Marshall Wace LLP Trims Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Marshall Wace LLP reduced its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 14.5% in the second quarter, HoldingsChannel reports. The fund owned 228,232 shares of the real estate investment trust’s stock after selling 38,704 shares during the period. Marshall Wace LLP’s holdings in Alexandria Real Estate Equities were worth $26,696,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Mather Group LLC. bought a new stake in shares of Alexandria Real Estate Equities in the 1st quarter worth approximately $30,000. UMB Bank n.a. raised its stake 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 during the last quarter. Rothschild Investment LLC bought a new stake in Alexandria Real Estate Equities in the second quarter worth $33,000. Riverview Trust Co purchased a new stake in shares of Alexandria Real Estate Equities in the first quarter worth $37,000. Finally, Global X Japan Co. Ltd. bought a new position in shares of Alexandria Real Estate Equities during the second quarter valued at $43,000. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

Shares of ARE opened at $121.54 on Friday. The firm has a fifty day simple moving average of $118.64 and a two-hundred day simple moving average of $119.80. The firm has a market cap of $21.26 billion, a PE ratio of 113.59, a P/E/G ratio of 4.26 and a beta of 1.16. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a 1-year low of $90.73 and a 1-year high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). The firm had revenue of $766.70 million for the quarter, compared to analysts’ expectations of $775.03 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.24 EPS. On average, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $1.30 per share. The ex-dividend date is Monday, September 30th. This represents a $5.20 annualized dividend and a yield of 4.28%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 485.98%.

Analyst Ratings Changes

A number of brokerages recently issued reports on ARE. Evercore ISI upped their price target on shares of Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. JMP Securities reaffirmed a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Citigroup cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price target for the company from $130.00 to $125.00 in a report on Friday, September 13th. Jefferies Financial Group downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price target for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. Finally, Bank of America downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their target price for the company from $151.00 to $126.00 in a research note on Monday, July 29th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $130.70.

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.