Bank of New York Mellon Corp Has $102.41 Million Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Bank of New York Mellon Corp trimmed its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 3.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 approximately 0.64% of Alexandria Real Estate Equities worth $102,405,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in 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 worth $29,000 after purchasing an additional 109 shares in the last quarter. Colonial Trust Co SC grew its holdings in 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 worth $29,000 after acquiring an additional 252 shares during the last quarter. Tsfg LLC bought a new stake in Alexandria Real Estate Equities during the 1st quarter worth approximately $30,000. Cary Street Partners Financial LLC bought a new stake in Alexandria Real Estate Equities during the 4th quarter worth approximately $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 worth $58,000 after acquiring an additional 479 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, May 20th. Baird R W reduced their target price on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. Wall Street Zen raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. JMP Securities reaffirmed a "market outperform" rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. Finally, Royal Bank Of Canada reduced their price objective on shares of Alexandria Real Estate Equities from $114.00 to $100.00 in a research note on Monday, May 12th. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Alexandria Real Estate Equities has a consensus rating of "Hold" and a consensus price target of $99.54.

Alexandria Real Estate Equities Stock Up 0.1%

Shares of NYSE ARE opened at $77.10 on Thursday. The firm has a market cap of $13.34 billion, a PE ratio of 101.45, a P/E/G ratio of 6.49 and a beta of 1.25. Alexandria Real Estate Equities, Inc. has a 12-month low of $67.37 and a 12-month high of $130.14. The company's fifty day simple moving average is $72.44 and its 200 day simple moving average is $86.02. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.60.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.02. The business had revenue of $758.16 million for the quarter, compared to analyst estimates of $755.64 million. Alexandria Real Estate Equities had a net margin of 4.62% and a return on equity of 0.64%. Alexandria Real Estate Equities's revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.35 earnings per share. As a group, sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.85%. The ex-dividend date is Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is 694.74%.

About Alexandria Real Estate Equities

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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