Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by APG Asset Management US Inc.

APG Asset Management US Inc. lessened its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,832,496 shares of the real estate investment trust's stock after selling 167,298 shares during the quarter. Alexandria Real Estate Equities comprises 5.1% of APG Asset Management US Inc.'s holdings, making the stock its 6th biggest position. APG Asset Management US Inc. owned 3.95% of Alexandria Real Estate Equities worth $666,510,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Alexandria Real Estate Equities in the fourth quarter worth about $1,605,426,000. JPMorgan Chase & Co. lifted its position in shares of Alexandria Real Estate Equities by 212.9% in the fourth quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust's stock valued at $806,337,000 after acquiring an additional 5,624,163 shares in the last quarter. PGGM Investments boosted its stake in shares of 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 during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth approximately $34,170,000. Finally, Analyst IMS Investment Management Services Ltd. raised its stake in Alexandria Real Estate Equities by 170.1% in the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 486,103 shares of the real estate investment trust's stock valued at $47,419,000 after purchasing an additional 306,145 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

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Analyst Ratings Changes

Several brokerages recently issued reports on ARE. 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. Jefferies Financial Group started 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 objective for the company. Wedbush reissued a "neutral" rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. StockNews.com upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, Royal Bank of Canada cut their target price on Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating on the stock in a research report on Tuesday, December 17th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $118.60.

Alexandria Real Estate Equities Stock Performance

ARE traded up $1.77 during trading hours on Monday, hitting $78.69. 589,573 shares of the stock were exchanged, compared to its average volume of 1,158,673. The stock has a market cap of $13.61 billion, a price-to-earnings ratio of 43.72, a price-to-earnings-growth ratio of 3.93 and a beta of 1.24. Alexandria Real Estate Equities, Inc. has a 12 month low of $71.57 and a 12 month high of $130.14. The stock has a 50-day simple moving average of $94.08 and a 200-day simple moving average of $102.31. 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 (NYSE:ARE - Get Free Report) last released its quarterly 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 return on equity of 1.43% and a net margin of 10.36%. Analysts anticipate 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 issued a dividend of $1.32 per share. The ex-dividend date is Monday, March 31st. This represents a $5.28 annualized dividend and a yield of 6.71%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 293.33%.

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.