Citigroup Inc. Has $26.35 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Citigroup Inc. lessened its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 13.8% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 221,899 shares of the real estate investment trust’s stock after selling 35,568 shares during the quarter. Citigroup Inc. owned about 0.13% of Alexandria Real Estate Equities worth $26,350,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ARE. Arbor Capital Management Inc. ADV lifted its position in Alexandria Real Estate Equities by 1.1% during the second quarter. Arbor Capital Management Inc. ADV now owns 8,639 shares of the real estate investment trust’s stock worth $1,000,000 after acquiring an additional 93 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Alexandria Real Estate Equities by 0.7% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,544 shares of the real estate investment trust’s stock valued at $1,584,000 after purchasing an additional 100 shares during the period. Presima Securities ULC grew its holdings in Alexandria Real Estate Equities by 0.9% in the 3rd quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust’s stock valued at $1,392,000 after buying an additional 100 shares in the last quarter. GAMMA Investing LLC increased its position in Alexandria Real Estate Equities by 7.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,414 shares of the real estate investment trust’s stock worth $165,000 after buying an additional 103 shares during the period. Finally, PFG Investments LLC lifted its holdings in shares of Alexandria Real Estate Equities by 5.1% during the second quarter. PFG Investments LLC now owns 2,392 shares of the real estate investment trust’s stock worth $280,000 after buying an additional 115 shares in the last quarter. Institutional investors own 96.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ARE shares. Bank of America lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $151.00 to $126.00 in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price target for the company from $135.00 to $112.00 in a research report on Friday, November 15th. BMO Capital Markets raised Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. Jefferies Financial Group lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $136.00 to $127.00 in a research note on Friday, August 2nd. Finally, Citigroup downgraded 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 research report on Friday, September 13th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of “Hold” and an average target price of $127.30.

Alexandria Real Estate Equities Stock Up 3.5 %

ARE stock opened at $112.10 on Tuesday. The stock has a market capitalization of $19.59 billion, a P/E ratio of 68.35, a price-to-earnings-growth ratio of 4.06 and a beta of 1.16. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $115.32 and a 200-day moving average price of $117.30. Alexandria Real Estate Equities, Inc. has a 12 month low of $102.89 and a 12 month high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). The company had revenue of $791.60 million during the quarter, compared to analyst estimates of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.26 EPS. As a group, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $1.30 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a yield of 4.64%. Alexandria Real Estate Equities’s payout ratio is presently 317.07%.

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.