Clearbridge Investments LLC Reduces Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Clearbridge Investments LLC trimmed its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 560,512 shares of the real estate investment trust's stock after selling 37,894 shares during the quarter. Clearbridge Investments LLC owned approximately 0.32% of Alexandria Real Estate Equities worth $54,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Proficio Capital Partners LLC bought a new stake in Alexandria Real Estate Equities during the 4th quarter valued at $29,000. EverSource Wealth Advisors LLC boosted its holdings 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 purchased a new position in Alexandria Real Estate Equities during the 3rd quarter valued at about $43,000. Spire Wealth Management grew its position in shares of Alexandria Real Estate Equities by 72.5% in the 4th quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock worth $58,000 after buying an additional 250 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake 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 period. Hedge funds and other institutional investors own 96.54% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages recently commented on ARE. Jefferies Financial Group initiated coverage on Alexandria Real Estate Equities in a research note on Monday, March 17th. They issued a "hold" rating and a $100.00 price target for the company. Wedbush reaffirmed a "neutral" rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Royal Bank of Canada reduced their price target 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 report on Tuesday, December 17th. StockNews.com upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday. Finally, JMP Securities reiterated a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a report 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. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $118.60.

Alexandria Real Estate Equities Stock Down 4.3 %

ARE stock traded down $3.73 on Friday, reaching $82.52. 1,766,280 shares of the company traded hands, compared to its average volume of 1,101,477. The firm has a fifty day simple moving average of $97.14 and a 200-day simple moving average of $104.95. The company has a market cap of $14.28 billion, a P/E ratio of 45.80, a price-to-earnings-growth ratio of 3.93 and a beta of 1.24. Alexandria Real Estate Equities, Inc. has a one year low of $81.38 and a one year high of $130.14. 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 earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, topping 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%. Research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities announced that its Board of Directors has authorized a stock buyback plan on Monday, December 9th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire up to 2.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its shares are undervalued.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $1.32 dividend. The ex-dividend date is Monday, March 31st. This represents a $5.28 annualized dividend and a yield of 6.40%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 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.