Garland Capital Management Inc. Has $793,000 Stake in Alexandria Real Estate Equities, Inc. $ARE

Garland Capital Management Inc. decreased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 63.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,920 shares of the real estate investment trust’s stock after selling 19,045 shares during the quarter. Alexandria Real Estate Equities comprises approximately 2.5% of Garland Capital Management Inc.’s investment portfolio, making the stock its 24th biggest position. Garland Capital Management Inc.’s holdings in Alexandria Real Estate Equities were worth $793,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Invesco Ltd. grew its position in Alexandria Real Estate Equities by 39.0% during the first quarter. Invesco Ltd. now owns 3,147,743 shares of the real estate investment trust’s stock worth $291,198,000 after buying an additional 882,963 shares in the last quarter. Northern Trust Corp grew its position in Alexandria Real Estate Equities by 6.2% during the first quarter. Northern Trust Corp now owns 2,723,583 shares of the real estate investment trust’s stock worth $251,959,000 after buying an additional 158,177 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Alexandria Real Estate Equities by 2.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,530,184 shares of the real estate investment trust’s stock worth $234,067,000 after buying an additional 63,997 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Alexandria Real Estate Equities by 21.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,849,582 shares of the real estate investment trust’s stock worth $171,105,000 after buying an additional 330,673 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Alexandria Real Estate Equities by 2.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,646,542 shares of the real estate investment trust’s stock worth $152,322,000 after buying an additional 36,468 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Wall Street Analyst Weigh In

ARE has been the topic of a number of analyst reports. BNP Paribas downgraded Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 price target on the stock. in a research report on Wednesday, October 1st. BNP Paribas Exane reissued an “underperform” rating on shares of Alexandria Real Estate Equities in a research report on Wednesday, October 1st. Jefferies Financial Group initiated coverage on Alexandria Real Estate Equities in a research report on Monday, October 6th. They set a “hold” rating and a $80.00 price target on the stock. Cantor Fitzgerald reduced their price target on Alexandria Real Estate Equities from $88.00 to $79.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Friday. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $95.87.

Alexandria Real Estate Equities Stock Up 0.7%

NYSE ARE opened at $77.48 on Monday. The business has a fifty day moving average price of $81.08 and a two-hundred day moving average price of $76.92. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.23. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $67.37 and a fifty-two week high of $116.90. The stock has a market capitalization of $13.40 billion, a PE ratio of -595.96, a PEG ratio of 6.50 and a beta of 1.31.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $1.32 per share. The ex-dividend date was Tuesday, September 30th. This represents a $5.28 annualized dividend and a yield of 6.8%. Alexandria Real Estate Equities’s dividend payout ratio is presently -4,061.54%.

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.