Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Pasadena Private Wealth LLC

Pasadena Private Wealth LLC reduced its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 33.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,180 shares of the real estate investment trust's stock after selling 3,106 shares during the period. Pasadena Private Wealth LLC's holdings in Alexandria Real Estate Equities were worth $603,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ARE. Capital Square LLC lifted its stake in shares of Alexandria Real Estate Equities by 2.1% during the 3rd quarter. Capital Square LLC now owns 5,811 shares of the real estate investment trust's stock worth $690,000 after acquiring an additional 118 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Alexandria Real Estate Equities by 5.1% during the 3rd quarter. Private Advisor Group LLC now owns 2,651 shares of the real estate investment trust's stock worth $315,000 after acquiring an additional 129 shares during the last quarter. Avitas Wealth Management LLC lifted its stake in shares of Alexandria Real Estate Equities by 1.5% during the 3rd quarter. Avitas Wealth Management LLC now owns 10,910 shares of the real estate investment trust's stock worth $1,296,000 after acquiring an additional 163 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Alexandria Real Estate Equities by 144.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 180 shares during the last quarter. Finally, Keudell Morrison Wealth Management lifted its stake in shares of Alexandria Real Estate Equities by 8.7% during the 4th quarter. Keudell Morrison Wealth Management now owns 2,422 shares of the real estate investment trust's stock worth $236,000 after acquiring an additional 194 shares during the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Stock Up 0.1 %

Shares of NYSE:ARE traded up $0.07 on Friday, reaching $95.59. The company had a trading volume of 1,101,349 shares, compared to its average volume of 1,364,003. Alexandria Real Estate Equities, Inc. has a 52-week low of $93.25 and a 52-week high of $130.14. The firm's 50 day simple moving average is $97.85 and its 200-day simple moving average is $108.84. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $16.55 billion, a PE ratio of 53.11, a PEG ratio of 3.93 and a beta of 1.16.

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, topping 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%. As a group, analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities declared that its Board of Directors has authorized a stock buyback program on Monday, December 9th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to purchase up to 2.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Alexandria Real Estate Equities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 5.52%. This is an increase from Alexandria Real Estate Equities's previous quarterly dividend of $1.30. The ex-dividend date was Tuesday, December 31st. Alexandria Real Estate Equities's payout ratio is 293.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada decreased their price target on Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating for the company in a research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft downgraded Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $135.00 to $112.00 in a report on Friday, November 15th. StockNews.com downgraded Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a report on Thursday. Wedbush restated a "neutral" rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, JMP Securities restated 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $121.30.

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.