Envestnet Asset Management Inc. Has $27.29 Million Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Envestnet Asset Management Inc. lessened its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 17.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 233,281 shares of the real estate investment trust’s stock after selling 48,095 shares during the period. Envestnet Asset Management Inc. owned approximately 0.13% of Alexandria Real Estate Equities worth $27,287,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Alexandria Real Estate Equities by 0.6% during the first quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock valued at $3,452,814,000 after buying an additional 156,643 shares during the last quarter. APG Asset Management US Inc. raised its stake in shares of Alexandria Real Estate Equities by 0.5% in the fourth quarter. APG Asset Management US Inc. now owns 7,216,689 shares of the real estate investment trust’s stock valued at $914,860,000 after buying an additional 39,243 shares during the period. M&G Plc raised its stake in shares of Alexandria Real Estate Equities by 4.9% in the second quarter. M&G Plc now owns 1,659,092 shares of the real estate investment trust’s stock valued at $194,114,000 after buying an additional 77,686 shares during the period. Jennison Associates LLC raised its stake in shares of Alexandria Real Estate Equities by 0.7% in the first quarter. Jennison Associates LLC now owns 1,017,986 shares of the real estate investment trust’s stock valued at $131,229,000 after buying an additional 7,043 shares during the period. Finally, CCLA Investment Management raised its stake in shares of Alexandria Real Estate Equities by 10.0% in the first quarter. CCLA Investment Management now owns 802,116 shares of the real estate investment trust’s stock valued at $102,637,000 after buying an additional 73,123 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $121.25 on Friday. The business’s fifty day simple moving average is $118.90 and its two-hundred day simple moving average is $119.83. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a 12 month low of $90.73 and a 12 month high of $135.45. The company has a market cap of $21.20 billion, a price-to-earnings ratio of 113.32, a P/E/G ratio of 4.20 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share 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 company had revenue of $766.70 million for the quarter, compared to analysts’ expectations of $775.03 million. During the same quarter last year, the firm posted $2.24 earnings per share. Alexandria Real Estate Equities’s revenue for the quarter was up 7.4% on a year-over-year basis. Research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $1.30 per share. The ex-dividend date is Monday, September 30th. This represents a $5.20 annualized dividend and a yield of 4.29%. Alexandria Real Estate Equities’s payout ratio is currently 485.98%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ARE shares. Royal Bank of Canada reduced their price target on 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. Wedbush cut Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $140.00 to $130.00 in a research report on Wednesday, July 24th. Bank of America cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $151.00 to $126.00 in a report on Monday, July 29th. Citigroup cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $130.00 to $125.00 in a report on Friday, September 13th. Finally, Jefferies Financial Group cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price objective for the stock from $136.00 to $127.00 in a report on Friday, August 2nd. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $130.70.

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.