The Manufacturers Life Insurance Company Has $14.45 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

The Manufacturers Life Insurance Company boosted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,648 shares of the real estate investment trust’s stock after acquiring an additional 948 shares during the quarter. The Manufacturers Life Insurance Company owned 0.07% of Alexandria Real Estate Equities worth $14,446,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arbor Capital Management Inc. ADV grew its stake in shares of Alexandria Real Estate Equities by 1.1% in 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 purchasing an additional 93 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Alexandria Real Estate Equities by 0.7% in the second 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 buying an additional 100 shares during the period. Presima Securities ULC raised its position in shares of Alexandria Real Estate Equities by 0.9% during the third quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust’s stock worth $1,392,000 after acquiring an additional 100 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Alexandria Real Estate Equities by 7.9% in 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 during the period. Finally, PFG Investments LLC boosted its holdings in Alexandria Real Estate Equities by 5.1% in the second quarter. PFG Investments LLC now owns 2,392 shares of the real estate investment trust’s stock valued at $280,000 after acquiring an additional 115 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. 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 stock from $135.00 to $112.00 in a research report on Friday, November 15th. Wedbush cut their price target on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $125.00 price objective (down from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday, October 24th. BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. Finally, Evercore ISI lowered their target price 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. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $126.73.

Alexandria Real Estate Equities Trading Down 0.3 %

NYSE ARE opened at $110.23 on Monday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. Alexandria Real Estate Equities, Inc. has a 52 week low of $102.89 and a 52 week high of $135.45. The business has a 50 day moving average price of $114.35 and a 200-day moving average price of $116.96. The company has a market cap of $19.26 billion, a price-to-earnings ratio of 67.21, a P/E/G ratio of 4.13 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $791.60 million for the quarter, compared to the consensus estimate of $766.97 million. During the same quarter last year, the firm posted $2.26 EPS. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $1.30 per share. The ex-dividend date was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a yield of 4.72%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 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.