Russell Investments Group Ltd. Sells 23,443 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Russell Investments Group Ltd. reduced its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 14.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 134,027 shares of the real estate investment trust's stock after selling 23,443 shares during the quarter. Russell Investments Group Ltd. owned 0.08% of Alexandria Real Estate Equities worth $13,075,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in shares of 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 valued at $29,000 after buying an additional 109 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Alexandria Real Estate Equities during the 3rd quarter worth about $43,000. Spire Wealth Management grew its stake in Alexandria Real Estate Equities by 72.5% during the 4th quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock valued at $58,000 after acquiring an additional 250 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Alexandria Real Estate Equities by 129.9% in 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 period. Finally, Sherman Asset Management Inc. purchased a new stake in shares of Alexandria Real Estate Equities in the fourth quarter worth approximately $75,000. Hedge funds and other institutional investors own 96.54% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages recently commented on ARE. StockNews.com raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. Wedbush restated a "neutral" rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a report on Monday, March 17th. They set a "hold" rating and a $100.00 price objective for the company. Royal Bank of Canada reduced their price objective on Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating for the company in a research report on Tuesday, December 17th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $118.60.

Alexandria Real Estate Equities Stock Performance

Shares of Alexandria Real Estate Equities stock traded down $0.26 on Wednesday, reaching $78.86. The stock had a trading volume of 159,447 shares, compared to its average volume of 1,454,446. 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 50-day moving average price is $93.38 and its two-hundred day moving average price is $101.86. The stock has a market cap of $13.64 billion, a P/E ratio of 43.83, a price-to-earnings-growth ratio of 3.93 and a beta of 1.24. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $71.57 and a fifty-two week high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, topping analysts' consensus estimates 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, sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 6.70%. The ex-dividend date was Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently 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.