Leeward Investments LLC MA Has $9.77 Million Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Leeward Investments LLC MA decreased its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 20.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 82,628 shares of the real estate investment trust’s stock after selling 20,913 shares during the period. Leeward Investments LLC MA’s holdings in Alexandria Real Estate Equities were worth $9,766,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new position in shares of Alexandria Real Estate Equities during the 3rd quarter valued at $25,000. UMB Bank n.a. raised its holdings in Alexandria Real Estate Equities by 132.8% during the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 154 shares in the last quarter. Rothschild Investment LLC bought a new position in Alexandria Real Estate Equities during the second quarter valued at about $33,000. Global X Japan Co. Ltd. bought a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter worth about $43,000. Finally, M&R Capital Management Inc. acquired a new position in shares of Alexandria Real Estate Equities during the 3rd quarter valued at about $50,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Down 0.8 %

Shares of ARE opened at $112.98 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20. The company has a 50-day simple moving average of $118.23 and a 200-day simple moving average of $118.23. Alexandria Real Estate Equities, Inc. has a 52 week low of $93.17 and a 52 week high of $135.45. The firm has a market capitalization of $19.74 billion, a P/E ratio of 68.89, a P/E/G ratio of 4.15 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing the consensus estimate of $2.38 by ($1.42). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The firm had revenue of $791.60 million during the quarter, compared to analyst estimates of $766.97 million. During the same period last year, the company earned $2.26 EPS. The company’s revenue was up 10.9% on a year-over-year basis. On average, equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.48 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $1.30 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.20 annualized dividend and a yield of 4.60%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 317.07%.

Wall Street Analyst Weigh In

ARE has been the subject of several analyst reports. Evercore ISI reduced their target price on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a report on Wednesday, October 23rd. Citigroup cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $130.00 to $125.00 in a research note on Friday, September 13th. Jefferies Financial Group lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their target price for the company from $136.00 to $127.00 in a research note on Friday, August 2nd. BMO Capital Markets raised shares of Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. Finally, Bank of America downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price target for the company from $151.00 to $126.00 in a research report on Monday, July 29th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $131.22.

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.