Nomura Asset Management Co. Ltd. Lowers Holdings in Alexandria Real Estate Equities Inc (ARE)

Nomura Asset Management Co. Ltd. trimmed its stake in Alexandria Real Estate Equities Inc (NYSE:ARE) by 4.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,134 shares of the real estate investment trust’s stock after selling 3,448 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.07% of Alexandria Real Estate Equities worth $8,344,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ARE. Vanguard Group Inc. grew its position in Alexandria Real Estate Equities by 6.6% in the 2nd quarter. Vanguard Group Inc. now owns 15,723,151 shares of the real estate investment trust’s stock worth $1,894,168,000 after purchasing an additional 970,646 shares during the last quarter. Cbre Clarion Securities LLC grew its position in Alexandria Real Estate Equities by 67.5% in the 2nd quarter. Cbre Clarion Securities LLC now owns 2,244,374 shares of the real estate investment trust’s stock worth $270,380,000 after purchasing an additional 904,575 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Alexandria Real Estate Equities by 724.8% during the 2nd quarter. Janus Henderson Group PLC now owns 954,257 shares of the real estate investment trust’s stock worth $114,975,000 after acquiring an additional 838,568 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Alexandria Real Estate Equities by 60.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,147,368 shares of the real estate investment trust’s stock worth $258,693,000 after acquiring an additional 810,466 shares during the period. Finally, Westfield Capital Management Co. LP bought a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth about $83,357,000.

Shares of Alexandria Real Estate Equities Inc (ARE) traded down $0.08 during mid-day trading on Friday, reaching $130.59. 373,468 shares of the company traded hands, compared to its average volume of 740,290. Alexandria Real Estate Equities Inc has a 12-month low of $106.89 and a 12-month high of $134.37. The company has a market cap of $12,507.45, a P/E ratio of 148.40 and a beta of 0.84. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.83.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.96). Alexandria Real Estate Equities had a net margin of 13.21% and a return on equity of 3.69%. The firm had revenue of $285.60 million for the quarter, compared to the consensus estimate of $286.11 million. During the same period in the prior year, the business earned $1.39 earnings per share. The company’s revenue for the quarter was up 24.0% on a year-over-year basis. equities research analysts predict that Alexandria Real Estate Equities Inc will post 6.02 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be issued a dividend of $0.90 per share. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. This represents a $3.60 annualized dividend and a yield of 2.76%. The ex-dividend date is Thursday, December 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 409.10%.

ARE has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Royal Bank of Canada reaffirmed a “hold” rating on shares of Alexandria Real Estate Equities in a report on Monday, October 23rd. National Bank Financial downgraded shares of Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $20.00 to $18.00 in a report on Monday, October 23rd. Mizuho reaffirmed a “buy” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, November 1st. Finally, Bank of America raised their price objective on shares of Alexandria Real Estate Equities from $129.00 to $133.00 and gave the stock a “neutral” rating in a report on Monday, November 6th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $99.91.

In related news, CEO Joel S. Marcus sold 13,000 shares of Alexandria Real Estate Equities stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $126.91, for a total transaction of $1,649,830.00. Following the completion of the transaction, the chief executive officer now directly owns 651,436 shares of the company’s stock, valued at approximately $82,673,742.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas J. Andrews sold 5,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $125.26, for a total transaction of $626,300.00. Following the completion of the sale, the executive vice president now owns 146,916 shares of the company’s stock, valued at approximately $18,402,698.16. The disclosure for this sale can be found here. Insiders have sold a total of 62,250 shares of company stock valued at $7,986,230 over the last three months. 1.60% of the stock is currently owned by insiders.

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Alexandria Real Estate Equities Profile

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems.

Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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