Crossmark Global Holdings Inc. Trims Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Crossmark Global Holdings Inc. lessened its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 9.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 5,064 shares of the real estate investment trust’s stock after selling 523 shares during the period. Crossmark Global Holdings Inc.’s holdings in Alexandria Real Estate Equities were worth $602,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Arbor Capital Management Inc. ADV increased its holdings in Alexandria Real Estate Equities by 1.1% during the second quarter. Arbor Capital Management Inc. ADV now owns 8,639 shares of the real estate investment trust’s stock valued at $1,000,000 after buying an additional 93 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Alexandria Real Estate Equities by 0.7% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,544 shares of the real estate investment trust’s stock worth $1,584,000 after purchasing an additional 100 shares in the last quarter. Presima Securities ULC raised its holdings in Alexandria Real Estate Equities by 0.9% in the 3rd quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust’s stock worth $1,392,000 after purchasing an additional 100 shares during the period. GAMMA Investing LLC lifted its position in Alexandria Real Estate Equities by 7.9% during the second quarter. GAMMA Investing LLC now owns 1,414 shares of the real estate investment trust’s stock valued at $165,000 after purchasing an additional 103 shares in the last quarter. Finally, PFG Investments LLC grew its holdings in Alexandria Real Estate Equities by 5.1% during the second quarter. PFG Investments LLC now owns 2,392 shares of the real estate investment trust’s stock valued at $280,000 after purchasing an additional 115 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

NYSE:ARE opened at $105.55 on Friday. The company has a market capitalization of $18.45 billion, a P/E ratio of 64.38, a P/E/G ratio of 4.08 and a beta of 1.16. The business’s 50-day moving average is $117.32 and its 200 day moving average is $117.92. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. Alexandria Real Estate Equities, Inc. has a 12 month low of $102.24 and a 12 month high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last posted 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 net margin of 9.62% and a return on equity of 1.31%. The firm had revenue of $791.60 million for the quarter, compared to the consensus estimate of $766.97 million. During the same quarter in the prior year, the company posted $2.26 earnings per share. The firm’s revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal 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 issued 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 4.93%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 317.07%.

Wall Street Analyst Weigh In

ARE has been the topic of a number of analyst reports. Jefferies Financial Group cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their price objective for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. Evercore ISI lowered their price target 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. Robert W. Baird decreased their price objective 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. 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 report on Friday, September 13th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $125.00 price target (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday, October 24th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Alexandria Real Estate Equities presently has a consensus rating of “Hold” and an average target price of $127.30.

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.