Nisa Investment Advisors LLC Lowers Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Nisa Investment Advisors LLC lowered its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 13.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,813 shares of the real estate investment trust's stock after selling 8,998 shares during the quarter. Nisa Investment Advisors LLC's holdings in Alexandria Real Estate Equities were worth $6,829,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Alexandria Real Estate Equities by 0.6% in the first quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust's stock valued at $3,452,814,000 after acquiring an additional 156,643 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in Alexandria Real Estate Equities by 0.9% during the second quarter. Canada Pension Plan Investment Board now owns 4,073,312 shares of the real estate investment trust's stock valued at $476,455,000 after purchasing an additional 35,216 shares during the period. M&G Plc increased its position in Alexandria Real Estate Equities by 4.9% in the second quarter. M&G Plc now owns 1,659,092 shares of the real estate investment trust's stock worth $194,114,000 after buying an additional 77,686 shares during the last quarter. Pathway Financial Advisers LLC raised its stake in shares of Alexandria Real Estate Equities by 11,449.8% in the third quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust's stock valued at $169,056,000 after buying an additional 1,411,304 shares during the period. Finally, Thrivent Financial for Lutherans lifted its position in shares of Alexandria Real Estate Equities by 1.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,050,991 shares of the real estate investment trust's stock valued at $122,934,000 after buying an additional 10,576 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

Wall Street Analyst Weigh In

ARE has been the topic of a number of research reports. Wedbush lowered their price objective on Alexandria Real Estate Equities from $130.00 to $120.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 23rd. Citigroup cut Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and lowered their price target for the company from $130.00 to $125.00 in a report on Friday, September 13th. Jefferies Financial Group downgraded shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and lowered their target price for the company from $136.00 to $127.00 in a research note on Friday, August 2nd. Evercore ISI dropped their price target on Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating for the company in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets upgraded Alexandria Real Estate Equities to a "hold" rating in a research report on Wednesday, September 25th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $131.22.

Alexandria Real Estate Equities Trading Down 0.6 %

ARE stock traded down $0.69 during midday trading on Friday, hitting $110.86. The company had a trading volume of 1,113,809 shares, compared to its average volume of 989,193. The stock's 50 day moving average price is $118.66 and its 200 day moving average price is $118.28. Alexandria Real Estate Equities, Inc. has a 52 week low of $93.17 and a 52 week high of $135.45. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. The stock has a market cap of $19.37 billion, a price-to-earnings ratio of 67.60, a PEG ratio of 4.24 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($1.42). Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The business had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. During the same period in the previous year, the business earned $2.26 earnings per share. The firm's revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.48 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities's payout ratio is 317.07%.

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.