Sumitomo Mitsui DS Asset Management Company Ltd Acquires 730 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.5% in the third quarter, Holdings Channel.com reports. The fund owned 50,000 shares of the real estate investment trust’s stock after buying an additional 730 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Alexandria Real Estate Equities were worth $5,938,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Mather Group LLC. bought a new stake in shares of Alexandria Real Estate Equities during the first quarter worth $30,000. UMB Bank n.a. increased its stake in Alexandria Real Estate Equities by 132.8% in the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 154 shares during the period. Rothschild Investment LLC purchased a new position in Alexandria Real Estate Equities in the 2nd quarter worth about $33,000. Riverview Trust Co bought a new stake in Alexandria Real Estate Equities during the 1st quarter valued at about $37,000. Finally, Global X Japan Co. Ltd. purchased a new stake in Alexandria Real Estate Equities in the 2nd quarter valued at about $43,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ARE shares. Wedbush downgraded shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $140.00 to $130.00 in a research note on Wednesday, July 24th. Jefferies Financial Group lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their target price for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. Royal Bank of Canada dropped their price target on Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. JMP Securities restated a “market outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Finally, BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $133.22.

Alexandria Real Estate Equities Stock Performance

ARE stock opened at $121.79 on Friday. Alexandria Real Estate Equities, Inc. has a one year low of $90.73 and a one year high of $135.45. The firm has a market cap of $21.30 billion, a price-to-earnings ratio of 113.82, a PEG ratio of 3.99 and a beta of 1.16. 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 firm has a 50-day simple moving average of $118.80 and a two-hundred day simple moving average of $118.88.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $766.70 million for the quarter, compared to analysts’ expectations of $775.03 million. During the same period in the previous year, the company earned $2.24 EPS. The company’s revenue was up 7.4% on a year-over-year basis. On average, equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.27%. Alexandria Real Estate Equities’s payout ratio is 485.98%.

About Alexandria Real Estate Equities

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.