Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,672 shares of the real estate investment trust's stock after selling 3,719 shares during the quarter. Voya Investment Management LLC's holdings in Alexandria Real Estate Equities were worth $4,553,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ARE. Proficio Capital Partners LLC acquired a new position in shares of Alexandria Real Estate Equities in the fourth quarter valued at approximately $29,000. EverSource Wealth Advisors LLC grew its stake in Alexandria Real Estate Equities by 57.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 109 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Alexandria Real Estate Equities in the 3rd quarter valued at $43,000. Spire Wealth Management lifted its stake in shares of Alexandria Real Estate Equities by 72.5% during the 4th quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock worth $58,000 after purchasing an additional 250 shares during the period. Finally, Versant Capital Management Inc grew its position in shares of 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 valued at $73,000 after purchasing an additional 421 shares during the period. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Up 1.4 %

Alexandria Real Estate Equities stock traded up $1.02 during trading on Friday, reaching $74.44. 1,389,066 shares of the company's stock were exchanged, compared to its average volume of 1,208,187. The firm has a market cap of $12.88 billion, a price-to-earnings ratio of 41.36, a PEG 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 52-week low of $70.57 and a 52-week high of $130.14. The company's 50-day moving average is $88.13 and its two-hundred day moving average is $98.14.

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, beating the consensus estimate of $2.28 by $0.02. The company 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%. Alexandria Real Estate Equities's revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the company earned $2.35 earnings per share. On average, analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $1.32 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $5.28 annualized dividend and a yield of 7.09%. Alexandria Real Estate Equities's dividend payout ratio is presently 694.74%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on 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. Wedbush restated a "neutral" rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Jefferies Financial Group assumed 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 price target on the stock. Finally, StockNews.com raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Alexandria Real Estate Equities currently has an average rating of "Hold" and an average target price 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.