Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by ING Groep NV

ING Groep NV trimmed its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 20,821 shares of the real estate investment trust’s stock after selling 358 shares during the quarter. ING Groep NV’s holdings in Alexandria Real Estate Equities were worth $2,472,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ARE. Catalyst Capital Advisors LLC purchased a new position in shares of Alexandria Real Estate Equities in the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC acquired a new stake in Alexandria Real Estate Equities in the 3rd quarter valued at $30,000. UMB Bank n.a. raised its position in Alexandria Real Estate Equities by 132.8% in the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 154 shares during the period. Rothschild Investment LLC acquired a new position in shares of Alexandria Real Estate Equities during the second quarter worth about $33,000. Finally, Venturi Wealth Management LLC boosted its position in shares of Alexandria Real Estate Equities by 144.0% in the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 180 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 2.5 %

NYSE:ARE opened at $105.58 on Friday. Alexandria Real Estate Equities, Inc. has a 52 week low of $102.24 and a 52 week high of $135.45. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. The company has a market cap of $18.45 billion, a PE ratio of 64.38, a P/E/G ratio of 4.08 and a beta of 1.16. The business’s 50 day moving average is $117.10 and its two-hundred day moving average is $117.82.

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 the consensus estimate of $2.38 by ($1.42). Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The firm had revenue of $791.60 million for the quarter, compared to the consensus estimate of $766.97 million. During the same quarter last year, the business earned $2.26 earnings per share. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

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 given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is presently 317.07%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $125.00 target price (down from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday, October 24th. Jefferies Financial Group cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their target price for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. Citigroup lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price target for the company from $130.00 to $125.00 in a report on Friday, September 13th. Bank of America lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $151.00 to $126.00 in a report on Monday, July 29th. Finally, Wedbush lowered their target price on Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of “Hold” and a consensus target price of $127.30.

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.