NFJ Investment Group LLC Sells 5,301 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

NFJ Investment Group LLC lessened its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 844,192 shares of the real estate investment trust's stock after selling 5,301 shares during the period. Alexandria Real Estate Equities accounts for approximately 2.6% of NFJ Investment Group LLC's portfolio, making the stock its 3rd biggest position. NFJ Investment Group LLC owned about 0.49% of Alexandria Real Estate Equities worth $82,351,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ARE. Norges Bank purchased a new position in Alexandria Real Estate Equities during the 4th quarter valued at about $1,605,426,000. JPMorgan Chase & Co. increased its stake in shares of Alexandria Real Estate Equities by 212.9% during the fourth quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust's stock worth $806,337,000 after buying an additional 5,624,163 shares during the period. PGGM Investments lifted its stake in Alexandria Real Estate Equities by 3,602.0% during the fourth quarter. PGGM Investments now owns 958,857 shares of the real estate investment trust's stock worth $93,537,000 after purchasing an additional 932,956 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at about $34,170,000. Finally, Analyst IMS Investment Management Services Ltd. grew its position in shares of Alexandria Real Estate Equities by 170.1% during the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 486,103 shares of the real estate investment trust's stock worth $47,419,000 after acquiring an additional 306,145 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on ARE shares. Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a research note on Monday, March 17th. They issued a "hold" rating and a $100.00 target price on the stock. JMP Securities reaffirmed 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 upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, Wedbush restated a "neutral" rating and issued a $104.00 price target 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 issued a buy rating to the stock. According to MarketBeat, Alexandria Real Estate Equities has a consensus rating of "Hold" and a consensus target price of $118.60.

Alexandria Real Estate Equities Trading Down 3.5 %

Shares of ARE stock traded down $2.73 during mid-day trading on Monday, reaching $75.11. The company's stock had a trading volume of 253,948 shares, compared to its average volume of 1,172,054. The company's 50 day simple moving average is $92.31 and its 200-day simple moving average is $100.93. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a 12-month low of $71.57 and a 12-month high of $130.14. The firm has a market capitalization of $12.99 billion, a PE ratio of 41.73, 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 issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (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 predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $1.32 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $5.28 annualized dividend and a dividend yield of 7.03%. Alexandria Real Estate Equities's payout ratio is 293.33%.

Alexandria Real Estate Equities Company 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.