Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC trimmed its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 11.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,646 shares of the real estate investment trust's stock after selling 7,841 shares during the period. Motley Fool Wealth Management LLC's holdings in Alexandria Real Estate Equities were worth $6,216,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. PGGM Investments raised its position in Alexandria Real Estate Equities by 3,602.0% in the fourth quarter. PGGM Investments now owns 958,857 shares of the real estate investment trust's stock worth $93,537,000 after acquiring an additional 932,956 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Alexandria Real Estate Equities in the fourth quarter valued at about $34,170,000. Analyst IMS Investment Management Services Ltd. boosted its holdings in Alexandria Real Estate Equities by 170.1% during the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 486,103 shares of the real estate investment trust's stock worth $47,419,000 after buying an additional 306,145 shares in the last quarter. National Bank of Canada FI grew its position in Alexandria Real Estate Equities by 350.0% during the third quarter. National Bank of Canada FI now owns 341,357 shares of the real estate investment trust's stock worth $40,536,000 after buying an additional 265,508 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Alexandria Real Estate Equities by 114.9% during the third quarter. BNP Paribas Financial Markets now owns 435,416 shares of the real estate investment trust's stock worth $51,706,000 after buying an additional 232,817 shares during the period. Institutional investors and hedge funds own 96.54% of the company's stock.

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Alexandria Real Estate Equities Trading Down 0.1 %

Shares of Alexandria Real Estate Equities stock traded down $0.13 during mid-day trading on Friday, hitting $95.58. 887,436 shares of the stock were exchanged, compared to its average volume of 1,083,312. The stock has a market capitalization of $16.54 billion, a price-to-earnings ratio of 53.10, a price-to-earnings-growth ratio of 3.93 and a beta of 1.17. Alexandria Real Estate Equities, Inc. has a twelve month low of $93.25 and a twelve month 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. The company has a 50-day simple moving average of $98.01 and a 200 day simple moving average of $105.71.

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

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

Alexandria Real Estate Equities Dividend Announcement

The firm 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. This represents a $5.28 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities's payout ratio is 293.33%.

Wall Street Analysts Forecast Growth

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