Bamco Inc. NY Decreases Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Bamco Inc. NY cut its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 19.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 840,155 shares of the real estate investment trust’s stock after selling 205,075 shares during the quarter. Bamco Inc. NY owned 0.48% of Alexandria Real Estate Equities worth $99,768,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ARE. Catalyst Capital Advisors LLC bought a new position in shares of Alexandria Real Estate Equities during the third quarter valued at $25,000. Ashton Thomas Securities LLC bought a new position in Alexandria Real Estate Equities during the 3rd quarter valued at about $30,000. UMB Bank n.a. grew its stake in shares of Alexandria Real Estate Equities by 132.8% in the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 154 shares during the period. Rothschild Investment LLC purchased a new position in shares of Alexandria Real Estate Equities during the second quarter valued at approximately $33,000. Finally, Venturi Wealth Management LLC lifted its position in Alexandria Real Estate Equities by 144.0% during the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 180 shares during the period. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $110.23 on Monday. The company has a market capitalization of $19.26 billion, a P/E ratio of 67.21, a P/E/G ratio of 4.13 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 1-year low of $102.89 and a 1-year high of $135.45. The firm’s 50 day simple moving average is $114.35 and its two-hundred day simple moving average is $116.96. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20.

Alexandria Real Estate Equities (NYSE:ARE) last released 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). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The firm had revenue of $791.60 million for the quarter, compared to analysts’ expectations of $766.97 million. During the same quarter last year, the firm posted $2.26 EPS. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. Research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is currently 317.07%.

Analysts Set New Price Targets

ARE has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their target price for the stock from $135.00 to $112.00 in a research report on Friday, November 15th. Wedbush reduced their price objective on Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Robert W. Baird lowered their target price on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Finally, JPMorgan Chase & Co. cut shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $126.73.

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.