Crossmark Global Holdings Inc. Sells 523 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Crossmark Global Holdings Inc. decreased its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 9.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,064 shares of the real estate investment trust’s stock after selling 523 shares during the period. Crossmark Global Holdings Inc.’s holdings in Alexandria Real Estate Equities were worth $602,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ARE. Catalyst Capital Advisors LLC bought a new stake in Alexandria Real Estate Equities during the 3rd quarter valued at approximately $25,000. UMB Bank n.a. grew its stake in Alexandria Real Estate Equities by 132.8% in the second 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 purchased a new stake in Alexandria Real Estate Equities in the second quarter worth $33,000. Global X Japan Co. Ltd. bought a new position in Alexandria Real Estate Equities in the second quarter worth $43,000. Finally, M&R Capital Management Inc. purchased a new position in Alexandria Real Estate Equities during the third quarter valued at $50,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ARE shares. Bank of America lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $151.00 to $126.00 in a research note on Monday, July 29th. Wedbush decreased their target price on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. JMP Securities dropped their price target on Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating on the stock in a research report on Friday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $125.00 price objective (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday, October 24th. Finally, Robert W. Baird dropped their target price on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $127.30.

Alexandria Real Estate Equities Trading Down 2.5 %

Shares of NYSE:ARE opened at $105.55 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. Alexandria Real Estate Equities, Inc. has a 1 year low of $102.24 and a 1 year high of $135.45. The company has a market cap of $18.45 billion, a P/E ratio of 64.38, a PEG ratio of 4.08 and a beta of 1.16. The stock’s fifty day moving average price is $117.32 and its 200-day moving average price is $117.92.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($1.42). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The company had revenue of $791.60 million for the quarter, compared to the consensus estimate of $766.97 million. During the same quarter in the prior year, the company posted $2.26 EPS. Alexandria Real Estate Equities’s revenue was up 10.9% on a year-over-year basis. Sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 317.07%.

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.