Vinva Investment Management Ltd Increases Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Vinva Investment Management Ltd lifted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 574.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,885 shares of the real estate investment trust's stock after acquiring an additional 33,968 shares during the quarter. Vinva Investment Management Ltd's holdings in Alexandria Real Estate Equities were worth $4,827,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Canada Pension Plan Investment Board grew its stake in Alexandria Real Estate Equities by 0.9% in the second quarter. Canada Pension Plan Investment Board now owns 4,073,312 shares of the real estate investment trust's stock worth $476,455,000 after purchasing an additional 35,216 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Alexandria Real Estate Equities by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,450,902 shares of the real estate investment trust's stock worth $291,045,000 after purchasing an additional 72,934 shares during the period. M&G Plc grew its stake 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 purchasing an additional 77,686 shares during the period. Pathway Financial Advisers LLC grew its stake 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 purchasing an additional 1,411,304 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in Alexandria Real Estate Equities by 1.0% in the second quarter. Thrivent Financial for Lutherans now owns 1,050,991 shares of the real estate investment trust's stock worth $122,934,000 after purchasing an additional 10,576 shares during the period. Institutional investors own 96.54% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on ARE. Jefferies Financial Group cut 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 note on Friday, August 2nd. JMP Securities reduced their price target on Alexandria Real Estate Equities from $140.00 to $130.00 and set a "market outperform" rating on the stock in a research note on Friday, November 15th. Citigroup cut Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and cut their target price for the stock from $130.00 to $125.00 in a research note on Friday, September 13th. Wedbush cut their target price 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. Finally, JPMorgan Chase & Co. cut Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $133.00 to $121.00 in a research note on Wednesday. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $126.73.

Alexandria Real Estate Equities Trading Down 0.3 %

Shares of ARE stock traded down $0.35 on Friday, reaching $110.17. 715,273 shares of the company's stock were exchanged, compared to its average volume of 1,003,347. Alexandria Real Estate Equities, Inc. has a 52 week low of $102.89 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 capitalization of $19.25 billion, a PE ratio of 67.18, a P/E/G ratio of 4.14 and a beta of 1.16. The company's fifty day simple moving average is $114.35 and its 200 day simple moving average is $117.07.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing analysts' consensus estimates of $2.38 by ($1.42). The firm had revenue of $791.60 million for 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% on a year-over-year basis. During the same period last year, the firm earned $2.26 earnings per share. As a group, analysts forecast 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 declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $1.30 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.72%. Alexandria Real Estate Equities's dividend payout ratio is presently 317.07%.

Alexandria Real Estate Equities 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.