Lasalle Investment Management Securities LLC Purchases 147,936 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Lasalle Investment Management Securities LLC boosted its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 33.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 585,280 shares of the real estate investment trust's stock after purchasing an additional 147,936 shares during the quarter. Alexandria Real Estate Equities comprises approximately 2.4% of Lasalle Investment Management Securities LLC's investment portfolio, making the stock its 17th largest holding. Lasalle Investment Management Securities LLC owned about 0.34% of Alexandria Real Estate Equities worth $57,094,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth about $29,000. EverSource Wealth Advisors LLC boosted its stake in Alexandria Real Estate Equities by 57.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 109 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Alexandria Real Estate Equities during the 3rd quarter worth approximately $43,000. Spire Wealth Management raised its stake in shares of Alexandria Real Estate Equities by 72.5% in the fourth quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock worth $58,000 after purchasing an additional 250 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in Alexandria Real Estate Equities by 129.9% during the fourth quarter. Versant Capital Management Inc now owns 745 shares of the real estate investment trust's stock worth $73,000 after buying an additional 421 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Performance

Shares of ARE traded up $0.71 during mid-day trading on Wednesday, hitting $76.97. The stock had a trading volume of 1,462,276 shares, compared to its average volume of 1,180,063. Alexandria Real Estate Equities, Inc. has a 52 week low of $71.57 and a 52 week 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. The business has a fifty day moving average price of $91.53 and a 200-day moving average price of $100.49. The firm has a market cap of $13.32 billion, a P/E ratio of 42.76, a PEG ratio of 3.93 and a beta of 1.24.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. On average, equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 6.86%. The ex-dividend date was Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 293.33%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Wedbush reaffirmed a "neutral" rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. JMP Securities restated a "market outperform" rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Jefferies Financial Group began coverage on shares of Alexandria Real Estate Equities in a research note on Monday, March 17th. They issued a "hold" rating and a $100.00 price objective for the company. Finally, StockNews.com upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of "Hold" and a consensus target price of $118.60.

Alexandria Real Estate Equities Company Profile

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.