Copeland Capital Management LLC Cuts Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Copeland Capital Management LLC trimmed its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 77.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,041 shares of the real estate investment trust's stock after selling 7,015 shares during the period. Copeland Capital Management LLC's holdings in Alexandria Real Estate Equities were worth $189,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Illinois Municipal Retirement Fund raised its stake in shares of Alexandria Real Estate Equities by 118.0% during the 1st quarter. Illinois Municipal Retirement Fund now owns 28,265 shares of the real estate investment trust's stock worth $2,615,000 after buying an additional 15,299 shares in the last quarter. Park Place Capital Corp raised its stake in shares of Alexandria Real Estate Equities by 10.3% during the 1st quarter. Park Place Capital Corp now owns 2,559 shares of the real estate investment trust's stock worth $237,000 after buying an additional 240 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Alexandria Real Estate Equities by 22.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,620 shares of the real estate investment trust's stock worth $242,000 after buying an additional 477 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Alexandria Real Estate Equities by 59.6% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 161,141 shares of the real estate investment trust's stock valued at $14,907,000 after purchasing an additional 60,177 shares in the last quarter. Finally, Steph & Co. increased its stake in Alexandria Real Estate Equities by 304.4% in the 1st quarter. Steph & Co. now owns 2,952 shares of the real estate investment trust's stock valued at $273,000 after purchasing an additional 2,222 shares in the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $73.29 on Friday. The business's fifty day moving average price is $72.40 and its two-hundred day moving average price is $87.29. The stock has a market cap of $12.68 billion, a PE ratio of 96.43, a price-to-earnings-growth ratio of 6.18 and a beta of 1.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.22 and a current ratio of 0.22. Alexandria Real Estate Equities, Inc. has a one year low of $67.37 and a one year high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its earnings results on Monday, April 28th. The real estate investment trust reported $2.30 EPS for the quarter, beating analysts' consensus estimates of $2.28 by $0.02. The firm had revenue of $758.16 million for the quarter, compared to analysts' expectations of $755.64 million. Alexandria Real Estate Equities had a return on equity of 0.64% and a net margin of 4.62%. Alexandria Real Estate Equities's quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.35 EPS. On average, analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 7.20%. The ex-dividend date is Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is 694.74%.

Analyst Ratings Changes

Several research firms recently weighed in on ARE. Jefferies Financial Group began coverage on Alexandria Real Estate Equities in a research note on Monday, March 17th. They issued a "hold" rating and a $100.00 price objective for the company. Wall Street Zen raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note 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, JPMorgan Chase & Co. dropped their price objective on Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating for the company in a research note on Tuesday, May 20th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $116.00.

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.

Want to see what other hedge funds are holding ARE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.