Freedom Investment Management Inc. Trims Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Freedom Investment Management Inc. reduced its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 11.6% in the third quarter, Holdings Channel reports. The firm owned 4,748 shares of the real estate investment trust’s stock after selling 623 shares during the period. Freedom Investment Management Inc.’s holdings in Alexandria Real Estate Equities were worth $564,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ARE. Townsquare Capital LLC boosted its position in Alexandria Real Estate Equities by 24.2% in the 3rd quarter. Townsquare Capital LLC now owns 2,801 shares of the real estate investment trust’s stock valued at $333,000 after buying an additional 545 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Alexandria Real Estate Equities by 114.9% during the third quarter. BNP Paribas Financial Markets now owns 435,416 shares of the real estate investment trust’s stock valued at $51,706,000 after acquiring an additional 232,817 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Alexandria Real Estate Equities in the third quarter valued at approximately $75,000. Quantbot Technologies LP bought a new position in Alexandria Real Estate Equities in the third quarter worth approximately $4,298,000. Finally, The Manufacturers Life Insurance Company increased its holdings in Alexandria Real Estate Equities by 0.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 121,648 shares of the real estate investment trust’s stock worth $14,446,000 after purchasing an additional 948 shares during the period. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE opened at $110.17 on Friday. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $102.89 and a fifty-two week high of $135.45. The company has a market cap of $19.25 billion, a PE ratio of 67.18, a P/E/G ratio of 4.14 and a beta of 1.16. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20. The business has a 50-day simple moving average of $114.35 and a two-hundred day simple moving average of $117.07.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $766.97 million. During the same quarter last year, the business earned $2.26 earnings per share. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $1.30 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a yield of 4.72%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 317.07%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ARE shares. Jefferies Financial Group downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price target for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. Robert W. Baird cut their target price on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Wedbush lowered their price target on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Evercore ISI cut their price objective on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $125.00 target price (down previously from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday, October 24th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $126.73.

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.