Foresight Group Ltd Liability Partnership Decreases Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Foresight Group Ltd Liability Partnership lowered its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 11.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,463 shares of the real estate investment trust’s stock after selling 4,158 shares during the quarter. Alexandria Real Estate Equities comprises 1.6% of Foresight Group Ltd Liability Partnership’s portfolio, making the stock its 12th largest position. Foresight Group Ltd Liability Partnership’s holdings in Alexandria Real Estate Equities were worth $3,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Private Advisor Group LLC increased its position in shares of Alexandria Real Estate Equities by 5.1% during the third quarter. Private Advisor Group LLC now owns 2,651 shares of the real estate investment trust’s stock valued at $315,000 after buying an additional 129 shares during the period. Community Trust & Investment Co. increased its position in shares of Alexandria Real Estate Equities by 2.7% during the third quarter. Community Trust & Investment Co. now owns 24,499 shares of the real estate investment trust’s stock valued at $2,909,000 after buying an additional 641 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Alexandria Real Estate Equities by 38.1% during the third quarter. Sequoia Financial Advisors LLC now owns 3,238 shares of the real estate investment trust’s stock valued at $385,000 after buying an additional 893 shares during the period. Telos Capital Management Inc. grew its holdings in Alexandria Real Estate Equities by 2.9% in the third quarter. Telos Capital Management Inc. now owns 11,747 shares of the real estate investment trust’s stock worth $1,395,000 after purchasing an additional 328 shares during the period. Finally, Raleigh Capital Management Inc. grew its holdings in Alexandria Real Estate Equities by 3,932.5% in the third quarter. Raleigh Capital Management Inc. now owns 6,452 shares of the real estate investment trust’s stock worth $766,000 after purchasing an additional 6,292 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Down 1.3 %

Shares of Alexandria Real Estate Equities stock opened at $117.97 on Wednesday. The company has a market cap of $20.63 billion, a price-to-earnings ratio of 110.25, a price-to-earnings-growth ratio of 3.99 and a beta of 1.16. The company’s 50 day moving average is $119.05 and its 200 day moving average is $118.78. Alexandria Real Estate Equities, Inc. has a twelve month low of $90.73 and a twelve month high of $135.45. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.55.

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 analysts’ consensus estimates of $2.38 by ($1.42). The company had revenue of $791.60 million for the quarter, compared to the consensus estimate of $766.97 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the company earned $2.26 EPS. Research analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $1.30 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.20 annualized dividend and a yield of 4.41%. Alexandria Real Estate Equities’s payout ratio is presently 485.98%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ARE shares. Bank of America cut shares of 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 downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $130.00 to $125.00 in a research note on Friday, September 13th. JMP Securities reiterated a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Evercore ISI upped their target price on shares of Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. Finally, BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $133.22.

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.