Ameriprise Financial Inc. Trims Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Ameriprise Financial Inc. lessened its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 31.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 212,850 shares of the real estate investment trust's stock after selling 96,770 shares during the quarter. Ameriprise Financial Inc. owned about 0.12% of Alexandria Real Estate Equities worth $20,754,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at approximately $407,000. Schonfeld Strategic Advisors LLC increased its holdings in Alexandria Real Estate Equities by 3,106.8% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 183,940 shares of the real estate investment trust's stock valued at $17,943,000 after purchasing an additional 178,204 shares during the last quarter. AQR Capital Management LLC increased its holdings in Alexandria Real Estate Equities by 495.8% in the 4th quarter. AQR Capital Management LLC now owns 248,047 shares of the real estate investment trust's stock valued at $24,108,000 after purchasing an additional 206,412 shares during the last quarter. Lido Advisors LLC increased its holdings in Alexandria Real Estate Equities by 19.4% in the 4th quarter. Lido Advisors LLC now owns 5,527 shares of the real estate investment trust's stock valued at $546,000 after purchasing an additional 898 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Alexandria Real Estate Equities by 67.9% in the 4th quarter. Northern Trust Corp now owns 2,565,406 shares of the real estate investment trust's stock valued at $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

Shares of ARE stock opened at $71.44 on Friday. The company's fifty day simple moving average is $82.98 and its 200-day simple moving average is $95.47. Alexandria Real Estate Equities, Inc. has a 52 week low of $70.15 and a 52 week 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 company has a market cap of $12.36 billion, a PE ratio of 39.69, a P/E/G ratio of 3.93 and a beta of 1.27.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released 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. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. The company had revenue of $758.16 million during the quarter, compared to the consensus estimate of $755.64 million. During the same quarter in the previous year, the firm earned $2.35 EPS. The company's revenue was down 1.4% on a year-over-year basis. As a group, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 7.39%. The ex-dividend date was Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio is currently 694.74%.

Analysts Set New Price Targets

ARE has been the subject of several research reports. JMP Securities restated 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. Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a research note on Monday, March 17th. They issued a "hold" rating and a $100.00 price target for the company. Wedbush restated a "neutral" rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $118.60.

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.

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