Lmcg Investments LLC Has $1.11 Million Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Lmcg Investments LLC cut its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 55.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,361 shares of the real estate investment trust's stock after selling 11,868 shares during the quarter. Lmcg Investments LLC's holdings in Alexandria Real Estate Equities were worth $1,112,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ARE. M&G Plc bought a new stake in shares of Alexandria Real Estate Equities in the 1st quarter worth approximately $204,001,000. Pathway Financial Advisers LLC increased its position in 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 worth $169,056,000 after buying an additional 1,411,304 shares during the period. Russell Investments Group Ltd. lifted its stake in Alexandria Real Estate Equities by 153.0% in the first quarter. Russell Investments Group Ltd. now owns 777,345 shares of the real estate investment trust's stock valued at $100,205,000 after buying an additional 470,076 shares during the last quarter. DAVENPORT & Co LLC acquired a new position in shares of Alexandria Real Estate Equities during the first quarter valued at $55,075,000. Finally, Raymond James & Associates grew its position in shares of Alexandria Real Estate Equities by 501.1% during the third quarter. Raymond James & Associates now owns 290,857 shares of the real estate investment trust's stock worth $34,539,000 after acquiring an additional 242,466 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Price Performance

ARE stock traded down $0.69 during trading hours on Friday, hitting $110.86. 1,114,108 shares of the stock traded hands, compared to its average volume of 1,336,248. The stock has a 50-day simple moving average of $118.66 and a 200 day simple moving average of $118.30. The company has a market cap of $19.37 billion, a P/E ratio of 67.60, a P/E/G ratio of 4.17 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a one year low of $93.17 and a one year 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.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $766.97 million. During the same period in the prior year, the firm earned $2.26 EPS. The business's revenue for the quarter was up 10.9% on a year-over-year basis. Equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.48 earnings per share 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. Stockholders of record on Monday, September 30th were given a dividend of $1.30 per share. The ex-dividend date was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.69%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 317.07%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wedbush cut their price objective on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. BMO Capital Markets upgraded Alexandria Real Estate Equities to a "hold" rating in a research report on Wednesday, September 25th. Bank of America cut Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and lowered their target price for the company from $151.00 to $126.00 in a research report on Monday, July 29th. Jefferies Financial Group lowered Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and reduced their price target for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. Finally, Citigroup cut Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $130.00 to $125.00 in a research note on Friday, September 13th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Alexandria Real Estate Equities presently has an average rating of "Hold" and a consensus target price 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.