Sterling Capital Management LLC Has $1.28 Million Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Sterling Capital Management LLC cut its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 47.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,165 shares of the real estate investment trust's stock after selling 12,049 shares during the period. Sterling Capital Management LLC's holdings in Alexandria Real Estate Equities were worth $1,284,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new stake in Alexandria Real Estate Equities during the 4th quarter worth $29,000. EverSource Wealth Advisors LLC grew its stake in Alexandria Real Estate Equities by 57.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 109 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Alexandria Real Estate Equities in the third quarter worth about $43,000. Spire Wealth Management raised its position in shares of Alexandria Real Estate Equities by 72.5% during the fourth quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock worth $58,000 after purchasing an additional 250 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in shares of Alexandria Real Estate Equities by 129.9% during 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 in the last quarter. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Stock Up 0.8 %

NYSE ARE traded up $0.64 during trading hours on Friday, hitting $77.76. 1,628,005 shares of the company traded hands, compared to its average volume of 1,174,730. The stock has a market capitalization of $13.45 billion, a price-to-earnings ratio of 43.20, a P/E/G ratio of 3.93 and a beta of 1.24. Alexandria Real Estate Equities, Inc. has a twelve month low of $71.57 and a twelve month high of $130.14. The business's 50-day moving average is $92.31 and its 200-day moving average is $101.14. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21.

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%. Sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $1.32 dividend. The ex-dividend date was Monday, March 31st. This represents a $5.28 annualized dividend and a yield of 6.79%. Alexandria Real Estate Equities's dividend payout ratio is 293.33%.

Analyst Ratings Changes

A number of research firms recently issued reports on ARE. JMP Securities reissued a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Jefferies Financial Group began coverage on shares of Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a "hold" rating and a $100.00 price objective for the company. StockNews.com raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, Wedbush reissued a "neutral" rating and issued a $104.00 price target 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $118.60.

Alexandria Real Estate Equities 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.