Axa S.A. Sells 14,215 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Axa S.A. lessened its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 6.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 221,771 shares of the real estate investment trust’s stock after selling 14,215 shares during the period. Axa S.A. owned 0.13% of Alexandria Real Estate Equities worth $25,941,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Mather Group LLC. bought a new position in shares of Alexandria Real Estate Equities in the first quarter worth about $30,000. UMB Bank n.a. boosted 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 bought a new position in shares of Alexandria Real Estate Equities in the second quarter worth about $33,000. Riverview Trust Co bought a new position in shares of Alexandria Real Estate Equities in the first quarter worth about $37,000. Finally, Global X Japan Co. Ltd. bought a new position in shares of Alexandria Real Estate Equities in the second quarter worth about $43,000. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

NYSE:ARE opened at $121.54 on Friday. The firm has a market capitalization of $21.26 billion, a price-to-earnings ratio of 113.59, a PEG ratio of 4.26 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 1 year low of $90.73 and a 1 year high of $135.45. The business has a 50 day simple moving average of $118.64 and a 200-day simple moving average of $119.80. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.23 and a quick ratio of 0.23.

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

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend is Monday, September 30th. Alexandria Real Estate Equities’s payout ratio is 485.98%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada dropped their price objective on Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, August 5th. Evercore ISI upped their price objective 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. Bank of America downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $151.00 to $126.00 in a research report on Monday, July 29th. Wedbush downgraded Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $140.00 to $130.00 in a research report on Wednesday, July 24th. Finally, Citigroup downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $130.00 to $125.00 in a research report on Friday, September 13th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $130.70.

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.