Avanza Fonder AB Cuts Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Avanza Fonder AB reduced its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 5.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,763 shares of the real estate investment trust’s stock after selling 680 shares during the quarter. Avanza Fonder AB’s holdings in Alexandria Real Estate Equities were worth $1,178,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ARE. Apollon Wealth Management LLC grew its holdings in Alexandria Real Estate Equities by 29.9% in the fourth quarter. Apollon Wealth Management LLC now owns 3,317 shares of the real estate investment trust’s stock worth $324,000 after purchasing an additional 764 shares during the last quarter. Empowered Funds LLC grew its holdings in Alexandria Real Estate Equities by 112.2% in the fourth quarter. Empowered Funds LLC now owns 6,159 shares of the real estate investment trust’s stock worth $601,000 after purchasing an additional 3,256 shares during the last quarter. Savant Capital LLC purchased a new position in Alexandria Real Estate Equities in the fourth quarter worth $419,000. Banque Pictet & Cie SA grew its holdings in Alexandria Real Estate Equities by 2,377.9% in the fourth quarter. Banque Pictet & Cie SA now owns 63,780 shares of the real estate investment trust’s stock worth $6,222,000 after purchasing an additional 61,206 shares during the last quarter. Finally, New York State Teachers Retirement System grew its holdings in Alexandria Real Estate Equities by 16.3% in the fourth quarter. New York State Teachers Retirement System now owns 153,301 shares of the real estate investment trust’s stock worth $14,955,000 after purchasing an additional 21,464 shares during the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Trading Down 0.2%

Shares of Alexandria Real Estate Equities stock opened at $73.20 on Thursday. The firm has a 50-day simple moving average of $73.69 and a two-hundred day simple moving average of $90.34. The company has a market cap of $12.66 billion, a P/E ratio of 40.67, a price-to-earnings-growth ratio of 3.93 and a beta of 1.25. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $67.37 and a fifty-two week high of $130.14. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.02. The business had revenue of $758.16 million during the quarter, compared to the consensus estimate of $755.64 million. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.35 earnings per share. As a group, equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $1.32 per share. The ex-dividend date is Monday, June 30th. This represents a $5.28 annualized dividend and a dividend yield of 7.21%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 694.74%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ARE. Wall Street Zen raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. Jefferies Financial Group began coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They set a “hold” rating and a $100.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a “neutral” rating on the stock in a report on Tuesday, May 20th. Finally, JMP Securities reissued a “market outperform” rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of “Hold” and an average target price of $116.00.

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.