Zurcher Kantonalbank Zurich Cantonalbank Cuts Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 6.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 160,251 shares of the real estate investment trust's stock after selling 10,355 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.09% of Alexandria Real Estate Equities worth $14,825,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. HB Wealth Management LLC increased its stake in Alexandria Real Estate Equities by 28.1% during the 1st quarter. HB Wealth Management LLC now owns 3,885 shares of the real estate investment trust's stock valued at $359,000 after purchasing an additional 853 shares in the last quarter. Stevens Capital Management LP bought a new stake in Alexandria Real Estate Equities during the 1st quarter valued at about $463,000. Assetmark Inc. increased its stake in Alexandria Real Estate Equities by 13.1% during the 1st quarter. Assetmark Inc. now owns 47,398 shares of the real estate investment trust's stock valued at $4,385,000 after purchasing an additional 5,483 shares in the last quarter. Cetera Investment Advisers increased its stake in Alexandria Real Estate Equities by 15.4% during the 1st quarter. Cetera Investment Advisers now owns 29,977 shares of the real estate investment trust's stock valued at $2,773,000 after purchasing an additional 3,997 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its stake in Alexandria Real Estate Equities by 33.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 3,454 shares of the real estate investment trust's stock valued at $320,000 after purchasing an additional 867 shares in the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Stock Performance

NYSE ARE traded down $0.42 on Friday, reaching $76.01. 1,745,347 shares of the stock were exchanged, compared to its average volume of 1,622,395. Alexandria Real Estate Equities, Inc. has a one year low of $67.37 and a one year high of $125.63. The firm has a market capitalization of $13.15 billion, a PE ratio of -584.69, a PEG ratio of 6.44 and a beta of 1.24. The company's 50-day simple moving average is $74.85 and its two-hundred day simple moving average is $83.82. 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 released its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 EPS for the quarter, topping analysts' consensus estimates of $2.29 by $0.04. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The company had revenue of $737.28 million for the quarter, compared to analysts' expectations of $748.02 million. During the same quarter last year, the business earned $2.36 EPS. The firm's revenue was down .6% compared to the same quarter last year. Analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend was Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is -4,061.54%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Baird R W reduced their price objective on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Citigroup reduced their price objective on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a research note on Monday, June 2nd. Jefferies Financial Group dropped their price target on shares of Alexandria Real Estate Equities from $100.00 to $82.00 in a report on Friday, April 11th. JMP Securities reaffirmed a "market outperform" rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Finally, Wedbush dropped their price target on shares of Alexandria Real Estate Equities from $104.00 to $76.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $97.17.

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.