Sumitomo Mitsui Trust Group Inc. Grows Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 860,716 shares of the real estate investment trust’s stock after purchasing an additional 4,389 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Alexandria Real Estate Equities were worth $102,210,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new position in Alexandria Real Estate Equities during the third quarter valued at $25,000. Ashton Thomas Securities LLC purchased a new position in shares of Alexandria Real Estate Equities in the third quarter valued at about $30,000. UMB Bank n.a. lifted its position in shares of 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 valued at $32,000 after acquiring an additional 154 shares in the last quarter. Rothschild Investment LLC purchased a new position in shares of Alexandria Real Estate Equities in the second quarter valued at about $33,000. Finally, Venturi Wealth Management LLC lifted its position in shares of Alexandria Real Estate Equities by 144.0% in the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 180 shares in the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wedbush lowered their price objective on Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. JMP Securities restated a “market outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Bank of America downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $151.00 to $126.00 in a research report on Monday, July 29th. BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. Finally, Evercore ISI decreased their target price on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 23rd. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Alexandria Real Estate Equities presently has a consensus rating of “Hold” and an average price target of $131.10.

Alexandria Real Estate Equities Trading Up 0.6 %

Shares of NYSE ARE opened at $109.03 on Thursday. The business’s 50 day moving average is $117.67 and its two-hundred day moving average is $118.05. 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 $98.55 and a 1-year high of $135.45. The stock has a market capitalization of $19.05 billion, a P/E ratio of 66.48, a PEG ratio of 4.05 and a beta of 1.16.

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

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $1.30 per share. The ex-dividend date was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.77%. Alexandria Real Estate Equities’s dividend payout ratio is 317.07%.

Alexandria Real Estate Equities 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.