Ceredex Value Advisors LLC Sells 149,200 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Ceredex Value Advisors LLC reduced its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 40.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 220,400 shares of the real estate investment trust's stock after selling 149,200 shares during the quarter. Ceredex Value Advisors LLC owned about 0.13% of Alexandria Real Estate Equities worth $26,459,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased 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 increased its stake in shares of Alexandria Real Estate Equities by 0.9% in the 2nd 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 last quarter. M&G Plc raised its holdings in shares of Alexandria Real Estate Equities by 4.9% during the 2nd 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 in the last quarter. Pathway Financial Advisers LLC raised its holdings in shares of 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 buying an additional 1,411,304 shares in the last quarter. 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 worth $122,934,000 after buying an additional 10,576 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Trading Down 0.6 %

Shares of NYSE ARE traded down $0.69 during trading on Friday, reaching $110.86. The company had a trading volume of 1,114,108 shares, compared to its average volume of 989,193. The stock has a market cap of $19.37 billion, a P/E ratio of 67.60, a PEG ratio of 4.24 and a beta of 1.16. The company's fifty day moving average price is $118.66 and its 200-day moving average price is $118.29. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. Alexandria Real Estate Equities, Inc. has a 12 month low of $93.17 and a 12 month high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its earnings results 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). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The company had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. During the same quarter in the previous year, the company earned $2.26 earnings per share. The business's revenue was up 10.9% on a year-over-year basis. As a group, research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.48 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors 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 yield of 4.69%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities's dividend payout ratio is presently 317.07%.

Analyst Upgrades and Downgrades

Several brokerages have commented on ARE. Bank of America downgraded Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $151.00 to $126.00 in a research note on Monday, July 29th. JMP Securities reiterated a "market outperform" rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Jefferies Financial Group lowered shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and cut their target price for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. BMO Capital Markets raised shares of Alexandria Real Estate Equities to a "hold" rating in a research note on Wednesday, September 25th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $125.00 price target (down from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $131.22.

About Alexandria Real Estate Equities

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.