Bank of Nova Scotia Has $1.23 Million Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Bank of Nova Scotia lessened its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 28.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,341 shares of the real estate investment trust's stock after selling 5,353 shares during the quarter. Bank of Nova Scotia's holdings in Alexandria Real Estate Equities were worth $1,234,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of ARE. Coldstream Capital Management Inc. lifted its holdings in shares of Alexandria Real Estate Equities by 6.0% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,119 shares of the real estate investment trust's stock worth $207,000 after buying an additional 120 shares in the last quarter. Wedbush Securities Inc. grew its holdings in shares of Alexandria Real Estate Equities by 5.8% during the 4th quarter. Wedbush Securities Inc. now owns 2,300 shares of the real estate investment trust's stock valued at $224,000 after purchasing an additional 126 shares during the last quarter. Private Trust Co. NA grew its stake in shares of Alexandria Real Estate Equities by 19.2% during the first quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust's stock worth $86,000 after buying an additional 149 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Alexandria Real Estate Equities by 16.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,084 shares of the real estate investment trust's stock worth $99,000 after purchasing an additional 153 shares in the last quarter. Finally, Investor s Fiduciary Advisor Network LLC boosted its position in Alexandria Real Estate Equities by 3.8% during the 1st quarter. Investor s Fiduciary Advisor Network LLC now owns 4,941 shares of the real estate investment trust's stock worth $457,000 after buying an additional 180 shares during the period. Institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Trading Up 0.9%

Shares of ARE stock opened at $74.52 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61. The firm has a market cap of $12.89 billion, a P/E ratio of -573.19, a price-to-earnings-growth ratio of 6.22 and a beta of 1.24. The business has a 50-day moving average price of $75.34 and a two-hundred day moving average price of $83.13. Alexandria Real Estate Equities, Inc. has a 12-month low of $67.37 and a 12-month high of $125.63.

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 earnings per share for the quarter, topping analysts' consensus estimates of $2.29 by $0.04. The company had revenue of $737.28 million during the quarter, compared to the consensus estimate of $748.02 million. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%. Alexandria Real Estate Equities's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.36 EPS. Equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $1.32 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $5.28 annualized dividend and a dividend yield of 7.1%. Alexandria Real Estate Equities's payout ratio is -4,061.54%.

Wall Street Analyst Weigh In

Several analysts recently commented on ARE shares. Royal Bank Of Canada reduced their target price on Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating on the stock in a report on Tuesday, July 29th. Wedbush decreased their target price on shares of Alexandria Real Estate Equities from $104.00 to $76.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Baird R W dropped their target price on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. Jefferies Financial Group decreased their price objective on shares of Alexandria Real Estate Equities from $100.00 to $82.00 in a report on Friday, April 11th. Finally, BNP Paribas Exane cut their price target on Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $97.17.

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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