Fort Washington Investment Advisors Inc. OH Reduces Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Fort Washington Investment Advisors Inc. OH lowered its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 4.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 531,251 shares of the real estate investment trust's stock after selling 23,612 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.31% of Alexandria Real Estate Equities worth $49,146,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ARE. Proficio Capital Partners LLC purchased a new position in shares of Alexandria Real Estate Equities in the 4th quarter valued at about $29,000. EverSource Wealth Advisors LLC increased its holdings in shares of Alexandria Real Estate Equities by 57.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 109 shares during the last quarter. Colonial Trust Co SC boosted its position in shares of Alexandria Real Estate Equities by 514.3% in the 4th quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 252 shares during the period. Cary Street Partners Financial LLC acquired a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at about $50,000. Finally, True Wealth Design LLC boosted its position in shares of Alexandria Real Estate Equities by 663.5% in the 4th quarter. True Wealth Design LLC now owns 649 shares of the real estate investment trust's stock valued at $63,000 after purchasing an additional 564 shares during the period. Hedge funds and other institutional investors own 96.54% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on ARE. Wall Street Zen raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. JMP Securities reaffirmed a "market outperform" rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. JPMorgan Chase & Co. decreased 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 report on Tuesday, May 20th. Finally, Jefferies Financial Group began coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a "hold" rating and a $100.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Alexandria Real Estate Equities presently has an average rating of "Hold" and a consensus price target of $116.00.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock traded down $0.18 during trading hours on Thursday, reaching $73.01. 985,001 shares of the company's stock were exchanged, compared to its average volume of 1,313,705. The company has a market cap of $12.63 billion, a P/E ratio of 40.56, a price-to-earnings-growth ratio of 3.93 and a beta of 1.25. The company's 50 day moving average is $73.69 and its two-hundred day moving average is $90.34. Alexandria Real Estate Equities, Inc. has a 1 year low of $67.37 and a 1 year high of $130.14. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21.

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 for the quarter, beating the consensus estimate of $2.28 by $0.02. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. The firm had revenue of $758.16 million during the quarter, compared to the consensus estimate of $755.64 million. During the same period last year, the business posted $2.35 EPS. Alexandria Real Estate Equities's quarterly revenue was down 1.4% on a year-over-year basis. Equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 7.23%. The ex-dividend date of this dividend is Monday, June 30th. Alexandria Real Estate Equities's payout ratio is currently 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.