Fort Washington Investment Advisors Inc. OH Trims Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Fort Washington Investment Advisors Inc. OH cut its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 4.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 531,251 shares of the real estate investment trust’s stock after selling 23,612 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Alexandria Real Estate Equities were worth $49,146,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in Alexandria Real Estate Equities in the fourth quarter worth about $1,605,426,000. JPMorgan Chase & Co. raised its holdings in shares of Alexandria Real Estate Equities by 212.9% in the 4th quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust’s stock valued at $806,337,000 after purchasing an additional 5,624,163 shares in the last quarter. Capital World Investors purchased a new stake in shares of Alexandria Real Estate Equities in the 4th quarter worth approximately $326,959,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Alexandria Real Estate Equities by 1,038.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,610,074 shares of the real estate investment trust’s stock valued at $157,063,000 after purchasing an additional 1,468,644 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Alexandria Real Estate Equities by 67.9% during the fourth quarter. Northern Trust Corp now owns 2,565,406 shares of the real estate investment trust’s stock valued at $250,255,000 after buying an additional 1,037,413 shares during the period. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Trading Down 0.2%

Alexandria Real Estate Equities stock opened at $73.20 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. The stock has a market cap of $12.66 billion, a PE ratio of 40.67, a price-to-earnings-growth ratio of 3.93 and a beta of 1.25. The stock has a 50-day moving average of $73.69 and a two-hundred day moving average of $90.34. Alexandria Real Estate Equities, Inc. has a one year low of $67.37 and a one year high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.02. The firm had revenue of $758.16 million for the quarter, compared to the consensus estimate of $755.64 million. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.35 earnings per share. On average, research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 7.21%. The ex-dividend date of this dividend is Monday, June 30th. Alexandria Real Estate Equities’s payout ratio is 694.74%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ARE. JMP Securities restated a “market outperform” rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. JPMorgan Chase & Co. reduced their price target on Alexandria Real Estate Equities from $117.00 to $95.00 and set a “neutral” rating for the company in a research report on Tuesday, May 20th. Jefferies Financial Group began coverage on Alexandria Real Estate Equities in a research note on Monday, March 17th. They set a “hold” rating and a $100.00 price objective for the company. Finally, Wall Street Zen upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, April 3rd. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $116.00.

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.