Canada Pension Plan Investment Board Reduces Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Canada Pension Plan Investment Board trimmed its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 0.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,112,144 shares of the real estate investment trust's stock after selling 13,021 shares during the quarter. Canada Pension Plan Investment Board owned about 2.38% of Alexandria Real Estate Equities worth $401,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of ARE. Marshall Wace LLP bought a new stake in Alexandria Real Estate Equities in the 4th quarter worth about $3,063,000. Jump Financial LLC raised its stake in Alexandria Real Estate Equities by 48.3% during the 4th quarter. Jump Financial LLC now owns 6,627 shares of the real estate investment trust's stock valued at $646,000 after buying an additional 2,159 shares during the last quarter. Senvest Management LLC bought a new stake in shares of Alexandria Real Estate Equities in the fourth quarter worth $17,900,000. Stamos Capital Partners L.P. increased its position in Alexandria Real Estate Equities by 50.3% during the fourth quarter. Stamos Capital Partners L.P. now owns 15,260 shares of the real estate investment trust's stock valued at $1,489,000 after acquiring an additional 5,110 shares during the last quarter. Finally, TT Capital Management LLC purchased a new position in Alexandria Real Estate Equities in the fourth quarter worth about $314,000. Hedge funds and other institutional investors own 96.54% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ARE shares. Jefferies Financial Group began coverage on shares of Alexandria Real Estate Equities in a research report on Monday, March 17th. They issued a "hold" rating and a $100.00 price target on the stock. StockNews.com raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Wedbush reissued a "neutral" rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Ten investment 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, the company currently has a consensus rating of "Hold" and an average target price of $118.60.

Alexandria Real Estate Equities Trading Up 1.5 %

Shares of NYSE:ARE traded up $1.15 during trading hours on Tuesday, hitting $76.88. 427,921 shares of the company's stock traded hands, compared to its average volume of 1,463,857. 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 business has a fifty day moving average price of $91.92 and a 200-day moving average price of $100.66. Alexandria Real Estate Equities, Inc. has a 1 year low of $71.57 and a 1 year high of $130.14. The firm has a market capitalization of $13.30 billion, a P/E ratio of 42.71, a price-to-earnings-growth ratio of 3.93 and a beta of 1.24.

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

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were 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 was Monday, March 31st. Alexandria Real Estate Equities's payout ratio is 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.