Chartwell Investment Partners LLC Sells 2,751 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Chartwell Investment Partners LLC cut its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 8.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,697 shares of the real estate investment trust’s stock after selling 2,751 shares during the period. Chartwell Investment Partners LLC’s holdings in Alexandria Real Estate Equities were worth $3,526,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in ARE. Catalyst Capital Advisors LLC bought a new position in Alexandria Real Estate Equities during the third quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Alexandria Real Estate Equities in the 3rd quarter worth approximately $30,000. UMB Bank n.a. lifted its holdings in Alexandria Real Estate Equities by 132.8% during the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 154 shares in the last quarter. Rothschild Investment LLC acquired a new position in Alexandria Real Estate Equities during the 2nd quarter worth $33,000. Finally, Global X Japan Co. Ltd. acquired a new position in Alexandria Real Estate Equities during the 2nd quarter worth $43,000. 96.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ARE has been the subject of several recent research reports. Citigroup cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their target price for the company from $130.00 to $125.00 in a research report on Friday, September 13th. JMP Securities restated a “market outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $125.00 target price (down from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday, October 24th. Bank of America lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $151.00 to $126.00 in a research note on Monday, July 29th. Finally, BMO Capital Markets raised shares of Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $131.10.

Alexandria Real Estate Equities Stock Down 2.4 %

Shares of ARE opened at $111.36 on Tuesday. Alexandria Real Estate Equities, Inc. has a 12 month low of $93.17 and a 12 month high of $135.45. The firm’s 50 day moving average is $118.04 and its 200-day moving average is $118.14. The stock has a market capitalization of $19.46 billion, a PE ratio of 67.90, a P/E/G ratio of 4.27 and a beta of 1.16. 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) 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 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 firm had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. During the same period last year, the business earned $2.26 earnings per share. The business’s revenue was up 10.9% compared to the same quarter last year. Equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.48 EPS 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 given a $1.30 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a yield of 4.67%. Alexandria Real Estate Equities’s dividend payout ratio is currently 317.07%.

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.