Allianz Asset Management GmbH Reduces Holdings in Alexandria Real Estate Equities, Inc. $ARE

Allianz Asset Management GmbH decreased its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 16.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 158,837 shares of the real estate investment trust’s stock after selling 30,529 shares during the period. Allianz Asset Management GmbH owned about 0.09% of Alexandria Real Estate Equities worth $11,536,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA increased its stake in Alexandria Real Estate Equities by 19.2% during the 1st quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust’s stock worth $86,000 after buying an additional 149 shares during the period. American Assets Investment Management LLC purchased a new stake in Alexandria Real Estate Equities during the 1st quarter worth $569,000. Cambridge Investment Research Advisors Inc. increased its stake in Alexandria Real Estate Equities by 4.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,795 shares of the real estate investment trust’s stock worth $1,091,000 after buying an additional 463 shares during the period. Cetera Investment Advisers increased its stake in Alexandria Real Estate Equities by 15.4% during the 1st quarter. Cetera Investment Advisers now owns 29,977 shares of the real estate investment trust’s stock worth $2,773,000 after buying an additional 3,997 shares during the period. Finally, Sequoia Financial Advisors LLC grew its holdings in Alexandria Real Estate Equities by 22.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,620 shares of the real estate investment trust’s stock worth $242,000 after acquiring an additional 477 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Up 0.1%

NYSE ARE opened at $76.82 on Wednesday. Alexandria Real Estate Equities, Inc. has a one year low of $67.37 and a one year high of $121.20. The company has a 50-day simple moving average of $80.95 and a 200-day simple moving average of $76.94. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23. The firm has a market capitalization of $13.29 billion, a PE ratio of -590.92, a price-to-earnings-growth ratio of 6.44 and a beta of 1.31.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $2.33 EPS for the quarter, beating the consensus estimate of $2.29 by $0.04. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The business had revenue of $737.28 million during the quarter, compared to analyst estimates of $748.02 million. During the same period in the previous year, the business posted $2.36 EPS. The company’s quarterly revenue was down .6% on a year-over-year basis. On average, equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $1.32 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $5.28 annualized dividend and a dividend yield of 6.9%. Alexandria Real Estate Equities’s payout ratio is -4,061.54%.

Analysts Set New Price Targets

Several research analysts have weighed in on ARE shares. BNP Paribas Exane reissued an “underperform” rating on shares of Alexandria Real Estate Equities in a report on Wednesday, October 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Wednesday, October 8th. BMO Capital Markets started coverage on shares of Alexandria Real Estate Equities in a report on Tuesday, September 23rd. They set an “outperform” rating and a $100.00 price objective for the company. Cantor Fitzgerald decreased their price objective on shares of Alexandria Real Estate Equities from $88.00 to $79.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Finally, Evercore ISI raised shares of Alexandria Real Estate Equities from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $91.00 to $104.00 in a report on Monday, September 15th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $95.87.

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.