Alexandria Real Estate Equities, Inc. $ARE Shares Sold by TD Asset Management Inc

TD Asset Management Inc lowered its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 18.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 121,328 shares of the real estate investment trust's stock after selling 27,817 shares during the period. TD Asset Management Inc owned about 0.07% of Alexandria Real Estate Equities worth $8,812,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sound Income Strategies LLC acquired a new stake in shares of Alexandria Real Estate Equities during the second quarter worth about $25,000. American National Bank & Trust acquired a new stake in shares of Alexandria Real Estate Equities during the second quarter worth about $29,000. Tsfg LLC acquired a new stake in shares of Alexandria Real Estate Equities during the first quarter worth about $30,000. Avalon Trust Co acquired a new stake in shares of Alexandria Real Estate Equities during the first quarter worth about $32,000. Finally, TruNorth Capital Management LLC acquired a new position in Alexandria Real Estate Equities in the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 96.54% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ARE shares. BMO Capital Markets started coverage on Alexandria Real Estate Equities in a research report on Tuesday, September 23rd. They issued an "outperform" rating and a $100.00 price target on the stock. Cantor Fitzgerald dropped their price target on Alexandria Real Estate Equities from $88.00 to $79.00 and set a "neutral" rating on the stock in a research report on Monday, October 13th. Weiss Ratings restated a "sell (d)" rating on shares of Alexandria Real Estate Equities in a research report on Wednesday, October 8th. Royal Bank Of Canada dropped their price target on Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating on the stock in a research report on Tuesday, July 29th. Finally, Jefferies Financial Group started coverage on Alexandria Real Estate Equities in a research report on Monday, October 6th. They issued a "hold" rating and a $80.00 price target on the stock. Four investment 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's stock. Based on data from MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of "Hold" and an average target price of $95.87.

Alexandria Real Estate Equities Price Performance

Shares of ARE opened at $75.07 on Monday. Alexandria Real Estate Equities, Inc. has a twelve month low of $67.37 and a twelve month high of $122.25. The stock's 50 day moving average is $80.79 and its two-hundred day moving average is $76.97. The firm has a market capitalization of $12.98 billion, a PE ratio of -577.45, a P/E/G ratio of 6.30 and a beta of 1.31. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.61.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share for the quarter, beating analysts' consensus estimates of $2.29 by $0.04. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%.The company had revenue of $737.28 million for the quarter, compared to analyst estimates of $748.02 million. During the same quarter in the previous year, the company earned $2.36 EPS. The firm's revenue for the quarter was down .6% compared to the same quarter last year. Research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend was Tuesday, September 30th. Alexandria Real Estate Equities's payout ratio is currently -4,061.54%.

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.

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