Pacer Advisors Inc. Sells 5,151 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Pacer Advisors Inc. trimmed its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 39.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,926 shares of the real estate investment trust's stock after selling 5,151 shares during the period. Pacer Advisors Inc.'s holdings in Alexandria Real Estate Equities were worth $733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in Alexandria Real Estate Equities by 13.1% during the first quarter. Assetmark Inc. now owns 47,398 shares of the real estate investment trust's stock valued at $4,385,000 after buying an additional 5,483 shares during the period. Cetera Investment Advisers boosted its position in Alexandria Real Estate Equities by 15.4% during the 1st quarter. Cetera Investment Advisers now owns 29,977 shares of the real estate investment trust's stock valued at $2,773,000 after acquiring an additional 3,997 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of Alexandria Real Estate Equities by 33.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 3,454 shares of the real estate investment trust's stock valued at $320,000 after acquiring an additional 867 shares during the period. Brookwood Investment Group LLC bought a new position in shares of Alexandria Real Estate Equities in the 1st quarter worth $375,000. Finally, Machina Capital S.A.S. purchased a new stake in shares of Alexandria Real Estate Equities during the 1st quarter worth $466,000. Hedge funds and other institutional investors own 96.54% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ARE shares. JPMorgan Chase & Co. cut their target price on Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 20th. Baird R W lowered their price target on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. Evercore ISI reduced their price objective on shares of Alexandria Real Estate Equities from $103.00 to $91.00 in a research note on Wednesday, April 30th. 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. Finally, Mizuho cut their price target on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of "Hold" and a consensus target price of $97.17.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $76.41 on Friday. The stock has a 50-day moving average of $74.68 and a two-hundred day moving average of $83.97. Alexandria Real Estate Equities, Inc. has a one year low of $67.37 and a one year high of $125.63. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a market cap of $13.22 billion, a P/E ratio of -587.76, a P/E/G ratio of 6.57 and a beta of 1.25.

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 (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.04. The firm had revenue of $737.28 million during the quarter, compared to analysts' expectations 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%. The company's revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the business posted $2.36 earnings per share. As a group, research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend was Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is -4,061.54%.

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.

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.