Sei Investments Co. Sells 4,996 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Sei Investments Co. lowered its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 98,206 shares of the real estate investment trust's stock after selling 4,996 shares during the quarter. Sei Investments Co. owned approximately 0.06% of Alexandria Real Estate Equities worth $9,581,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ARE. Private Trust Co. NA raised its holdings in Alexandria Real Estate Equities by 113.6% during the 3rd quarter. Private Trust Co. NA now owns 596 shares of the real estate investment trust's stock valued at $71,000 after acquiring an additional 317 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Alexandria Real Estate Equities by 0.8% in the third quarter. The Manufacturers Life Insurance Company now owns 121,648 shares of the real estate investment trust's stock valued at $14,446,000 after purchasing an additional 948 shares in the last quarter. Townsquare Capital LLC lifted its holdings in Alexandria Real Estate Equities by 24.2% during the 3rd quarter. Townsquare Capital LLC now owns 2,801 shares of the real estate investment trust's stock worth $333,000 after purchasing an additional 545 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in Alexandria Real Estate Equities by 24.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 27,183 shares of the real estate investment trust's stock worth $3,228,000 after purchasing an additional 5,327 shares during the period. Finally, Hantz Financial Services Inc. boosted its stake in Alexandria Real Estate Equities by 11.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 4,121 shares of the real estate investment trust's stock worth $489,000 after purchasing an additional 418 shares during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ARE shares. Royal Bank of Canada lowered their price target 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. StockNews.com raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday. Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a "hold" rating and a $100.00 price target on the stock. Wedbush reaffirmed a "neutral" rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. 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 note on Wednesday, January 29th. Ten 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.com, the company presently has an average rating of "Hold" and a consensus price target of $118.60.

Alexandria Real Estate Equities Trading Down 6.7 %

Shares of NYSE ARE traded down $6.20 during midday trading on Thursday, reaching $86.13. The company had a trading volume of 1,790,640 shares, compared to its average volume of 1,098,438. The firm's fifty day moving average price is $97.14 and its 200-day moving average price is $104.95. 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 one year low of $86.00 and a one year high of $130.14. The stock has a market cap of $14.91 billion, a PE ratio of 47.85, 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 announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, beating 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%. On average, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.13%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities's payout ratio is 293.33%.

Alexandria Real Estate Equities announced that its board has initiated a stock buyback program on Monday, December 9th that allows the company to repurchase $500.00 million in outstanding 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 usually a sign that the company's board of directors believes its shares are 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.