DnB Asset Management AS Has $7.99 Million Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

DnB Asset Management AS decreased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 16.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 81,906 shares of the real estate investment trust's stock after selling 15,798 shares during the quarter. DnB Asset Management AS's holdings in Alexandria Real Estate Equities were worth $7,990,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in shares of Alexandria Real Estate Equities in the 4th quarter valued at approximately $29,000. EverSource Wealth Advisors LLC raised its holdings in 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 acquired a new stake in Alexandria Real Estate Equities in the third quarter valued at $43,000. Spire Wealth Management boosted its stake 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 valued at $58,000 after acquiring an additional 250 shares during the last quarter. Finally, Private Trust Co. NA grew its holdings in Alexandria Real Estate Equities by 113.6% during the 3rd quarter. Private Trust Co. NA now owns 596 shares of the real estate investment trust's stock worth $71,000 after acquiring an additional 317 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

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Alexandria Real Estate Equities Price Performance

ARE stock traded down $4.01 during trading hours on Thursday, hitting $88.32. 421,147 shares of the stock traded hands, compared to its average volume of 1,091,212. The stock has a 50-day simple moving average of $97.42 and a 200 day simple moving average of $105.08. The company has a market cap of $15.29 billion, a P/E ratio of 49.07, a P/E/G ratio of 3.93 and a beta of 1.24. Alexandria Real Estate Equities, Inc. has a one year low of $87.14 and a one year high of $130.14. 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 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

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

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 5.98%. The ex-dividend date of this dividend is Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently 293.33%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ARE shares. Wedbush reaffirmed a "neutral" rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Jefferies Financial Group initiated coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They issued a "hold" rating and a $100.00 target price for the company. JMP Securities reissued a "market outperform" rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Royal Bank of Canada decreased their price objective on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating for the company in a report on Tuesday, December 17th. Finally, StockNews.com lowered shares of Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research note on Monday, March 17th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Alexandria Real Estate Equities currently has an average 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.