Allspring Global Investments Holdings LLC Cuts Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Allspring Global Investments Holdings LLC lowered its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 15.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 17,625 shares of the real estate investment trust's stock after selling 3,225 shares during the period. Allspring Global Investments Holdings LLC's holdings in Alexandria Real Estate Equities were worth $1,718,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Catalyst Capital Advisors LLC acquired a new position in Alexandria Real Estate Equities during the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter valued at about $30,000. Venturi Wealth Management LLC boosted its stake in shares of Alexandria Real Estate Equities by 144.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 180 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Alexandria Real Estate Equities in the third quarter worth $43,000. Finally, Loomis Sayles & Co. L P increased its holdings in shares of Alexandria Real Estate Equities by 3,129.4% in the 3rd quarter. Loomis Sayles & Co. L P now owns 549 shares of the real estate investment trust's stock valued at $65,000 after acquiring an additional 532 shares during the last quarter. 96.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ARE has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and lowered their price objective for the company from $135.00 to $112.00 in a research report on Friday, November 15th. Wedbush restated a "neutral" rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. JMP Securities reiterated a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. StockNews.com downgraded Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $133.00 to $121.00 in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $121.30.

Alexandria Real Estate Equities Stock Performance

Shares of ARE traded down $1.63 during trading hours on Wednesday, hitting $99.31. The company's stock had a trading volume of 300,282 shares, compared to its average volume of 1,333,221. The business has a 50 day simple moving average of $97.73 and a two-hundred day simple moving average of $108.61. 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 company has a market cap of $17.19 billion, a price-to-earnings ratio of 55.14, a PEG ratio of 3.93 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 52-week low of $93.25 and a 52-week high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, topping 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 analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities announced that its Board of Directors has initiated a stock buyback program on Monday, December 9th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to repurchase up to 2.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

Alexandria Real Estate Equities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $1.32 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from Alexandria Real Estate Equities's previous quarterly dividend of $1.30. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.32%. Alexandria Real Estate Equities's payout ratio is 293.33%.

Alexandria Real Estate Equities 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.