Calamos Advisors LLC Sells 1,873 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Calamos Advisors LLC lessened its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 3.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,302 shares of the real estate investment trust’s stock after selling 1,873 shares during the period. Calamos Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $6,001,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Alexandria Real Estate Equities by 14.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 281,833 shares of the real estate investment trust’s stock valued at $36,331,000 after acquiring an additional 34,854 shares during the period. Hsbc Holdings PLC lifted its position in shares of Alexandria Real Estate Equities by 18.3% during the 4th quarter. Hsbc Holdings PLC now owns 545,069 shares of the real estate investment trust’s stock valued at $69,245,000 after buying an additional 84,479 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of Alexandria Real Estate Equities by 2.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 321,624 shares of the real estate investment trust’s stock worth $41,482,000 after acquiring an additional 9,187 shares during the period. Bluefin Capital Management LLC bought a new stake in Alexandria Real Estate Equities in the 4th quarter valued at about $838,000. Finally, Norden Group LLC purchased a new stake in Alexandria Real Estate Equities during the first quarter valued at about $963,000. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Trading Up 2.4 %

Shares of NYSE ARE traded up $2.84 during midday trading on Friday, hitting $121.20. 819,124 shares of the company traded hands, compared to its average volume of 919,134. Alexandria Real Estate Equities, Inc. has a 12-month low of $90.73 and a 12-month high of $135.45. The firm has a market cap of $21.20 billion, a P/E ratio of 113.27, a P/E/G ratio of 4.00 and a beta of 1.15. The stock has a 50-day moving average price of $117.64 and a 200 day moving average price of $119.78. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $2.34 by ($2.09). Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The firm had revenue of $766.70 million for the quarter, compared to analysts’ expectations of $775.03 million. During the same period last year, the company posted $2.24 earnings per share. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, analysts expect that Alexandria Real Estate Equities, Inc. will post 9.48 earnings per share for the current year.

Alexandria Real Estate Equities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.29%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend was Friday, June 28th. Alexandria Real Estate Equities’s dividend payout ratio is currently 485.98%.

Insiders Place Their Bets

In related news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $4.21, for a total value of $631,500.00. Following the completion of the transaction, the insider now owns 6,005,077 shares of the company’s stock, valued at approximately $25,281,374.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.15% of the stock is owned by company insiders.

Analyst Ratings Changes

ARE has been the topic of several recent research reports. JMP Securities restated a “market outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Bank of America cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price target for the company from $151.00 to $126.00 in a research report on Monday, July 29th. Jefferies Financial Group lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price objective for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. Evercore ISI cut Alexandria Real Estate Equities from an “outperform” rating to an “inline” rating and reduced their target price for the stock from $133.00 to $126.00 in a research report on Thursday, July 25th. Finally, Wedbush lowered shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $140.00 to $130.00 in a report on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $131.22.

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.