Impax Asset Management Group plc Sells 12,559 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Impax Asset Management Group plc cut its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 6.2% during the third quarter, Holdings Channel.com reports. The firm owned 191,483 shares of the real estate investment trust’s stock after selling 12,559 shares during the period. Impax Asset Management Group plc’s holdings in Alexandria Real Estate Equities were worth $22,739,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Alexandria Real Estate Equities by 14.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 281,833 shares of the real estate investment trust’s stock valued at $36,331,000 after acquiring an additional 34,854 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in Alexandria Real Estate Equities by 2.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 321,624 shares of the real estate investment trust’s stock valued at $41,482,000 after purchasing an additional 9,187 shares during the last quarter. Vanguard Group Inc. raised its holdings in Alexandria Real Estate Equities by 0.6% in the first quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock worth $3,452,814,000 after purchasing an additional 156,643 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Alexandria Real Estate Equities by 301.6% during the first quarter. SG Americas Securities LLC now owns 71,743 shares of the real estate investment trust’s stock valued at $9,248,000 after buying an additional 53,877 shares during the last quarter. Finally, BDF Gestion bought a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter valued at about $2,560,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ARE has been the subject of several recent analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $125.00 price objective (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday, October 24th. Jefferies Financial Group downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price target for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. JMP Securities reiterated a “market outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Finally, Wedbush decreased their price target 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. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Alexandria Real Estate Equities has a consensus rating of “Hold” and a consensus price target of $131.22.

Alexandria Real Estate Equities Price Performance

NYSE ARE opened at $112.99 on Tuesday. The company has a market cap of $19.75 billion, a price-to-earnings ratio of 68.90, a PEG ratio of 4.17 and a beta of 1.16. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. The stock’s fifty day moving average price is $118.49 and its 200 day moving average price is $118.28. Alexandria Real Estate Equities, Inc. has a 1 year low of $93.17 and a 1 year high of $135.45.

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). The firm had revenue of $791.60 million during the quarter, compared to analysts’ expectations of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.26 earnings per share. As a group, equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.48 earnings per share 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. Shareholders of record on Monday, September 30th were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities’s payout ratio is 317.07%.

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.