Mutual of America Capital Management LLC sells 1,386 shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Mutual of America Capital Management LLC reduced its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 3.1% during the second quarter, HoldingsChannel reports. The firm owned 42,842 shares of the real estate investment trust’s stock after selling 1,386 shares during the period. Mutual of America Capital Management LLC’s holdings in Alexandria Real Estate Equities were worth $5,011,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Alexandria Real Estate Equities by 275.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 171 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Alexandria Real Estate Equities in the first quarter worth approximately $30,000. UMB Bank na grew its holdings in Alexandria Real Estate Equities by 132.8% in the second quarter. UMB Bank now owns 270 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 154 shares during the last quarter. Rothschild Investment LLC bought a new position in Alexandria Real Estate Equities in the second quarter valued at approximately $33,000. Finally, Riverview Trust Co bought a new position in Alexandria Real Estate Equities during the first quarter valued at about $37,000. Institutional investors and hedge funds own 96.54% of the company’s shares.

Changes in Analyst Ratings

A number of equities research analysts have recently issued reports on ARE shares. 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 report on Wednesday, July 24th . Bank of America cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $151.00 to $126.00 in a report on Monday. July 29. Evercore ISI raised their target price on Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a report on Wednesday, August 28th. JMP Securities reissued a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Finally, Royal Bank of Canada cut their price target on shares of 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 5. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $130.70, according to MarketBeat.

Check out our latest Alexandria real estate stock report

Alexandria real estate stock price performance

Shares of ARE stock opened at $121.25 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.23, and a debt-to-equity ratio of 0.55. The stock has a market cap of $21.20 billion, a PE ratio of 113.32, a PEG ratio of 4.20 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 12-month low of $90.73 and a 12-month high of $135.45. The company has a 50 day simple moving average of $118.90 and a two hundred day simple moving average of $119.83.

Alexandria Real Estate Equities (NYSE:ARE – Get Free Report ) last posted its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $775.03 million. During the same period in the previous year, the company earned $2.24 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. Analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $1.30 per share. The ex-dividend date is Monday, September 30. This represents a dividend of $5.20 on an annualized basis and a dividend yield of 4.29%. Alexandria Real Estate Equities’ dividend payout ratio (DPR) is currently 485.98%.

Alexandria Real Estate Equities Company Profile

(Free Report)

Alexandria Real Estate Equities, Inc (NYSE: ARE ), an S&P 500 company, is a leading mission-driven life sciences REIT that makes a positive and lasting impact on the world. As a pioneer of the life sciences real estate niche since our founding in 1994, Alexandria is the preeminent and longest-running owner, operator and developer of collaborative life science, agtech and advanced technology megacampuses in innovation cluster locations AAA, including Greater Boston, San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and the Research Triangle.

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