Duff & Phelps Investment Management Co. Cuts Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Duff & Phelps Investment Management Co. lowered its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 79.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 45,490 shares of the real estate investment trust’s stock after selling 177,044 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Alexandria Real Estate Equities were worth $5,321,000 as of its most recent filing with the SEC.

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

Alexandria Real Estate Equities Price Performance

Shares of ARE opened at $121.02 on Friday. The firm has a market cap of $21.16 billion, a price-to-earnings ratio of 113.10, a PEG ratio of 4.26 and a beta of 1.16. 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 50 day moving average of $118.46 and a 200-day moving average of $119.73. 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:ARE) last released its quarterly earnings data 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). The business had revenue of $766.70 million for the quarter, compared to analyst estimates of $775.03 million. Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. Alexandria Real Estate Equities’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.24 EPS. As a group, analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $1.30 per share. The ex-dividend date is Monday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 4.30%. Alexandria Real Estate Equities’s dividend payout ratio is currently 485.98%.

Analyst Ratings Changes

Several brokerages have recently weighed in on ARE. 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. Royal Bank of Canada dropped their price objective on shares of Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. Jefferies Financial Group lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price objective for the stock from $136.00 to $127.00 in a report on Friday, August 2nd. Citigroup downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their target price for the company from $130.00 to $125.00 in a research note on Friday, September 13th. Finally, BMO Capital Markets raised Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $130.70.

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.