Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 10.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,206 shares of the real estate investment trust’s stock after selling 11,216 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.06% of Alexandria Real Estate Equities worth $11,781,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ARE. Van ECK Associates Corp lifted its stake in shares of Alexandria Real Estate Equities by 14.2% during the third quarter. Van ECK Associates Corp now owns 75,737 shares of the real estate investment trust’s stock valued at $9,081,000 after buying an additional 9,400 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Alexandria Real Estate Equities during the 3rd quarter worth $4,312,000. Farther Finance Advisors LLC boosted its holdings in shares of Alexandria Real Estate Equities by 45.8% during the third quarter. Farther Finance Advisors LLC now owns 1,356 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 426 shares during the last quarter. Stephens Inc. AR grew its position in shares of Alexandria Real Estate Equities by 32.8% in the third quarter. Stephens Inc. AR now owns 3,070 shares of the real estate investment trust’s stock valued at $365,000 after purchasing an additional 758 shares during the period. Finally, US Bancorp DE increased its stake in Alexandria Real Estate Equities by 23.1% in the third quarter. US Bancorp DE now owns 20,470 shares of the real estate investment trust’s stock valued at $2,431,000 after purchasing an additional 3,847 shares during the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Trading Up 0.6 %

NYSE:ARE opened at $113.68 on Friday. The business’s 50-day moving average is $118.23 and its two-hundred day moving average is $118.23. The firm has a market capitalization of $19.87 billion, a PE ratio of 69.32, a price-to-earnings-growth ratio of 4.23 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 12 month low of $93.17 and a 12 month high of $135.45. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20.

Alexandria Real Estate Equities (NYSE:ARE) last announced its 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 company had revenue of $791.60 million for the quarter, compared to analysts’ expectations of $766.97 million. During the same quarter in the previous year, the business posted $2.26 earnings per share. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. Research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.48 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.57%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 317.07%.

Analysts Set New Price Targets

ARE has been the subject of several recent analyst reports. Evercore ISI lowered their price target 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. Jefferies Financial Group lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price target for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. Citigroup lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price target for the company from $130.00 to $125.00 in a report on Friday, September 13th. Wedbush dropped their price objective on Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $125.00 target price (down previously from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday, October 24th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.