Cibc World Market Inc. Sells 265 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Cibc World Market Inc. lowered its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:AREGet Rating) by 12.6% during the second quarter, Holdings Channel reports. The fund owned 1,837 shares of the real estate investment trust’s stock after selling 265 shares during the period. Cibc World Market Inc.’s holdings in Alexandria Real Estate Equities were worth $266,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Advisor Group LLC grew its holdings in Alexandria Real Estate Equities by 10.0% during the 2nd quarter. Private Advisor Group LLC now owns 3,791 shares of the real estate investment trust’s stock worth $550,000 after acquiring an additional 344 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Alexandria Real Estate Equities by 3.9% in the 2nd quarter. Exchange Traded Concepts LLC now owns 3,108 shares of the real estate investment trust’s stock valued at $451,000 after purchasing an additional 116 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Alexandria Real Estate Equities by 51.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 16,879 shares of the real estate investment trust’s stock valued at $2,448,000 after purchasing an additional 5,755 shares during the last quarter. Eventide Asset Management LLC boosted its stake in shares of Alexandria Real Estate Equities by 58.2% in the 1st quarter. Eventide Asset Management LLC now owns 33,700 shares of the real estate investment trust’s stock valued at $6,782,000 after purchasing an additional 12,400 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Alexandria Real Estate Equities by 13.6% in the 1st quarter. State Street Corp now owns 10,367,269 shares of the real estate investment trust’s stock valued at $2,097,960,000 after purchasing an additional 1,238,751 shares during the last quarter. Institutional investors own 91.81% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE:ARE opened at $151.82 on Thursday. The company has a market capitalization of $24.91 billion, a price-to-earnings ratio of 46.15, a P/E/G ratio of 2.31 and a beta of 0.91. The firm’s 50 day simple moving average is $142.17 and its 200 day simple moving average is $150.24. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.37 and a quick ratio of 0.37. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $126.74 and a fifty-two week high of $224.95.

Alexandria Real Estate Equities (NYSE:AREGet Rating) last announced its earnings results on Tuesday, October 25th. The real estate investment trust reported $2.11 EPS for the quarter, missing the consensus estimate of $2.12 by ($0.01). The company had revenue of $659.90 million for the quarter, compared to analyst estimates of $657.48 million. Alexandria Real Estate Equities had a return on equity of 3.03% and a net margin of 21.73%. The business’s quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter last year, the business posted $1.95 earnings per share. As a group, sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 8.41 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 Friday, October 14th. Shareholders of record on Friday, September 30th were issued a dividend of $1.18 per share. The ex-dividend date was Thursday, September 29th. This represents a $4.72 annualized dividend and a yield of 3.11%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 143.47%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ARE shares. Royal Bank of Canada reduced their target price on shares of Alexandria Real Estate Equities from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, November 10th. Mizuho raised their target price on shares of Alexandria Real Estate Equities from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Monday, September 12th. BTIG Research reduced their target price on shares of Alexandria Real Estate Equities from $233.00 to $186.00 in a research note on Wednesday, October 19th. Evercore ISI cut their price target on shares of Alexandria Real Estate Equities from $194.00 to $182.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 27th. Finally, JMP Securities reiterated a “buy” rating and issued a $180.00 price target on shares of Alexandria Real Estate Equities in a research report on Thursday, October 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $177.67.

Alexandria Real Estate Equities Profile

(Get Rating)

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> urban office real estate investment trust ("REIT"), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet ("SF").

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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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