Impax Asset Management Group plc Has $22.74 Million Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Impax Asset Management Group plc lowered its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 6.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 191,483 shares of the real estate investment trust's stock after selling 12,559 shares during the quarter. Impax Asset Management Group plc owned 0.11% of Alexandria Real Estate Equities worth $22,739,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in ARE. M&G Plc bought a new position in Alexandria Real Estate Equities during the first quarter worth $204,001,000. Pathway Financial Advisers LLC increased 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 purchasing an additional 1,411,304 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Alexandria Real Estate Equities by 153.0% during the 1st quarter. Russell Investments Group Ltd. now owns 777,345 shares of the real estate investment trust's stock worth $100,205,000 after purchasing an additional 470,076 shares during the period. DAVENPORT & Co LLC bought a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at about $55,075,000. Finally, Raymond James & Associates grew its position in 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 buying an additional 242,466 shares in the last quarter. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE traded up $0.85 during mid-day trading on Tuesday, hitting $113.84. 790,432 shares of the stock were exchanged, compared to its average volume of 988,901. The company has a market cap of $19.89 billion, a P/E ratio of 69.41, a PEG ratio of 4.15 and a beta of 1.16. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20. Alexandria Real Estate Equities, Inc. has a twelve month low of $93.17 and a twelve month high of $135.45. The stock's fifty day simple moving average is $118.35 and its two-hundred day simple moving average is $118.26.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued 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). The business had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The company's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.26 EPS. As a group, analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.48 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities's dividend payout ratio is currently 317.07%.

Analysts Set New Price Targets

Several equities analysts have commented on ARE shares. Bank of America cut Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and cut their price target for the company from $151.00 to $126.00 in a report on Monday, July 29th. Royal Bank of Canada reiterated a "sector perform" rating and set a $125.00 price target (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday, October 24th. 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 for the company in a research note on Wednesday, October 23rd. Jefferies Financial Group lowered shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and decreased their target price for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. Finally, Wedbush lowered their target price on shares of 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. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average 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.