Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Westpac Banking Corp

Westpac Banking Corp decreased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 92.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,497 shares of the real estate investment trust's stock after selling 29,614 shares during the quarter. Westpac Banking Corp's holdings in Alexandria Real Estate Equities were worth $244,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new position in Alexandria Real Estate Equities in the fourth quarter valued at $29,000. EverSource Wealth Advisors LLC boosted its stake 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 buying an additional 109 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter worth $43,000. Spire Wealth Management grew its position in Alexandria Real Estate Equities by 72.5% during the fourth quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock worth $58,000 after buying an additional 250 shares during the period. Finally, Versant Capital Management Inc grew its holdings in shares of Alexandria Real Estate Equities by 129.9% in the 4th quarter. Versant Capital Management Inc now owns 745 shares of the real estate investment trust's stock worth $73,000 after acquiring an additional 421 shares during the period. Hedge funds and other institutional investors own 96.54% of the company's stock.

Remove Ads

Alexandria Real Estate Equities Stock Performance

NYSE:ARE traded down $6.14 during trading hours on Thursday, reaching $74.68. 748,255 shares of the stock were exchanged, compared to its average volume of 1,140,053. Alexandria Real Estate Equities, Inc. has a 52 week low of $71.57 and a 52 week high of $130.14. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $12.93 billion, a P/E ratio of 41.30, a P/E/G ratio of 3.93 and a beta of 1.24. The firm has a 50 day simple moving average of $94.84 and a 200-day simple moving average of $103.12.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share 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%. As a group, sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 7.07%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio (DPR) is 293.33%.

Analyst Ratings Changes

ARE has been the subject of several recent research reports. Wedbush restated a "neutral" rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Royal Bank of Canada lowered 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 report on Tuesday, December 17th. 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 on the stock. StockNews.com upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $118.60.

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.