Thrivent Financial for Lutherans Raises Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Thrivent Financial for Lutherans increased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,050,991 shares of the real estate investment trust’s stock after purchasing an additional 10,576 shares during the quarter. Thrivent Financial for Lutherans owned 0.60% of Alexandria Real Estate Equities worth $122,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Sei Investments Co. boosted its stake in shares of Alexandria Real Estate Equities by 4.3% in the 2nd quarter. Sei Investments Co. now owns 14,095 shares of the real estate investment trust’s stock worth $1,649,000 after buying an additional 581 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Alexandria Real Estate Equities by 4.6% during the 2nd quarter. Pacer Advisors Inc. now owns 11,068 shares of the real estate investment trust’s stock valued at $1,295,000 after purchasing an additional 490 shares during the period. Skandinaviska Enskilda Banken AB publ increased its position in shares of Alexandria Real Estate Equities by 3.9% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 31,614 shares of the real estate investment trust’s stock valued at $3,698,000 after purchasing an additional 1,200 shares during the last quarter. Herr Investment Group LLC bought a new position in shares of Alexandria Real Estate Equities in the 2nd quarter worth approximately $2,458,000. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Alexandria Real Estate Equities by 0.9% in the second quarter. Canada Pension Plan Investment Board now owns 4,073,312 shares of the real estate investment trust’s stock worth $476,455,000 after buying an additional 35,216 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE opened at $121.25 on Friday. The company has a market cap of $21.20 billion, a price-to-earnings ratio of 113.32, a PEG ratio of 4.20 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 stock’s 50 day simple moving average is $118.90 and its two-hundred day simple moving average is $119.86. 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 issued its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The business had revenue of $766.70 million during the quarter, compared to analysts’ expectations of $775.03 million. During the same period in the previous year, the business earned $2.24 earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.29%. Alexandria Real Estate Equities’s dividend payout ratio is presently 485.98%.

Analyst Ratings Changes

A number of analysts have commented on ARE shares. Citigroup cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their target price for the company from $130.00 to $125.00 in a report on Friday, September 13th. Bank of America cut 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 report on Monday, July 29th. Evercore ISI upped their price target on Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th. Royal Bank of Canada lowered their price objective on Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Finally, Jefferies Financial Group cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their target price for the stock from $136.00 to $127.00 in a research note on Friday, August 2nd. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $130.70.

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.