Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Bamco Inc. NY

Bamco Inc. NY trimmed its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 18.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 686,832 shares of the real estate investment trust's stock after selling 153,323 shares during the quarter. Bamco Inc. NY owned 0.40% of Alexandria Real Estate Equities worth $67,000,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Alexandria Real Estate Equities during the fourth quarter worth about $1,605,426,000. JPMorgan Chase & Co. grew its holdings in Alexandria Real Estate Equities by 212.9% during the 4th quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust's stock worth $806,337,000 after acquiring an additional 5,624,163 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Alexandria Real Estate Equities by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 4,135,591 shares of the real estate investment trust's stock valued at $402,450,000 after purchasing an additional 96,771 shares during the last quarter. Capital World Investors acquired a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at $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 purchasing an additional 1,037,413 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE traded up $0.33 during trading hours on Wednesday, reaching $71.90. 1,831,203 shares of the company's stock were exchanged, compared to its average volume of 1,219,966. Alexandria Real Estate Equities, Inc. has a 1-year low of $70.57 and a 1-year 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 firm has a market capitalization of $12.44 billion, a price-to-earnings ratio of 39.95, a P/E/G ratio of 3.93 and a beta of 1.27. The company has a 50-day moving average of $87.04 and a 200 day moving average of $97.46.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.02. The business had revenue of $758.16 million during the quarter, compared to the consensus estimate of $755.64 million. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. The business's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.35 earnings per share. Research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 7.34%. The ex-dividend date was Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio is presently 694.74%.

Analyst Ratings Changes

ARE has been the topic of several recent analyst reports. Jefferies Financial Group started coverage on Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a "hold" rating and a $100.00 target price on the stock. Wedbush reiterated a "neutral" rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. StockNews.com upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, JMP Securities reiterated a "market outperform" rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $118.60.

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.