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

Wealth Alliance trimmed its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 54.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,632 shares of the real estate investment trust's stock after selling 3,101 shares during the period. Wealth Alliance's holdings in Alexandria Real Estate Equities were worth $257,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of ARE. Fulton Bank N.A. increased its holdings in shares of Alexandria Real Estate Equities by 77.7% during the 4th quarter. Fulton Bank N.A. now owns 16,165 shares of the real estate investment trust's stock valued at $1,577,000 after purchasing an additional 7,070 shares in the last quarter. CCLA Investment Management grew its position in Alexandria Real Estate Equities by 4.0% during the fourth quarter. CCLA Investment Management now owns 841,435 shares of the real estate investment trust's stock valued at $82,023,000 after buying an additional 32,367 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in Alexandria Real Estate Equities by 5.0% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,541 shares of the real estate investment trust's stock valued at $88,140,000 after buying an additional 42,825 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Alexandria Real Estate Equities by 67.3% in the third quarter. CIBC Asset Management Inc now owns 37,276 shares of the real estate investment trust's stock valued at $4,427,000 after buying an additional 14,992 shares in the last quarter. Finally, Vert Asset Management LLC raised its position in shares of Alexandria Real Estate Equities by 13.8% in the fourth quarter. Vert Asset Management LLC now owns 69,445 shares of the real estate investment trust's stock worth $6,774,000 after acquiring an additional 8,435 shares during the period. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Trading Up 4.0 %

NYSE ARE traded up $3.93 on Tuesday, reaching $101.11. 658,830 shares of the company were exchanged, compared to its average volume of 1,331,879. 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 business's fifty day moving average price is $97.76 and its 200 day moving average price is $108.70. The stock has a market capitalization of $17.50 billion, a P/E ratio of 56.15, a price-to-earnings-growth ratio of 3.93 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $93.25 and a fifty-two week high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, beating 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%. Analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $1.32 dividend. This is an increase from Alexandria Real Estate Equities's previous quarterly dividend of $1.30. This represents a $5.28 annualized dividend and a yield of 5.22%. The ex-dividend date was Tuesday, December 31st. Alexandria Real Estate Equities's payout ratio is currently 293.33%.

Alexandria Real Estate Equities declared that its board has approved a stock buyback plan 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 buy up to 2.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

ARE has been the topic of several recent analyst reports. Wedbush reaffirmed a "neutral" rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Robert W. Baird decreased their price target on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating on the stock in a research note on Friday, November 8th. JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. StockNews.com lowered Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Finally, 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 note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of "Hold" and a consensus price target of $121.30.

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.