Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. lowered its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 472,943 shares of the real estate investment trust's stock after selling 21,061 shares during the period. Bessemer Group Inc. owned approximately 0.27% of Alexandria Real Estate Equities worth $46,135,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new stake in Alexandria Real Estate Equities in the fourth quarter valued at $29,000. EverSource Wealth Advisors LLC boosted its position 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 worth $29,000 after buying an additional 109 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Alexandria Real Estate Equities in the 3rd quarter valued at about $43,000. Spire Wealth Management increased its holdings in Alexandria Real Estate Equities by 72.5% during the 4th quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock valued at $58,000 after acquiring an additional 250 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in Alexandria Real Estate Equities by 129.9% during the fourth 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 last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

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Alexandria Real Estate Equities Trading Down 0.5 %

Shares of ARE traded down $0.42 during mid-day trading on Tuesday, reaching $79.28. The company had a trading volume of 415,457 shares, compared to its average volume of 1,161,737. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $71.57 and a fifty-two week high of $130.14. The firm has a fifty day simple moving average of $93.73 and a 200-day simple moving average of $102.02. The stock has a market cap of $13.71 billion, a price-to-earnings ratio of 44.04, a price-to-earnings-growth ratio of 3.93 and a beta of 1.24. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55.

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, 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%. On average, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 6.66%. The ex-dividend date of this dividend is Monday, March 31st. Alexandria Real Estate Equities's payout ratio is currently 293.33%.

Analyst Ratings Changes

Several analysts have recently commented on ARE shares. JMP Securities reiterated a "market outperform" rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Jefferies Financial Group started coverage on Alexandria Real Estate Equities in a report on Monday, March 17th. They set a "hold" rating and a $100.00 target price on the stock. Wedbush reiterated a "neutral" rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Royal Bank of Canada reduced their price objective on shares of 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. Finally, 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. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.