Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 6.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 160,251 shares of the real estate investment trust’s stock after selling 10,355 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.09% of Alexandria Real Estate Equities worth $14,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. HB Wealth Management LLC boosted its position in shares of Alexandria Real Estate Equities by 28.1% during the 1st quarter. HB Wealth Management LLC now owns 3,885 shares of the real estate investment trust’s stock worth $359,000 after purchasing an additional 853 shares during the period. Stevens Capital Management LP purchased a new position in shares of Alexandria Real Estate Equities during the 1st quarter worth approximately $463,000. Assetmark Inc. boosted its position in shares of Alexandria Real Estate Equities by 13.1% during the 1st quarter. Assetmark Inc. now owns 47,398 shares of the real estate investment trust’s stock worth $4,385,000 after purchasing an additional 5,483 shares during the period. Cetera Investment Advisers boosted its position in shares of Alexandria Real Estate Equities by 15.4% during the 1st quarter. Cetera Investment Advisers now owns 29,977 shares of the real estate investment trust’s stock worth $2,773,000 after purchasing an additional 3,997 shares during the period. Finally, Avantax Advisory Services Inc. boosted its position in shares of Alexandria Real Estate Equities by 33.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 3,454 shares of the real estate investment trust’s stock worth $320,000 after purchasing an additional 867 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analysts Set New Price Targets

ARE has been the subject of a number of research analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. Baird R W decreased their price target on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. Evercore ISI decreased their price target on shares of Alexandria Real Estate Equities from $103.00 to $91.00 in a research report on Wednesday, April 30th. Royal Bank Of Canada decreased their price target on shares of Alexandria Real Estate Equities from $100.00 to $98.00 and set a “sector perform” rating for the company in a research report on Tuesday. Finally, Mizuho decreased their price target on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a research report on Thursday, June 12th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $97.17.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE opened at $79.54 on Wednesday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61. The company has a market cap of $13.76 billion, a P/E ratio of -611.83, a P/E/G ratio of 6.67 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 $125.63. The firm’s 50 day moving average is $74.34 and its two-hundred day moving average is $84.15.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.04. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The company had revenue of $737.28 million during the quarter, compared to analyst estimates of $748.02 million. During the same quarter in the prior year, the business earned $2.36 earnings per share. The business’s quarterly revenue was down .6% compared to the same quarter last year. Analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 6.64%. The ex-dividend date of this dividend was Monday, June 30th. Alexandria Real Estate Equities’s payout ratio is -4,061.54%.

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.