Orion Portfolio Solutions LLC Sells 7,824 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Orion Portfolio Solutions LLC trimmed its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 30.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,656 shares of the real estate investment trust's stock after selling 7,824 shares during the period. Orion Portfolio Solutions LLC's holdings in Alexandria Real Estate Equities were worth $1,722,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in Alexandria Real Estate Equities during the fourth quarter valued at approximately $1,605,426,000. JPMorgan Chase & Co. lifted its position in shares of Alexandria Real Estate Equities by 212.9% in the 4th quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust's stock worth $806,337,000 after acquiring an additional 5,624,163 shares during the period. PGGM Investments boosted 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 buying an additional 932,956 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at about $34,170,000. Finally, Analyst IMS Investment Management Services Ltd. boosted its holdings in 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 valued at $47,419,000 after purchasing an additional 306,145 shares in the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ARE shares. Jefferies Financial Group assumed coverage on shares of Alexandria Real Estate Equities in a research note on Monday, March 17th. They set a "hold" rating and a $100.00 price objective on the stock. Wedbush reissued a "neutral" rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. StockNews.com raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday. JMP Securities reissued a "market outperform" rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada cut their price target on Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating on the stock in a research note on Tuesday, December 17th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Alexandria Real Estate Equities 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 $3.47 during midday trading on Monday, hitting $77.81. The company's stock had a trading volume of 3,551,556 shares, compared to its average volume of 1,118,440. The company's fifty day moving average price is $96.25 and its 200 day moving average price is $104.06. 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, Inc. has a twelve month low of $76.50 and a twelve month high of $130.14. The stock has a market capitalization of $13.47 billion, a P/E ratio of 43.23, a PEG ratio of 3.93 and a beta of 1.24.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.79%. The ex-dividend date of this dividend is Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio is presently 293.33%.

Alexandria Real Estate Equities announced that its board has authorized a stock buyback program 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 purchase up to 2.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.

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.