Mutual of America Capital Management LLC Sells 1,386 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Mutual of America Capital Management LLC lowered its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 3.1% in the second quarter, HoldingsChannel reports. The firm owned 42,842 shares of the real estate investment trust’s stock after selling 1,386 shares during the period. Mutual of America Capital Management LLC’s holdings in Alexandria Real Estate Equities were worth $5,011,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its holdings in shares of Alexandria Real Estate Equities by 275.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 171 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Alexandria Real Estate Equities during the 1st quarter worth about $30,000. UMB Bank n.a. grew its stake in Alexandria Real Estate Equities by 132.8% in the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 154 shares during the last quarter. Rothschild Investment LLC bought a new position in Alexandria Real Estate Equities in the 2nd quarter valued at about $33,000. Finally, Riverview Trust Co bought a new position in Alexandria Real Estate Equities in the 1st quarter valued at about $37,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ARE shares. Wedbush cut Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $140.00 to $130.00 in a report on Wednesday, July 24th. Bank of America lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $151.00 to $126.00 in a report on Monday, July 29th. Evercore ISI lifted their target price on Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a report on Wednesday, August 28th. JMP Securities reissued a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Finally, Royal Bank of Canada lowered their price target on shares of 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. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $130.70.

Alexandria Real Estate Equities Price Performance

Shares of ARE opened at $121.25 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.55. The stock has a market cap of $21.20 billion, a PE ratio of 113.32, a PEG ratio of 4.20 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 12-month low of $90.73 and a 12-month high of $135.45. The business has a 50-day simple moving average of $118.90 and a two-hundred day simple moving average of $119.83.

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 (EPS) for the quarter, missing the consensus estimate of $2.34 by ($2.09). Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The firm had revenue of $766.70 million during the quarter, compared to analyst estimates of $775.03 million. During the same period in the prior year, the company earned $2.24 EPS. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. Analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $1.30 per share. The ex-dividend date 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 (DPR) is presently 485.98%.

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.