Nuance Investments LLC Sells 23,562 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Key Points

• Nuance Investments LLC has reduced its holdings in Alexandria Real Estate Equities, Inc. by 33.4%, selling 23,562 shares during the first quarter, bringing its total shares to 47,030.
• A quarterly dividend of $1.32 was recently paid to shareholders, representing an annualized dividend of $5.28 and a yield of 7.3%.
• Several analysts have downgraded their price targets for Alexandria Real Estate Equities, with the average target now at $97.17 and the stock receiving a consensus rating of "Hold."

Nuance Investments LLC lowered its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 33.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,030 shares of the real estate investment trust's stock after selling 23,562 shares during the quarter. Nuance Investments LLC's holdings in Alexandria Real Estate Equities were worth $4,351,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital World Investors bought a new stake in Alexandria Real Estate Equities during the fourth quarter worth about $326,959,000. Invesco Ltd. grew its stake in Alexandria Real Estate Equities by 39.0% during the first quarter. Invesco Ltd. now owns 3,147,743 shares of the real estate investment trust's stock worth $291,198,000 after buying an additional 882,963 shares during the last quarter. Northern Trust Corp grew its stake in Alexandria Real Estate Equities by 67.9% during the fourth quarter. Northern Trust Corp now owns 2,565,406 shares of the real estate investment trust's stock worth $250,255,000 after buying an additional 1,037,413 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Alexandria Real Estate Equities by 2.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,530,184 shares of the real estate investment trust's stock worth $234,067,000 after buying an additional 63,997 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Alexandria Real Estate Equities by 1,038.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,610,074 shares of the real estate investment trust's stock worth $157,063,000 after buying an additional 1,468,644 shares during the last quarter. Institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock opened at $71.91 on Tuesday. The firm's 50 day moving average is $75.47 and its 200-day moving average is $82.48. Alexandria Real Estate Equities, Inc. has a 1 year low of $67.37 and a 1 year high of $125.63. The firm has a market capitalization of $12.44 billion, a price-to-earnings ratio of -553.14, a PEG ratio of 6.25 and a beta of 1.24. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.61.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.04. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The business had revenue of $737.28 million for the quarter, compared to analyst estimates of $748.02 million. During the same period in the prior year, the business posted $2.36 earnings per share. Alexandria Real Estate Equities's revenue was down .6% compared to the same quarter last year. Sell-side 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 company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $1.32 dividend. The ex-dividend date was Monday, June 30th. This represents a $5.28 annualized dividend and a yield of 7.3%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is -4,061.54%.

Analysts Set New Price Targets

Several analysts have weighed in on ARE shares. Baird R W decreased their price objective on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. BNP Paribas Exane decreased their price objective on shares of Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Royal Bank Of Canada decreased their price objective on shares of Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating on the stock in a research note on Tuesday, July 29th. JMP Securities reiterated a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. Finally, Mizuho reduced their target price on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a research report on Thursday, June 12th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities has an average rating of "Hold" and an average 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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