Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 80.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,551 shares of the real estate investment trust's stock after selling 85,664 shares during the quarter. Corient Private Wealth LLC's holdings in Alexandria Real Estate Equities were worth $2,005,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ARE. Proficio Capital Partners LLC purchased a new position in Alexandria Real Estate Equities during the 4th quarter worth $29,000. EverSource Wealth Advisors LLC raised its holdings in shares of Alexandria Real Estate Equities by 57.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 109 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Alexandria Real Estate Equities in the third quarter worth about $43,000. Spire Wealth Management grew its holdings in Alexandria Real Estate Equities by 72.5% during the 4th quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock worth $58,000 after acquiring an additional 250 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its position in Alexandria Real Estate Equities by 3,129.4% during 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 purchasing an additional 532 shares during the period. Institutional investors own 96.54% of the company's stock.

Remove Ads

Alexandria Real Estate Equities Stock Performance

NYSE ARE traded down $0.13 on Friday, hitting $95.58. 887,436 shares of the company's stock traded hands, compared to its average volume of 1,082,232. The firm has a market capitalization of $16.54 billion, a PE ratio of 53.10, a P/E/G ratio of 3.93 and a beta of 1.17. Alexandria Real Estate Equities, Inc. has a 1-year low of $93.25 and a 1-year high of $130.14. The firm's 50-day moving average price is $98.14 and its two-hundred day moving average price is $105.97. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55.

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

Alexandria Real Estate Equities announced that its board has approved a stock buyback plan on Monday, December 9th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to buy up to 2.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.32 per share. The ex-dividend date is Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.52%. Alexandria Real Estate Equities's payout ratio is 293.33%.

Analyst Upgrades and Downgrades

ARE has been the subject of a number of analyst reports. JMP Securities restated 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 shares of Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a report on Monday, March 17th. Jefferies Financial Group assumed coverage on shares of Alexandria Real Estate Equities in a research report on Monday, March 17th. They issued a "hold" rating and a $100.00 price objective on the stock. Wedbush reissued a "neutral" rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada cut their price target on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating on the stock in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Alexandria Real Estate Equities has an average rating of "Hold" and an average price target of $118.60.

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.