OVERSEA CHINESE BANKING Corp Ltd Trims Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

OVERSEA CHINESE BANKING Corp Ltd lowered its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 46.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,651 shares of the real estate investment trust’s stock after selling 23,667 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Alexandria Real Estate Equities were worth $3,284,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Apollon Wealth Management LLC boosted its stake in shares of Alexandria Real Estate Equities by 29.9% during the third quarter. Apollon Wealth Management LLC now owns 2,553 shares of the real estate investment trust’s stock valued at $303,000 after purchasing an additional 587 shares during the period. Venturi Wealth Management LLC increased its stake in Alexandria Real Estate Equities by 144.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 180 shares during the period. Ashton Thomas Securities LLC bought a new stake in Alexandria Real Estate Equities during the 3rd quarter valued at about $30,000. Los Angeles Capital Management LLC boosted its position in Alexandria Real Estate Equities by 513.0% in the 3rd quarter. Los Angeles Capital Management LLC now owns 126,733 shares of the real estate investment trust’s stock valued at $15,050,000 after buying an additional 106,060 shares during the period. Finally, Atria Investments Inc grew its stake in Alexandria Real Estate Equities by 33.2% in the 3rd quarter. Atria Investments Inc now owns 30,262 shares of the real estate investment trust’s stock worth $3,594,000 after acquiring an additional 7,551 shares in the last quarter. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Down 2.7 %

Shares of ARE stock opened at $108.33 on Wednesday. The stock has a 50 day simple moving average of $117.87 and a 200-day simple moving average of $118.10. Alexandria Real Estate Equities, Inc. has a 1-year low of $93.17 and a 1-year high of $135.45. The company has a market cap of $18.93 billion, a price-to-earnings ratio of 66.05, a PEG ratio of 4.27 and a beta of 1.16. 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 posted its quarterly earnings data 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 return on equity of 1.31% and a net margin of 9.62%. The company had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. During the same quarter in the prior year, the company posted $2.26 earnings per share. The business’s revenue was up 10.9% on a year-over-year basis. On average, equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.48 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is currently 317.07%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ARE shares. Jefferies Financial Group lowered 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. Royal Bank of Canada restated a “sector perform” rating and set a $125.00 price target (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday, October 24th. BMO Capital Markets raised shares of Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Citigroup cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $130.00 to $125.00 in a report on Friday, September 13th. Finally, JMP Securities restated a “market outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Alexandria Real Estate Equities has a consensus rating of “Hold” and a consensus target price of $131.10.

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.