Assenagon Asset Management S.A. Sells 303 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Assenagon Asset Management S.A. lowered its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 11.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,460 shares of the real estate investment trust’s stock after selling 303 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Alexandria Real Estate Equities were worth $288,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Fulton Bank N.A. boosted its holdings in Alexandria Real Estate Equities by 4.2% during the first quarter. Fulton Bank N.A. now owns 2,074 shares of the real estate investment trust’s stock valued at $267,000 after purchasing an additional 83 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Alexandria Real Estate Equities by 29.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 376 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 85 shares in the last quarter. SPC Financial Inc. grew its position in Alexandria Real Estate Equities by 5.4% in the first quarter. SPC Financial Inc. now owns 1,950 shares of the real estate investment trust’s stock valued at $251,000 after acquiring an additional 100 shares during the period. GAMMA Investing LLC raised its stake in Alexandria Real Estate Equities by 7.9% during the second quarter. GAMMA Investing LLC now owns 1,414 shares of the real estate investment trust’s stock worth $165,000 after acquiring an additional 103 shares in the last quarter. Finally, Arbor Capital Management Inc. ADV lifted its holdings in shares of Alexandria Real Estate Equities by 1.3% during the fourth quarter. Arbor Capital Management Inc. ADV now owns 8,606 shares of the real estate investment trust’s stock valued at $1,079,000 after acquiring an additional 109 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on ARE. Royal Bank of Canada lowered their target price on shares of Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. Wedbush lowered shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $140.00 to $130.00 in a report on Wednesday, July 24th. Evercore ISI cut shares of Alexandria Real Estate Equities from an “outperform” rating to an “inline” rating and cut their target price for the company from $133.00 to $126.00 in a research note on Thursday, July 25th. Jefferies Financial Group lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their price target for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. Finally, JMP Securities reiterated a “market outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $131.22.

Alexandria Real Estate Equities Stock Up 2.4 %

NYSE ARE opened at $121.20 on Friday. The stock has a market capitalization of $21.20 billion, a P/E ratio of 113.27, a price-to-earnings-growth ratio of 4.00 and a beta of 1.15. Alexandria Real Estate Equities, Inc. has a 52 week low of $90.73 and a 52 week high of $135.45. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a fifty day moving average of $117.64 and a 200-day moving average of $119.76.

Alexandria Real Estate Equities (NYSE:ARE) last announced 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). Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The firm had revenue of $766.70 million during the quarter, compared to analyst estimates of $775.03 million. During the same quarter in the previous year, the business earned $2.24 earnings per share. Alexandria Real Estate Equities’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.48 EPS for the current year.

Alexandria Real Estate Equities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a $1.30 dividend. The ex-dividend date of this dividend was Friday, June 28th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. This represents a $5.20 dividend on an annualized basis and a yield of 4.29%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 485.98%.

Insiders Place Their Bets

In other news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $4.21, for a total value of $631,500.00. Following the transaction, the insider now owns 6,005,077 shares of the company’s stock, valued at approximately $25,281,374.17. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.15% of the company’s stock.

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.