FIL Ltd cut its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 58.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,851 shares of the real estate investment trust's stock after selling 14,963 shares during the quarter. FIL Ltd's holdings in Alexandria Real Estate Equities were worth $1,059,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in ARE. EverSource Wealth Advisors LLC lifted its holdings 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 worth $29,000 after buying 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 worth about $43,000. Spire Wealth Management raised 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 purchasing an additional 250 shares during the last quarter. Versant Capital Management Inc lifted its position in Alexandria Real Estate Equities by 129.9% during the 4th quarter. Versant Capital Management Inc now owns 745 shares of the real estate investment trust's stock valued at $73,000 after purchasing an additional 421 shares during the period. Finally, Sherman Asset Management Inc. bought a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth approximately $75,000. 96.54% of the stock is owned by institutional investors.
Analysts Set New Price Targets
ARE has been the topic of several analyst reports. Jefferies Financial Group started coverage on Alexandria Real Estate Equities in a research note on Monday, March 17th. They issued a "hold" rating and a $100.00 target price on the stock. JMP Securities reissued a "market outperform" rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Royal Bank of Canada lowered their target price on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating for the company in a research note on Tuesday, December 17th. Wedbush reissued 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. Finally, StockNews.com upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $118.60.
Check Out Our Latest Analysis on Alexandria Real Estate Equities
Alexandria Real Estate Equities Stock Down 0.8 %
NYSE:ARE traded down $0.62 during trading hours on Tuesday, reaching $79.08. 1,286,660 shares of the stock were exchanged, compared to its average volume of 1,167,435. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. Alexandria Real Estate Equities, Inc. has a twelve month low of $71.57 and a twelve month high of $130.14. The stock has a market cap of $13.68 billion, a PE ratio of 43.93, a PEG ratio of 3.93 and a beta of 1.24. The firm has a 50 day moving average of $93.38 and a 200 day moving average of $101.86.
Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, beating analysts' consensus estimates 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%. On average, equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.
Alexandria Real Estate Equities Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $1.32 dividend. The ex-dividend date is Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a yield of 6.68%. Alexandria Real Estate Equities's dividend payout ratio is 293.33%.
About Alexandria Real Estate Equities
(
Free Report)
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.
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