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

Clearbridge Investments LLC lowered its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in shares of Alexandria Real Estate Equities by 57.7% during the 4th 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 last quarter. Callan Capital LLC lifted its holdings in Alexandria Real Estate Equities by 1.3% during the 4th quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust's stock worth $873,000 after buying an additional 111 shares during the last quarter. M&T Bank Corp boosted its position in shares of Alexandria Real Estate Equities by 0.7% during the 4th quarter. M&T Bank Corp now owns 19,478 shares of the real estate investment trust's stock worth $1,901,000 after acquiring an additional 127 shares in the last quarter. Garland Capital Management Inc. increased its holdings in shares of Alexandria Real Estate Equities by 0.6% in the 4th quarter. Garland Capital Management Inc. now owns 29,580 shares of the real estate investment trust's stock valued at $2,886,000 after acquiring an additional 175 shares during the last quarter. Finally, Private Trust Co. NA increased its holdings in shares of Alexandria Real Estate Equities by 30.2% in the 4th quarter. Private Trust Co. NA now owns 776 shares of the real estate investment trust's stock valued at $76,000 after acquiring an additional 180 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE ARE traded down $4.93 during midday trading on Friday, reaching $81.32. 2,673,680 shares of the company were exchanged, compared to its average volume of 1,108,706. The stock has a market cap of $14.08 billion, a P/E ratio of 45.18, a PEG ratio of 3.93 and a beta of 1.24. Alexandria Real Estate Equities, Inc. has a 1 year low of $81.20 and a 1 year high of $130.14. The stock has a fifty day simple moving average of $96.73 and a 200 day simple moving average of $104.51. 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 announced its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share 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%. On average, research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities announced that its board has approved a stock repurchase plan on Monday, December 9th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the real estate investment trust to repurchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed 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. This represents a $5.28 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio is presently 293.33%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ARE. Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a "hold" rating and a $100.00 price target for the company. Wedbush restated a "neutral" rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. JMP Securities reiterated a "market outperform" rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. StockNews.com raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday. Finally, Royal Bank of Canada dropped their price objective on Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating on the stock in a report on Tuesday, December 17th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $118.60.

About Alexandria Real Estate Equities

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.