National Bank of Canada FI Cuts Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

National Bank of Canada FI trimmed its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 78.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,838 shares of the real estate investment trust's stock after selling 268,519 shares during the quarter. National Bank of Canada FI's holdings in Alexandria Real Estate Equities were worth $7,105,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ARE. EverSource Wealth Advisors LLC lifted its holdings in shares of Alexandria Real Estate Equities by 57.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 109 shares during the period. Callan Capital LLC grew its position in shares of Alexandria Real Estate Equities by 1.3% in the 4th quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust's stock valued at $873,000 after buying an additional 111 shares during the last quarter. M&T Bank Corp increased its stake in shares of Alexandria Real Estate Equities by 0.7% in the fourth quarter. M&T Bank Corp now owns 19,478 shares of the real estate investment trust's stock valued at $1,901,000 after buying an additional 127 shares during the period. Garland Capital Management Inc. raised its position in shares of Alexandria Real Estate Equities by 0.6% during the fourth quarter. Garland Capital Management Inc. now owns 29,580 shares of the real estate investment trust's stock worth $2,886,000 after acquiring an additional 175 shares during the last quarter. Finally, Private Trust Co. NA lifted its stake in shares of Alexandria Real Estate Equities by 30.2% in the fourth quarter. Private Trust Co. NA now owns 776 shares of the real estate investment trust's stock worth $76,000 after acquiring an additional 180 shares during the period. 96.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

ARE has been the subject of a number of recent analyst reports. JMP Securities reissued 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. 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. Wedbush restated a "neutral" rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Jefferies Financial Group began coverage on shares of Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a "hold" rating and a $100.00 price target on the stock. Finally, Royal Bank of Canada dropped their price objective on Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating on the stock in a research note on Tuesday, December 17th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $118.60.

Alexandria Real Estate Equities Stock Up 3.0 %

NYSE:ARE traded up $2.26 on Friday, hitting $76.83. The stock had a trading volume of 2,667,166 shares, compared to its average volume of 1,158,130. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a 52 week low of $71.57 and a 52 week high of $130.14. The business's fifty day moving average is $94.08 and its 200 day moving average is $102.44. The company has a market cap of $13.30 billion, a PE ratio of 42.68, a P/E/G ratio of 3.93 and a beta of 1.24.

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

Alexandria Real Estate Equities Announces Dividend

The firm 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 dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 6.87%. The ex-dividend date of this dividend is Monday, March 31st. Alexandria Real Estate Equities's payout ratio is presently 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.