Nisa Investment Advisors LLC Sells 8,998 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Nisa Investment Advisors LLC cut its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 13.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,813 shares of the real estate investment trust’s stock after selling 8,998 shares during the period. Nisa Investment Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $6,829,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norden Group LLC bought a new position in shares of Alexandria Real Estate Equities during the 1st quarter valued at about $963,000. First Trust Direct Indexing L.P. boosted its holdings in shares of Alexandria Real Estate Equities by 20.7% in the first quarter. First Trust Direct Indexing L.P. now owns 3,131 shares of the real estate investment trust’s stock valued at $404,000 after buying an additional 537 shares during the period. Maryland State Retirement & Pension System increased its position in shares of Alexandria Real Estate Equities by 3.9% during the first quarter. Maryland State Retirement & Pension System now owns 13,610 shares of the real estate investment trust’s stock worth $1,754,000 after acquiring an additional 516 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in shares of Alexandria Real Estate Equities by 56.0% during the first quarter. Ashton Thomas Private Wealth LLC now owns 10,775 shares of the real estate investment trust’s stock worth $1,389,000 after acquiring an additional 3,868 shares during the period. Finally, HB Wealth Management LLC bought a new stake in Alexandria Real Estate Equities in the 1st quarter valued at $207,000. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Price Performance

NYSE:ARE opened at $111.55 on Friday. The stock has a market capitalization of $19.51 billion, a PE ratio of 104.25, a P/E/G ratio of 3.99 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 firm has a fifty day simple moving average of $118.87 and a 200 day simple moving average of $118.34. 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 announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). The firm had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The business’s revenue was up 10.9% on a year-over-year basis. During the same period last year, the business earned $2.26 EPS. On average, research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $1.30 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 annualized dividend and a yield of 4.66%. Alexandria Real Estate Equities’s dividend payout ratio is 485.98%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ARE shares. Evercore ISI lowered their target price on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a report on Wednesday, October 23rd. Wedbush dropped their target price on Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Jefferies Financial Group cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their target price for the company from $136.00 to $127.00 in a research note on Friday, August 2nd. JMP Securities reaffirmed a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Finally, Citigroup lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $130.00 to $125.00 in a research report on Friday, September 13th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $131.22.

About Alexandria Real Estate Equities

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.