Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Vert Asset Management LLC

Vert Asset Management LLC lessened its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 5.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,010 shares of the real estate investment trust’s stock after selling 3,550 shares during the period. Alexandria Real Estate Equities accounts for approximately 2.5% of Vert Asset Management LLC’s investment portfolio, making the stock its 14th biggest holding. Vert Asset Management LLC’s holdings in Alexandria Real Estate Equities were worth $7,245,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Alexandria Real Estate Equities by 1.5% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 50,000 shares of the real estate investment trust’s stock worth $5,938,000 after buying an additional 730 shares during the last quarter. Bleakley Financial Group LLC grew its position in shares of Alexandria Real Estate Equities by 89.8% in the 3rd quarter. Bleakley Financial Group LLC now owns 3,361 shares of the real estate investment trust’s stock valued at $399,000 after buying an additional 1,590 shares during the last quarter. Naviter Wealth LLC raised its stake in Alexandria Real Estate Equities by 7.2% during the 3rd quarter. Naviter Wealth LLC now owns 13,343 shares of the real estate investment trust’s stock worth $1,602,000 after acquiring an additional 900 shares in the last quarter. Presima Securities ULC lifted its position in Alexandria Real Estate Equities by 0.9% in the third quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust’s stock valued at $1,392,000 after acquiring an additional 100 shares during the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in Alexandria Real Estate Equities in the third quarter valued at $1,608,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. Wedbush lowered Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $140.00 to $130.00 in a research report on Wednesday, July 24th. Citigroup downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $130.00 to $125.00 in a report on Friday, September 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Finally, Jefferies Financial Group cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their price target for the stock from $136.00 to $127.00 in a research note on Friday, August 2nd. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $133.22.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $121.79 on Friday. The stock has a market capitalization of $21.30 billion, a P/E ratio of 113.82, a P/E/G ratio of 3.99 and a beta of 1.16. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23. Alexandria Real Estate Equities, Inc. has a 1 year low of $90.73 and a 1 year high of $135.45. The company’s fifty day moving average is $118.80 and its two-hundred day moving average is $118.92.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). The firm had revenue of $766.70 million for the quarter, compared to analyst estimates of $775.03 million. Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.24 earnings per share. On average, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid 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 4.27%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 485.98%.

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.