Asset Management One Co. Ltd. Decreases Stake in Alexandria Real Estate Equities, Inc. $ARE

Asset Management One Co. Ltd. lessened its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 287,702 shares of the real estate investment trust’s stock after selling 1,229 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Alexandria Real Estate Equities were worth $20,896,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Roman Butler Fullerton & Co. purchased a new position in shares of Alexandria Real Estate Equities in the 2nd quarter worth approximately $245,000. Paralel Advisors LLC boosted its stake in shares of Alexandria Real Estate Equities by 55.2% in the 2nd quarter. Paralel Advisors LLC now owns 22,500 shares of the real estate investment trust’s stock worth $1,634,000 after buying an additional 8,000 shares during the last quarter. Freedom Investment Management Inc. boosted its stake in shares of Alexandria Real Estate Equities by 11.5% in the 2nd quarter. Freedom Investment Management Inc. now owns 7,722 shares of the real estate investment trust’s stock worth $561,000 after buying an additional 795 shares during the last quarter. Ethic Inc. boosted its stake in shares of Alexandria Real Estate Equities by 111.0% in the 2nd quarter. Ethic Inc. now owns 16,284 shares of the real estate investment trust’s stock worth $1,195,000 after buying an additional 8,565 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Alexandria Real Estate Equities by 113.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 147,014 shares of the real estate investment trust’s stock worth $10,458,000 after buying an additional 78,111 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. BMO Capital Markets assumed coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday, September 23rd. They set an “outperform” rating and a $100.00 target price for the company. Cantor Fitzgerald dropped their price objective on Alexandria Real Estate Equities from $88.00 to $79.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. BNP Paribas downgraded Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 target price for the company. in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Friday. Finally, Royal Bank Of Canada cut their price target on Alexandria Real Estate Equities from $100.00 to $98.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 29th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of “Hold” and an average target price of $95.87.

Alexandria Real Estate Equities Price Performance

Alexandria Real Estate Equities stock opened at $77.48 on Friday. Alexandria Real Estate Equities, Inc. has a one year low of $67.37 and a one year high of $116.90. The business has a fifty day moving average price of $81.08 and a 200-day moving average price of $76.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market capitalization of $13.40 billion, a P/E ratio of -595.96, a PEG ratio of 6.50 and a beta of 1.31.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $1.32 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $5.28 annualized dividend and a yield of 6.8%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently -4,061.54%.

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.