Asset Management One Co. Ltd. Has $20.90 Million Holdings in Alexandria Real Estate Equities, Inc. $ARE

Asset Management One Co. Ltd. cut its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 287,702 shares of the real estate investment trust’s stock after selling 1,229 shares during the quarter. Asset Management One Co. Ltd. owned about 0.17% of Alexandria Real Estate Equities worth $20,896,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sound Income Strategies LLC acquired a new stake in shares of Alexandria Real Estate Equities during the second quarter worth $25,000. American National Bank & Trust acquired a new stake in shares of Alexandria Real Estate Equities during the second quarter worth $29,000. Tsfg LLC acquired a new stake in shares of Alexandria Real Estate Equities during the first quarter worth $30,000. Avalon Trust Co acquired a new stake in shares of Alexandria Real Estate Equities during the first quarter worth $32,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Alexandria Real Estate Equities during the first quarter worth $34,000. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $77.48 on Friday. The firm has a market capitalization of $13.40 billion, a P/E ratio of -595.96, a P/E/G ratio of 6.50 and a beta of 1.31. Alexandria Real Estate Equities, Inc. has a 52 week low of $67.37 and a 52 week high of $116.90. The stock has a 50 day moving average price of $81.08 and a two-hundred day moving average price of $76.95. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $1.32 per share. The ex-dividend date was Tuesday, September 30th. This represents a $5.28 annualized dividend and a yield of 6.8%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is -4,061.54%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Royal Bank Of Canada reduced their price target on shares of Alexandria Real Estate Equities from $100.00 to $98.00 and set a “sector perform” rating for the company in a report on Tuesday, July 29th. BNP Paribas cut shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 price target for the company. in a report on Wednesday, October 1st. BNP Paribas Exane restated an “underperform” rating on shares of Alexandria Real Estate Equities in a report on Wednesday, October 1st. Evercore ISI upgraded shares of Alexandria Real Estate Equities from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $91.00 to $104.00 in a report on Monday, September 15th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Friday. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $95.87.

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.