Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale trimmed its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 4.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 147,014 shares of the real estate investment trust's stock after selling 7,489 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.08% of Alexandria Real Estate Equities worth $17,389,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in Alexandria Real Estate Equities by 30.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,550 shares of the real estate investment trust's stock valued at $540,000 after purchasing an additional 1,062 shares in the last quarter. Consolidated Portfolio Review Corp grew its position in shares of Alexandria Real Estate Equities by 59.7% in the 3rd quarter. Consolidated Portfolio Review Corp now owns 3,613 shares of the real estate investment trust's stock valued at $429,000 after buying an additional 1,350 shares during the last quarter. Pathway Financial Advisers LLC raised its stake in Alexandria Real Estate Equities by 11,449.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust's stock worth $169,056,000 after acquiring an additional 1,411,304 shares in the last quarter. Arkadios Wealth Advisors lifted its position in Alexandria Real Estate Equities by 56.3% in the third quarter. Arkadios Wealth Advisors now owns 4,193 shares of the real estate investment trust's stock valued at $498,000 after acquiring an additional 1,510 shares during the last quarter. Finally, Forsta AP Fonden boosted its stake in Alexandria Real Estate Equities by 24.4% in the third quarter. Forsta AP Fonden now owns 34,200 shares of the real estate investment trust's stock valued at $4,061,000 after acquiring an additional 6,700 shares in the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Price Performance

Alexandria Real Estate Equities stock traded up $1.86 during mid-day trading on Wednesday, reaching $113.51. The company had a trading volume of 1,082,892 shares, compared to its average volume of 984,389. The stock's 50-day simple moving average is $119.05 and its 200-day simple moving average is $118.42. Alexandria Real Estate Equities, Inc. has a 1 year low of $90.73 and a 1 year high of $135.45. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.23 and a quick ratio of 0.23. The company has a market capitalization of $19.85 billion, a P/E ratio of 104.35, a P/E/G ratio of 3.99 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing the consensus estimate of $2.38 by ($1.42). The business had revenue of $791.60 million during the quarter, compared to analysts' expectations of $766.97 million. Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. Alexandria Real Estate Equities's quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.26 earnings per share. On average, equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities's dividend payout ratio is presently 485.98%.

Wall Street Analysts Forecast Growth

ARE has been the subject of several research reports. Jefferies Financial Group downgraded Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and reduced their target price for the company from $136.00 to $127.00 in a report on Friday, August 2nd. JMP Securities restated a "market outperform" rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Bank of America downgraded shares of Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and reduced their price target for the company from $151.00 to $126.00 in a research report on Monday, July 29th. Evercore ISI dropped their price objective on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating on the stock in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets raised Alexandria Real Estate Equities to a "hold" rating in a report on Wednesday, September 25th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of "Hold" and a consensus target price of $131.22.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc NYSE: ARE, an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.