Bank of New York Mellon Corp Decreases Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Bank of New York Mellon Corp trimmed its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 3.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,106,961 shares of the real estate investment trust's stock after selling 39,167 shares during the quarter. Bank of New York Mellon Corp owned 0.64% of Alexandria Real Estate Equities worth $102,405,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of Alexandria Real Estate Equities by 57.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 109 shares in the last quarter. Colonial Trust Co SC raised its position in shares of Alexandria Real Estate Equities by 514.3% during the 4th quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 252 shares in the last quarter. Tsfg LLC bought a new position in Alexandria Real Estate Equities during the 1st quarter valued at about $30,000. Cary Street Partners Financial LLC bought a new position in Alexandria Real Estate Equities during the 4th quarter valued at about $50,000. Finally, Mather Group LLC. grew its holdings in Alexandria Real Estate Equities by 335.0% during the 1st quarter. Mather Group LLC. now owns 622 shares of the real estate investment trust's stock valued at $58,000 after purchasing an additional 479 shares during the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Trading Up 0.4%

ARE stock traded up $0.35 during mid-day trading on Friday, reaching $79.64. The company had a trading volume of 1,310,721 shares, compared to its average volume of 1,392,362. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.22 and a quick ratio of 0.22. The company has a market capitalization of $13.78 billion, a PE ratio of 104.79, a price-to-earnings-growth ratio of 6.71 and a beta of 1.25. The firm has a 50 day moving average of $72.66 and a 200 day moving average of $85.66. Alexandria Real Estate Equities, Inc. has a 12 month low of $67.37 and a 12 month high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.28 by $0.02. Alexandria Real Estate Equities had a net margin of 4.62% and a return on equity of 0.64%. The firm had revenue of $758.16 million for the quarter, compared to the consensus estimate of $755.64 million. During the same period last year, the firm earned $2.35 earnings per share. The company's quarterly revenue was down 1.4% on a year-over-year basis. On average, equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $1.32 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.63%. Alexandria Real Estate Equities's dividend payout ratio is presently 694.74%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ARE. Evercore ISI cut their price target on shares of Alexandria Real Estate Equities from $103.00 to $91.00 in a report on Wednesday, April 30th. Wall Street Zen upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Mizuho cut their price target on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Baird R W cut their price target on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. Finally, Jefferies Financial Group cut their price target on shares of Alexandria Real Estate Equities from $100.00 to $82.00 in a report on Friday, April 11th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Alexandria Real Estate Equities presently has a consensus rating of "Hold" and a consensus price target of $99.54.

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.