Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 7.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 112,175 shares of the real estate investment trust's stock after selling 9,473 shares during the period. The Manufacturers Life Insurance Company owned 0.06% of Alexandria Real Estate Equities worth $10,943,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fulton Bank N.A. boosted its position in Alexandria Real Estate Equities by 77.7% during the fourth quarter. Fulton Bank N.A. now owns 16,165 shares of the real estate investment trust's stock worth $1,577,000 after acquiring an additional 7,070 shares during the last quarter. Magnetar Financial LLC purchased a new stake in shares of Alexandria Real Estate Equities in the fourth quarter valued at $968,000. Hahn Capital Management LLC grew its position in shares of Alexandria Real Estate Equities by 50.4% in the fourth quarter. Hahn Capital Management LLC now owns 68,370 shares of the real estate investment trust's stock valued at $6,669,000 after purchasing an additional 22,926 shares during the period. CCLA Investment Management increased its stake in Alexandria Real Estate Equities by 4.0% in 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 purchasing an additional 32,367 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Alexandria Real Estate Equities by 5.0% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,541 shares of the real estate investment trust's stock worth $88,140,000 after buying an additional 42,825 shares during the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Price Performance

ARE stock opened at $74.44 on Monday. The stock has a 50-day simple moving average of $88.13 and a 200-day simple moving average of $97.98. The firm has a market cap of $12.88 billion, a P/E ratio of 41.36, a price-to-earnings-growth ratio of 3.93 and a beta of 1.27. 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, Inc. has a 1 year low of $70.57 and a 1 year high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.28 by $0.02. The company had revenue of $758.16 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $2.35 earnings per share. On average, 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $1.32 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a yield of 7.09%. Alexandria Real Estate Equities's payout ratio is currently 694.74%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ARE. JMP Securities reaffirmed a "market outperform" rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. Jefferies Financial Group began coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a "hold" rating and a $100.00 price target on the stock. Wedbush restated a "neutral" rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, StockNews.com upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $118.60.

About Alexandria Real Estate Equities

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.

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