Lmcg Investments LLC Has $1.11 Million Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Lmcg Investments LLC decreased its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 55.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,361 shares of the real estate investment trust’s stock after selling 11,868 shares during the period. Lmcg Investments LLC’s holdings in Alexandria Real Estate Equities were worth $1,112,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Alexandria Real Estate Equities by 14.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 281,833 shares of the real estate investment trust’s stock valued at $36,331,000 after purchasing an additional 34,854 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Alexandria Real Estate Equities by 2.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 321,624 shares of the real estate investment trust’s stock worth $41,482,000 after buying an additional 9,187 shares during the last quarter. Norden Group LLC bought a new stake in shares of Alexandria Real Estate Equities during the 1st quarter worth about $963,000. Vanguard Group Inc. increased its holdings in shares of Alexandria Real Estate Equities by 0.6% during 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 during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Alexandria Real Estate Equities by 301.6% in the 1st quarter. SG Americas Securities LLC now owns 71,743 shares of the real estate investment trust’s stock valued at $9,248,000 after acquiring an additional 53,877 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

ARE opened at $110.86 on Friday. The stock has a market cap of $19.37 billion, a PE ratio of 67.60, a P/E/G ratio of 4.24 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 1 year low of $93.17 and a 1 year high of $135.45. The stock’s 50 day simple moving average is $118.66 and its 200-day simple moving average is $118.29. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($1.42). The business had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the firm earned $2.26 EPS. Sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.48 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 317.07%.

Analyst Ratings Changes

Several equities analysts have commented on ARE shares. Jefferies Financial Group downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their price target for the company from $136.00 to $127.00 in a report on Friday, August 2nd. Bank of America downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $151.00 to $126.00 in a report on Monday, July 29th. Wedbush decreased their price target on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. JMP Securities reaffirmed a “market outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $125.00 price objective (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday, October 24th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $131.22.

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.