Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 86,000 shares of the real estate investment trust’s stock after buying an additional 784 shares during the quarter. Handelsbanken Fonder AB’s holdings in Alexandria Real Estate Equities were worth $10,212,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its position in Alexandria Real Estate Equities by 5.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 136,558 shares of the real estate investment trust’s stock valued at $17,311,000 after purchasing an additional 6,459 shares during the period. Prudential PLC boosted its stake in shares of Alexandria Real Estate Equities by 48.8% in the fourth quarter. Prudential PLC now owns 9,024 shares of the real estate investment trust’s stock worth $1,144,000 after buying an additional 2,958 shares during the last quarter. Elo Mutual Pension Insurance Co grew its holdings in Alexandria Real Estate Equities by 4.2% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 14,351 shares of the real estate investment trust’s stock worth $1,819,000 after acquiring an additional 581 shares during the period. Nomura Holdings Inc. purchased a new position in Alexandria Real Estate Equities during the fourth quarter valued at approximately $3,520,000. Finally, First Financial Bankshares Inc acquired a new position in Alexandria Real Estate Equities in the fourth quarter valued at approximately $31,260,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Trading Down 1.2 %

Shares of ARE stock opened at $113.50 on Tuesday. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $90.73 and a fifty-two week high of $135.45. The firm has a market capitalization of $19.85 billion, a P/E ratio of 106.07, a PEG ratio of 4.26 and a beta of 1.16. The stock’s fifty day moving average is $118.15 and its two-hundred day moving average is $119.42. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $766.70 million for the quarter, compared to analyst estimates of $775.03 million. During the same quarter in the prior year, the firm earned $2.24 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $1.30 dividend. The ex-dividend date is Monday, September 30th. This represents a $5.20 annualized dividend and a yield of 4.58%. Alexandria Real Estate Equities’s dividend payout ratio is presently 485.98%.

Wall Street Analyst Weigh In

ARE has been the subject of several recent research reports. Citigroup lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their target price for the company from $130.00 to $125.00 in a report on Friday, September 13th. 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 research note on Monday, August 5th. Jefferies Financial Group lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price target for the company from $136.00 to $127.00 in a research note on Friday, August 2nd. Wedbush downgraded Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $140.00 to $130.00 in a research report on Wednesday, July 24th. Finally, JMP Securities restated 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. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.