Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC lessened its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 2.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,941 shares of the real estate investment trust’s stock after selling 282 shares during the period. Copeland Capital Management LLC’s holdings in Alexandria Real Estate Equities were worth $1,181,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Arbor Capital Management Inc. ADV increased its holdings in shares of Alexandria Real Estate Equities by 1.1% in the 2nd quarter. Arbor Capital Management Inc. ADV now owns 8,639 shares of the real estate investment trust’s stock worth $1,000,000 after acquiring an additional 93 shares during the period. SPC Financial Inc. increased its holdings in shares of Alexandria Real Estate Equities by 5.4% in the 1st quarter. SPC Financial Inc. now owns 1,950 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 100 shares during the period. Oregon Public Employees Retirement Fund grew its position in Alexandria Real Estate Equities by 0.7% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,544 shares of the real estate investment trust’s stock valued at $1,584,000 after buying an additional 100 shares in the last quarter. Presima Securities ULC grew its position in Alexandria Real Estate Equities by 0.9% in the 3rd quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust’s stock valued at $1,392,000 after buying an additional 100 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Alexandria Real Estate Equities by 7.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,414 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 103 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

Shares of ARE opened at $117.97 on Wednesday. The firm has a market cap of $20.63 billion, a PE ratio of 110.25, a PEG ratio of 3.99 and a beta of 1.16. The firm’s 50 day moving average price is $119.05 and its 200 day moving average price is $118.78. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23. Alexandria Real Estate Equities, Inc. has a twelve month low of $90.73 and a twelve month high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing the consensus estimate of $2.38 by ($1.42). Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The company had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. During the same quarter last year, the business earned $2.26 EPS. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, 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 business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $1.30 per share. The ex-dividend date was Monday, September 30th. This represents a $5.20 annualized dividend and a yield of 4.41%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 485.98%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ARE shares. Jefferies Financial Group lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their target price for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. Royal Bank of Canada reduced their price objective on shares of Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Citigroup lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $130.00 to $125.00 in a research report on Friday, September 13th. Wedbush lowered shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $140.00 to $130.00 in a research report on Wednesday, July 24th. Finally, Bank of America lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $151.00 to $126.00 in a research report on Monday, July 29th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $133.22.

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.