Sarasin & Partners LLP Has $5.37 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Sarasin & Partners LLP boosted its stake in Alexandria Real Estate Equities, Inc. (NYSE:AREFree Report) by 7.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,256 shares of the real estate investment trust’s stock after purchasing an additional 3,257 shares during the quarter. Sarasin & Partners LLP’s holdings in Alexandria Real Estate Equities were worth $5,374,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. bought a new position in shares of Alexandria Real Estate Equities in the 1st quarter worth $30,000. UMB Bank n.a. grew its holdings in shares of Alexandria Real Estate Equities by 132.8% during the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 154 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of Alexandria Real Estate Equities during the second quarter worth about $33,000. Riverview Trust Co acquired a new stake in shares of Alexandria Real Estate Equities in the 1st quarter worth about $37,000. Finally, Global X Japan Co. Ltd. acquired a new position in Alexandria Real Estate Equities during the 2nd quarter valued at about $43,000. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Trading Up 1.5 %

Shares of ARE traded up $1.75 during mid-day trading on Friday, reaching $116.85. The company’s stock had a trading volume of 238,118 shares, compared to its average volume of 951,177. Alexandria Real Estate Equities, Inc. has a 52 week low of $90.73 and a 52 week high of $135.45. The stock has a market cap of $20.44 billion, a PE ratio of 142.11, a P/E/G ratio of 3.99 and a beta of 1.16. The company’s fifty day moving average price is $117.91 and its two-hundred day moving average price is $119.17. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.55.

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

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $1.30 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a yield of 4.45%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 641.98%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ARE. JMP Securities reiterated a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Jefferies Financial Group downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their target price for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. Royal Bank of Canada reduced their price target on Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Finally, Evercore ISI raised their target price on Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $130.70.

View Our Latest Stock Analysis on ARE

Alexandria Real Estate Equities Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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