Cerity Partners LLC trimmed its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 10.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,761 shares of the real estate investment trust's stock after selling 5,582 shares during the period. Cerity Partners LLC's holdings in Alexandria Real Estate Equities were worth $4,757,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in shares of Alexandria Real Estate Equities by 57.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 109 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Alexandria Real Estate Equities during the third quarter worth $43,000. Spire Wealth Management lifted its stake in shares of Alexandria Real Estate Equities by 72.5% in the fourth quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock valued at $58,000 after buying an additional 250 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of 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 valued at $73,000 after buying an additional 421 shares during the last quarter. Finally, Sherman Asset Management Inc. bought a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth about $75,000. 96.54% of the stock is owned by institutional investors and hedge funds.
Alexandria Real Estate Equities Stock Performance
NYSE:ARE traded up $0.64 during trading hours on Friday, reaching $77.76. The stock had a trading volume of 1,628,005 shares, compared to its average volume of 1,174,581. The stock has a market cap of $13.45 billion, a P/E ratio of 43.20, a price-to-earnings-growth ratio of 3.93 and a beta of 1.24. The stock has a 50 day simple moving average of $92.65 and a 200 day simple moving average of $101.41. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. Alexandria Real Estate Equities, Inc. has a 12-month low of $71.57 and a 12-month high of $130.14.
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 EPS for the quarter, beating 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%. On average, research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.
Alexandria Real Estate Equities Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 6.79%. The ex-dividend date was Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 293.33%.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Jefferies Financial Group started coverage on Alexandria Real Estate Equities in a research note on Monday, March 17th. They set a "hold" rating and a $100.00 price target for the company. 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. JMP Securities reaffirmed a "market outperform" rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $118.60.
Read Our Latest Analysis on Alexandria Real Estate Equities
Alexandria Real Estate Equities Profile
(
Free Report)
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.
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