Guggenheim Capital LLC Trims Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Guggenheim Capital LLC decreased its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 87.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,312 shares of the real estate investment trust's stock after selling 169,090 shares during the period. Guggenheim Capital LLC's holdings in Alexandria Real Estate Equities were worth $2,469,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ARE. Proficio Capital Partners LLC purchased a new position in shares of Alexandria Real Estate Equities in the 4th quarter worth approximately $29,000. EverSource Wealth Advisors LLC lifted its holdings in 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 acquiring an additional 109 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Alexandria Real Estate Equities in the third quarter worth $43,000. Spire Wealth Management grew its stake in 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 valued at $58,000 after purchasing an additional 250 shares during the period. Finally, Versant Capital Management Inc increased its position in shares of Alexandria Real Estate Equities by 129.9% during the 4th quarter. Versant Capital Management Inc now owns 745 shares of the real estate investment trust's stock valued at $73,000 after purchasing an additional 421 shares during the last quarter. Institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Performance

Shares of Alexandria Real Estate Equities stock traded up $0.71 during trading hours on Wednesday, reaching $76.97. 1,462,276 shares of the stock traded hands, compared to its average volume of 1,180,301. Alexandria Real Estate Equities, Inc. has a one year low of $71.57 and a one year high of $130.14. The firm has a market capitalization of $13.32 billion, a price-to-earnings ratio of 42.76, a P/E/G ratio of 3.93 and a beta of 1.24. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The company has a 50 day moving average price of $91.53 and a 200 day moving average price of $100.49.

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 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%. On average, equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.86%. The ex-dividend date of this dividend was Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio (DPR) is 293.33%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ARE shares. Jefferies Financial Group began coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a "hold" rating and a $100.00 price target on the stock. 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. Wedbush reiterated a "neutral" rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a research 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 research note on Thursday, April 3rd. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $118.60.

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.