Zurcher Kantonalbank Zurich Cantonalbank Has $17.46 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 149,226 shares of the real estate investment trust’s stock after selling 2,399 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.09% of Alexandria Real Estate Equities worth $17,455,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ARE. Arkadios Wealth Advisors bought a new position in Alexandria Real Estate Equities in the second quarter valued at approximately $314,000. Whittier Trust Co. of Nevada Inc. lifted its position in Alexandria Real Estate Equities by 4.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 44,548 shares of the real estate investment trust’s stock valued at $5,211,000 after acquiring an additional 1,723 shares in the last quarter. Whittier Trust Co. lifted its holdings in shares of Alexandria Real Estate Equities by 4.5% in the second quarter. Whittier Trust Co. now owns 81,973 shares of the real estate investment trust’s stock valued at $9,588,000 after purchasing an additional 3,503 shares in the last quarter. HB Wealth Management LLC lifted its holdings in shares of Alexandria Real Estate Equities by 61.3% in the second quarter. HB Wealth Management LLC now owns 2,585 shares of the real estate investment trust’s stock valued at $302,000 after purchasing an additional 982 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Alexandria Real Estate Equities by 350.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 33,626 shares of the real estate investment trust’s stock worth $3,933,000 after buying an additional 26,160 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $4.21, for a total transaction of $631,500.00. Following the transaction, the insider now owns 6,005,077 shares in the company, valued at approximately $25,281,374.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.15% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on ARE shares. Jefferies Financial Group cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. Evercore ISI upped their price objective on Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a research report on Wednesday. Wedbush cut Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $140.00 to $130.00 in a research report on Wednesday, July 24th. JMP Securities reaffirmed a “market outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Finally, Royal Bank of Canada reduced their price objective 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. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of “Hold” and an average price target of $131.33.

Alexandria Real Estate Equities Stock Up 0.1 %

NYSE ARE traded up $0.13 during trading hours on Friday, hitting $117.95. 212,893 shares of the company traded hands, compared to its average volume of 914,498. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23. The business’s 50-day moving average is $117.94 and its 200-day moving average is $119.83. The stock has a market capitalization of $20.63 billion, a price-to-earnings ratio of 111.19, a P/E/G ratio of 4.00 and a beta of 1.15. Alexandria Real Estate Equities, Inc. has a twelve month low of $90.73 and a twelve month high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The business had revenue of $766.70 million for the quarter, compared to analyst estimates of $775.03 million. During the same period in the previous year, the firm posted $2.24 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. Sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.48 earnings per share for the current year.

Alexandria Real Estate Equities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date was Friday, June 28th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. Alexandria Real Estate Equities’s payout ratio is currently 485.98%.

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.