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

Lmcg Investments LLC reduced its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 55.9% during the 3rd quarter, Holdings Channel reports. 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 large investors have also bought and sold shares of ARE. Norden Group LLC bought a new stake in Alexandria Real Estate Equities during the 1st quarter worth about $963,000. First Trust Direct Indexing L.P. raised its position in Alexandria Real Estate Equities by 20.7% in the 1st quarter. First Trust Direct Indexing L.P. now owns 3,131 shares of the real estate investment trust’s stock worth $404,000 after purchasing an additional 537 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Alexandria Real Estate Equities by 4.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,180 shares of the real estate investment trust’s stock worth $3,737,000 after purchasing an additional 1,245 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Alexandria Real Estate Equities by 48.6% during the 1st quarter. BNP Paribas Financial Markets now owns 318,180 shares of the real estate investment trust’s stock worth $41,017,000 after buying an additional 104,131 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its position in Alexandria Real Estate Equities by 13.5% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,358 shares of the real estate investment trust’s stock valued at $691,000 after buying an additional 637 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock opened at $110.86 on Friday. 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. The firm has a fifty day moving average of $118.66 and a 200-day moving average of $118.29. The firm has a market capitalization of $19.37 billion, a price-to-earnings ratio of 67.60, a price-to-earnings-growth ratio of 4.24 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $791.60 million during the quarter, compared to analyst estimates of $766.97 million. During the same period in the previous year, the firm posted $2.26 earnings per share. The firm’s revenue was up 10.9% on a year-over-year basis. On average, equities research 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 announced 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. The ex-dividend date was Monday, September 30th. This represents a $5.20 annualized dividend and a yield of 4.69%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 317.07%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ARE. Citigroup downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $130.00 to $125.00 in a research report on Friday, September 13th. Bank of America downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their target price for the company from $151.00 to $126.00 in a research 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 report on Thursday, October 24th. Jefferies Financial Group lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price objective for the company from $136.00 to $127.00 in a report on Friday, August 2nd. Finally, Evercore ISI lowered their target price on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a report on Wednesday, October 23rd. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of “Hold” and a consensus target price of $131.22.

Alexandria Real Estate Equities Company 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.