Prudential Financial Inc. Sells 135,189 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Prudential Financial Inc. trimmed its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 34.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 256,328 shares of the real estate investment trust's stock after selling 135,189 shares during the quarter. Prudential Financial Inc. owned 0.15% of Alexandria Real Estate Equities worth $25,005,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised 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 buying an additional 109 shares during the last quarter. Callan Capital LLC increased its position in shares of Alexandria Real Estate Equities by 1.3% during the fourth quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust's stock worth $873,000 after acquiring an additional 111 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Alexandria Real Estate Equities by 0.7% in 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 during the last quarter. Garland Capital Management Inc. lifted its position in 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 in the last quarter. Finally, Private Trust Co. NA increased its holdings in Alexandria Real Estate Equities by 30.2% during the 4th quarter. Private Trust Co. NA now owns 776 shares of the real estate investment trust's stock worth $76,000 after purchasing an additional 180 shares in the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ARE shares. Wedbush reaffirmed 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. Royal Bank of Canada cut their price objective on shares of 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. JMP Securities reiterated a "market outperform" rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Jefferies Financial Group began coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They set a "hold" rating and a $100.00 price target on the stock. Finally, StockNews.com lowered shares of Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research note on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of "Hold" and a consensus price target of $118.60.

Alexandria Real Estate Equities Stock Performance

NYSE ARE traded down $3.10 on Monday, hitting $92.50. 2,126,696 shares of the stock traded hands, compared to its average volume of 1,087,469. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. The business's fifty day moving average is $97.82 and its two-hundred day moving average is $105.40. Alexandria Real Estate Equities, Inc. has a 12 month low of $91.15 and a 12 month high of $130.14. The firm has a market capitalization of $16.01 billion, a price-to-earnings ratio of 51.39, a PEG ratio of 3.93 and a beta of 1.17.

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 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, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

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

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $1.32 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $5.28 annualized dividend and a dividend yield of 5.71%. 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.