Creative Planning Sells 1,707 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Creative Planning decreased its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 11.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,468 shares of the real estate investment trust’s stock after selling 1,707 shares during the quarter. Creative Planning’s holdings in Alexandria Real Estate Equities were worth $1,575,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of ARE. Vanguard Group Inc. lifted its position in Alexandria Real Estate Equities by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock valued at $3,452,814,000 after acquiring an additional 156,643 shares in the last quarter. Canada Pension Plan Investment Board raised its position in Alexandria Real Estate Equities by 0.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,073,312 shares of the real estate investment trust’s stock valued at $476,455,000 after buying an additional 35,216 shares during the last quarter. M&G Plc boosted its holdings in Alexandria Real Estate Equities by 4.9% during the 2nd quarter. M&G Plc now owns 1,659,092 shares of the real estate investment trust’s stock worth $194,114,000 after acquiring an additional 77,686 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Alexandria Real Estate Equities by 1.0% in the second quarter. Thrivent Financial for Lutherans now owns 1,050,991 shares of the real estate investment trust’s stock valued at $122,934,000 after purchasing an additional 10,576 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in Alexandria Real Estate Equities by 0.7% during the first quarter. Jennison Associates LLC now owns 1,017,986 shares of the real estate investment trust’s stock worth $131,229,000 after purchasing an additional 7,043 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Down 1.2 %

Shares of ARE stock opened at $113.50 on Tuesday. The stock has a market capitalization of $19.85 billion, a PE ratio of 106.07, a P/E/G ratio of 4.26 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 1-year low of $90.73 and a 1-year high of $135.45. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.23 and a quick ratio of 0.23. The business has a 50-day moving average of $118.15 and a 200 day moving average of $119.42.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). The firm had revenue of $766.70 million during the quarter, compared to the consensus estimate of $775.03 million. Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. Alexandria Real Estate Equities’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the business earned $2.24 EPS. As a group, sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wedbush lowered shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $140.00 to $130.00 in a research report on Wednesday, July 24th. JMP Securities restated a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. BMO Capital Markets raised shares of Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Royal Bank of Canada lowered their price objective on shares of Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Finally, Citigroup lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their target price for the stock from $130.00 to $125.00 in a research report on Friday, September 13th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $130.70.

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.