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

Balyasny Asset Management L.P. cut its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 4.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor 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 approximately 0.11% of Alexandria Real Estate Equities worth $19,027,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Alexandria Real Estate Equities during the 4th quarter worth about $1,605,426,000. JPMorgan Chase & Co. raised its position in shares of Alexandria Real Estate Equities by 212.9% during the fourth quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust's stock worth $806,337,000 after purchasing an additional 5,624,163 shares during the period. Geode Capital Management LLC grew its holdings in shares of Alexandria Real Estate Equities by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 4,135,591 shares of the real estate investment trust's stock worth $402,450,000 after buying an additional 96,771 shares in the last quarter. Capital World Investors bought a new position in shares of Alexandria Real Estate Equities during the 4th quarter worth approximately $326,959,000. Finally, Northern Trust Corp lifted its position in shares of Alexandria Real Estate Equities by 67.9% during the 4th quarter. Northern Trust Corp now owns 2,565,406 shares of the real estate investment trust's stock worth $250,255,000 after buying an additional 1,037,413 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ARE. StockNews.com raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. Jefferies Financial Group assumed coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a "hold" rating and a $100.00 target price for the company. JMP Securities reiterated a "market outperform" rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. Finally, Wedbush reiterated 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. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of "Hold" and a consensus target price of $118.60.

Alexandria Real Estate Equities Trading Down 2.7%

NYSE:ARE traded down $2.00 during trading hours on Tuesday, hitting $72.23. 693,723 shares of the stock were exchanged, compared to its average volume of 1,234,241. The company's 50 day moving average is $84.78 and its two-hundred day moving average is $96.09. Alexandria Real Estate Equities, Inc. has a twelve month low of $70.57 and a twelve month high of $130.14. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $12.49 billion, a P/E ratio of 40.13, a price-to-earnings-growth ratio of 3.93 and a beta of 1.27.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $2.30 EPS for the quarter, topping analysts' consensus estimates of $2.28 by $0.02. The company had revenue of $758.16 million for the quarter, compared to analysts' expectations of $755.64 million. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. Alexandria Real Estate Equities's revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the business earned $2.35 earnings per share. On average, sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal 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 given a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 7.31%. The ex-dividend date of this dividend was Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio is presently 694.74%.

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.