Alliancebernstein L.P. Cuts Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Alliancebernstein L.P. lowered its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 60.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 301,288 shares of the real estate investment trust's stock after selling 458,724 shares during the quarter. Alliancebernstein L.P. owned approximately 0.17% of Alexandria Real Estate Equities worth $29,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in shares of Alexandria Real Estate Equities by 57.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 109 shares in the last quarter. Callan Capital LLC boosted its position in Alexandria Real Estate Equities by 1.3% during the fourth 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 period. M&T Bank Corp boosted its position in Alexandria Real Estate Equities by 0.7% during 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. grew its stake 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 valued at $2,886,000 after buying an additional 175 shares during the last quarter. Finally, Private Trust Co. NA increased its holdings 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 buying an additional 180 shares during the period. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Trading Up 3.0 %

ARE stock traded up $2.26 during trading on Friday, reaching $76.83. The company had a trading volume of 2,667,166 shares, compared to its average volume of 1,158,130. The business has a 50 day moving average of $94.08 and a 200 day moving average of $102.44. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The company has a market cap of $13.30 billion, a P/E ratio of 42.68, a PEG ratio of 3.93 and a beta of 1.24. Alexandria Real Estate Equities, Inc. has a 52 week low of $71.57 and a 52 week high of $130.14.

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 EPS for the quarter, beating 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%. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $1.32 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $5.28 annualized dividend and a dividend yield of 6.87%. Alexandria Real Estate Equities's payout ratio is 293.33%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ARE. Wedbush restated 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. Royal Bank of Canada cut their target price on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating on the stock in a report on Tuesday, December 17th. Jefferies Financial Group assumed coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They set a "hold" rating and a $100.00 price target for the company. StockNews.com raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, JMP Securities reaffirmed 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. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Alexandria Real Estate Equities has an average rating of "Hold" and a consensus 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.