Commerce Bank Reduces Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Commerce Bank lowered its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 48.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,747 shares of the real estate investment trust's stock after selling 3,581 shares during the period. Commerce Bank's holdings in Alexandria Real Estate Equities were worth $366,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth $29,000. EverSource Wealth Advisors LLC grew its position in shares of Alexandria Real Estate Equities by 57.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock worth $29,000 after buying an additional 109 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Alexandria Real Estate Equities during the third quarter worth approximately $43,000. Spire Wealth Management raised its holdings in Alexandria Real Estate Equities by 72.5% in the fourth quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock valued at $58,000 after acquiring an additional 250 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in Alexandria Real Estate Equities by 129.9% in the fourth quarter. Versant Capital Management Inc now owns 745 shares of the real estate investment trust's stock worth $73,000 after acquiring an additional 421 shares during the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE:ARE traded down $5.05 during midday trading on Tuesday, hitting $71.93. The stock had a trading volume of 998,062 shares, compared to its average volume of 1,183,292. Alexandria Real Estate Equities, Inc. has a 1 year low of $71.57 and a 1 year high of $130.14. 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 stock has a 50 day moving average price of $90.06 and a two-hundred day moving average price of $99.32. The company has a market capitalization of $12.44 billion, a PE ratio of 40.22, a P/E/G ratio of 3.93 and a beta of 1.24.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $2.30 EPS for the quarter, beating the consensus estimate of $2.28 by $0.02. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. The business had revenue of $758.16 million during the quarter, compared to analysts' expectations of $755.64 million. During the same period last year, the firm earned $2.35 EPS. The company's quarterly revenue was down 1.4% compared to the same quarter last year. As a group, equities analysts predict 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 business also recently disclosed 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 dividend on an annualized basis and a yield of 7.34%. The ex-dividend date was Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio is currently 293.33%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a research note on Monday, March 17th. They set a "hold" rating and a $100.00 target price for the company. JMP Securities reiterated a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research 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, Wedbush reissued a "neutral" rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price 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.