Thrivent Financial for Lutherans cut its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 42.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 609,557 shares of the real estate investment trust’s stock after selling 441,434 shares during the quarter. Thrivent Financial for Lutherans owned about 0.35% of Alexandria Real Estate Equities worth $72,385,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in ARE. Atlanta Consulting Group Advisors LLC acquired a new position in shares of Alexandria Real Estate Equities in the third quarter valued at $441,000. Natixis Advisors LLC grew its stake in Alexandria Real Estate Equities by 10.0% in the 3rd quarter. Natixis Advisors LLC now owns 120,098 shares of the real estate investment trust’s stock valued at $14,262,000 after buying an additional 10,917 shares during the last quarter. Empowered Funds LLC grew its stake in Alexandria Real Estate Equities by 9.8% in the 3rd quarter. Empowered Funds LLC now owns 2,903 shares of the real estate investment trust’s stock valued at $345,000 after buying an additional 259 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Alexandria Real Estate Equities by 67.3% in the 3rd quarter. CIBC Asset Management Inc now owns 37,276 shares of the real estate investment trust’s stock valued at $4,427,000 after acquiring an additional 14,992 shares during the period. Finally, Metis Global Partners LLC lifted its position in Alexandria Real Estate Equities by 17.0% during the third quarter. Metis Global Partners LLC now owns 36,878 shares of the real estate investment trust’s stock worth $4,379,000 after acquiring an additional 5,367 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.
Alexandria Real Estate Equities Price Performance
Shares of NYSE:ARE opened at $105.58 on Monday. 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 $18.45 billion, a PE ratio of 64.38, a PEG ratio of 3.95 and a beta of 1.16. The firm has a 50 day moving average of $117.10 and a 200-day moving average of $117.84. Alexandria Real Estate Equities, Inc. has a 12 month low of $102.24 and a 12 month high of $135.45.
Alexandria Real Estate Equities Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 317.07%.
Analyst Ratings Changes
Several equities analysts have recently commented on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $125.00 target price (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday, October 24th. Citigroup cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $130.00 to $125.00 in a research report on Friday, September 13th. Wedbush reduced their target price on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Robert W. Baird decreased their price target on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $135.00 to $112.00 in a research note on Friday. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Alexandria Real Estate Equities currently has an average rating of “Hold” and an average target price of $127.30.
Check Out Our Latest Research Report on ARE
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.
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