Cibc World Market Inc. Sells 265 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Cibc World Market Inc. trimmed its holdings in Alexandria Real Estate Equities, Inc. (NYSE:AREGet Rating) by 12.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,837 shares of the real estate investment trust’s stock after selling 265 shares during the period. Cibc World Market Inc.’s holdings in Alexandria Real Estate Equities were worth $266,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ARE. JPMorgan Chase & Co. grew its position in Alexandria Real Estate Equities by 45.6% in the first quarter. JPMorgan Chase & Co. now owns 4,417,362 shares of the real estate investment trust’s stock worth $888,995,000 after acquiring an additional 1,383,240 shares in the last quarter. State Street Corp boosted its holdings in shares of Alexandria Real Estate Equities by 13.6% during the 1st quarter. State Street Corp now owns 10,367,269 shares of the real estate investment trust’s stock worth $2,097,960,000 after buying an additional 1,238,751 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Alexandria Real Estate Equities by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 24,897,323 shares of the real estate investment trust’s stock worth $5,010,585,000 after buying an additional 1,114,118 shares during the period. Parnassus Investments LLC boosted its holdings in shares of Alexandria Real Estate Equities by 41.1% during the 1st quarter. Parnassus Investments LLC now owns 3,459,409 shares of the real estate investment trust’s stock worth $696,206,000 after buying an additional 1,008,054 shares during the period. Finally, Centersquare Investment Management LLC boosted its holdings in shares of Alexandria Real Estate Equities by 188.7% during the 1st quarter. Centersquare Investment Management LLC now owns 1,341,308 shares of the real estate investment trust’s stock worth $269,938,000 after buying an additional 876,725 shares during the period. 91.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ARE. Evercore ISI decreased their price objective on shares of Alexandria Real Estate Equities from $194.00 to $182.00 and set an “outperform” rating for the company in a report on Tuesday, September 27th. Mizuho upped their price objective on shares of Alexandria Real Estate Equities from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Monday, September 12th. StockNews.com began coverage on shares of Alexandria Real Estate Equities in a report on Wednesday, October 12th. They set a “sell” rating for the company. BTIG Research cut their target price on shares of Alexandria Real Estate Equities from $233.00 to $186.00 in a research note on Wednesday, October 19th. Finally, Royal Bank of Canada cut their target price on shares of Alexandria Real Estate Equities from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, November 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $177.67.

Alexandria Real Estate Equities Price Performance

NYSE:ARE opened at $151.82 on Thursday. Alexandria Real Estate Equities, Inc. has a one year low of $126.74 and a one year high of $224.95. The stock has a market cap of $24.91 billion, a P/E ratio of 46.15, a PEG ratio of 2.31 and a beta of 0.91. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.37 and a quick ratio of 0.37. The company has a fifty day moving average price of $142.17 and a 200 day moving average price of $150.24.

Alexandria Real Estate Equities (NYSE:AREGet Rating) last announced its quarterly earnings data on Tuesday, October 25th. The real estate investment trust reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.01). Alexandria Real Estate Equities had a net margin of 21.73% and a return on equity of 3.03%. The business had revenue of $659.90 million during the quarter, compared to analyst estimates of $657.48 million. During the same quarter in the prior year, the company posted $1.95 EPS. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. Analysts anticipate that Alexandria Real Estate Equities, Inc. will post 8.41 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were paid a $1.18 dividend. This represents a $4.72 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend was Thursday, September 29th. Alexandria Real Estate Equities’s dividend payout ratio is 143.47%.

About Alexandria Real Estate Equities

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Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> urban office real estate investment trust ("REIT"), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet ("SF").

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

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