Macquarie Group Ltd. Sells 67,879 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Macquarie Group Ltd. lessened its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 9.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 615,925 shares of the real estate investment trust’s stock after selling 67,879 shares during the period. Macquarie Group Ltd. owned 0.36% of Alexandria Real Estate Equities worth $79,693,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Alexandria Real Estate Equities by 8.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 4,377 shares of the real estate investment trust’s stock valued at $881,000 after purchasing an additional 348 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Alexandria Real Estate Equities by 242.4% in the 1st quarter. American Century Companies Inc. now owns 4,499 shares of the real estate investment trust’s stock valued at $906,000 after purchasing an additional 3,185 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Alexandria Real Estate Equities by 14.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,753 shares of the real estate investment trust’s stock valued at $957,000 after purchasing an additional 598 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Alexandria Real Estate Equities by 11.7% in the 1st quarter. HighTower Advisors LLC now owns 5,903 shares of the real estate investment trust’s stock valued at $1,187,000 after purchasing an additional 620 shares in the last quarter. Finally, Cetera Advisor Networks LLC boosted its holdings in shares of Alexandria Real Estate Equities by 7.3% in the 1st quarter. Cetera Advisor Networks LLC now owns 1,086 shares of the real estate investment trust’s stock valued at $219,000 after purchasing an additional 74 shares in the last quarter. Institutional investors own 86.36% of the company’s stock.

Alexandria Real Estate Equities Trading Down 0.3 %

ARE traded down $0.39 during midday trading on Wednesday, hitting $111.37. 291,156 shares of the company were exchanged, compared to its average volume of 991,972. The firm has a market capitalization of $19.27 billion, a P/E ratio of 33.16, a P/E/G ratio of 3.21 and a beta of 0.94. Alexandria Real Estate Equities, Inc. has a 1-year low of $108.81 and a 1-year high of $172.65. The firm’s 50 day moving average price is $118.87 and its 200-day moving average price is $120.90. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.49.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($1.69). Alexandria Real Estate Equities had a return on equity of 2.54% and a net margin of 20.65%. The business had revenue of $713.90 million during the quarter, compared to the consensus estimate of $700.22 million. During the same period last year, the business posted $2.10 earnings per share. The business’s revenue was up 10.9% on a year-over-year basis. As a group, equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 8.96 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a $1.24 dividend. This represents a $4.96 annualized dividend and a dividend yield of 4.45%. The ex-dividend date of this dividend is Thursday, September 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 147.18%.

Analyst Ratings Changes

ARE has been the topic of several recent research reports. StockNews.com initiated coverage on Alexandria Real Estate Equities in a report on Thursday, August 17th. They set a “sell” rating on the stock. Evercore ISI cut their price objective on Alexandria Real Estate Equities from $137.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, August 16th. JMP Securities cut their price objective on Alexandria Real Estate Equities from $180.00 to $160.00 and set a “market outperform” rating on the stock in a report on Wednesday, July 26th. Finally, Jefferies Financial Group initiated coverage on Alexandria Real Estate Equities in a report on Thursday, July 20th. They set a “buy” rating and a $142.00 price objective on the stock. One research analyst has rated the stock with a sell rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $160.63.

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 its founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.