Balyasny Asset Management L.P. Reduces Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Balyasny Asset Management L.P. reduced its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 195,050 shares of the real estate investment trust's stock after selling 9,289 shares during the period. Balyasny Asset Management L.P. owned about 0.11% of Alexandria Real Estate Equities worth $19,027,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in Alexandria Real Estate Equities during the third quarter worth about $43,000. Fulton Bank N.A. boosted its position in Alexandria Real Estate Equities by 77.7% in 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 buying an additional 7,070 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Alexandria Real Estate Equities by 16.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,284 shares of the real estate investment trust's stock worth $515,000 after acquiring an additional 734 shares in the last quarter. Czech National Bank grew its stake in Alexandria Real Estate Equities by 6.3% during the 4th quarter. Czech National Bank now owns 33,724 shares of the real estate investment trust's stock worth $3,290,000 after purchasing an additional 2,010 shares in the last quarter. Finally, Green Alpha Advisors LLC grew its stake in Alexandria Real Estate Equities by 23.4% during the 4th quarter. Green Alpha Advisors LLC now owns 19,568 shares of the real estate investment trust's stock worth $1,909,000 after purchasing an additional 3,710 shares in the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Performance

NYSE ARE traded up $0.52 on Friday, reaching $74.21. The stock had a trading volume of 1,349,923 shares, compared to its average volume of 1,231,475. The business's 50-day moving average price is $85.34 and its 200 day moving average price is $96.50. The stock has a market cap of $12.84 billion, a P/E ratio of 41.23, a price-to-earnings-growth ratio of 3.93 and a beta of 1.27. Alexandria Real Estate Equities, Inc. has a 12-month low of $70.57 and a 12-month high of $130.14. 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 issued its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.02. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. The company had revenue of $758.16 million for the quarter, compared to the consensus estimate of $755.64 million. During the same period last year, the firm posted $2.35 EPS. Alexandria Real Estate Equities's revenue for the quarter was down 1.4% on a year-over-year basis. As a group, equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced 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 of this dividend was Monday, March 31st. This represents a $5.28 annualized dividend and a dividend yield of 7.11%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently 694.74%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ARE. JMP Securities restated a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. Jefferies Financial Group started coverage on shares of Alexandria Real Estate Equities in a research report on Monday, March 17th. They issued a "hold" rating and a $100.00 price objective on the stock. Wedbush reaffirmed a "neutral" rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Finally, StockNews.com upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Alexandria Real Estate Equities has an average rating of "Hold" and a consensus 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.