Motley Fool Wealth Management LLC lowered its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 15.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 53,241 shares of the real estate investment trust’s stock after selling 9,634 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Alexandria Real Estate Equities were worth $3,867,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. Private Trust Co. NA grew its holdings in shares of Alexandria Real Estate Equities by 19.2% during the 1st quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust’s stock worth $86,000 after purchasing an additional 149 shares in the last quarter. Presima Securities ULC grew its holdings in shares of Alexandria Real Estate Equities by 1.4% during the 1st quarter. Presima Securities ULC now owns 11,895 shares of the real estate investment trust’s stock worth $1,100,000 after purchasing an additional 170 shares in the last quarter. CX Institutional grew its holdings in shares of Alexandria Real Estate Equities by 13.8% during the 2nd quarter. CX Institutional now owns 1,445 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 175 shares in the last quarter. Investor s Fiduciary Advisor Network LLC grew its holdings in shares of Alexandria Real Estate Equities by 3.8% during the 1st quarter. Investor s Fiduciary Advisor Network LLC now owns 4,941 shares of the real estate investment trust’s stock worth $457,000 after purchasing an additional 180 shares in the last quarter. Finally, HM Payson & Co. grew its holdings in shares of Alexandria Real Estate Equities by 33.0% during the 1st quarter. HM Payson & Co. now owns 798 shares of the real estate investment trust’s stock worth $74,000 after purchasing an additional 198 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.
Alexandria Real Estate Equities Trading Up 0.5%
Shares of ARE opened at $77.82 on Tuesday. The stock has a fifty day moving average price of $81.09 and a two-hundred day moving average price of $76.89. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23. Alexandria Real Estate Equities, Inc. has a 52-week low of $67.37 and a 52-week high of $116.52. The company has a market cap of $13.46 billion, a price-to-earnings ratio of -598.60, a PEG ratio of 6.50 and a beta of 1.31.
Alexandria Real Estate Equities Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a $1.32 dividend. 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 payout ratio is presently -4,061.54%.
Wall Street Analysts Forecast Growth
ARE has been the topic of several recent research reports. Royal Bank Of Canada decreased their price objective on Alexandria Real Estate Equities from $100.00 to $98.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 29th. Cantor Fitzgerald decreased their price objective on Alexandria Real Estate Equities from $88.00 to $79.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. BMO Capital Markets started coverage on Alexandria Real Estate Equities in a report on Tuesday, September 23rd. They set an “outperform” rating and a $100.00 price objective on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Wednesday, October 8th. Finally, BNP Paribas Exane restated an “underperform” rating on shares of Alexandria Real Estate Equities in a research report on Wednesday, October 1st. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $95.87.
Check Out Our Latest Stock Report on Alexandria Real Estate Equities
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.
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