Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Ameriprise Financial Inc.

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

A number of other institutional investors and hedge funds have also recently modified their holdings of ARE. Norges Bank purchased a new position in Alexandria Real Estate Equities during the fourth quarter worth $1,605,426,000. JPMorgan Chase & Co. lifted its holdings in shares of Alexandria Real Estate Equities by 212.9% in 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 during the last quarter. Geode Capital Management LLC boosted its stake in shares of Alexandria Real Estate Equities by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 4,135,591 shares of the real estate investment trust's stock worth $402,450,000 after purchasing an additional 96,771 shares during the period. Capital World Investors bought a new position in Alexandria Real Estate Equities during the 4th quarter valued at about $326,959,000. Finally, Northern Trust Corp grew its holdings in 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 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 Down 3.1%

Shares of NYSE:ARE traded down $2.23 during trading on Wednesday, reaching $69.95. The stock had a trading volume of 206,196 shares, compared to its average volume of 1,264,445. The firm's 50-day simple moving average is $81.48 and its 200 day simple moving average is $94.55. The company has a market capitalization of $12.10 billion, a P/E ratio of 38.95, a PEG ratio of 3.93 and a beta of 1.27. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a one year low of $69.96 and a one year high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $2.30 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $758.16 million during the quarter, compared to analysts' expectations of $755.64 million. During the same quarter in the previous year, the firm posted $2.35 EPS. The firm's revenue was down 1.4% compared to the same quarter last year. As a group, research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 7.55%. The ex-dividend date of this dividend was Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently 694.74%.

Analysts Set New Price Targets

ARE has been the subject of several recent analyst reports. Wedbush restated a "neutral" rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. JMP Securities restated a "market outperform" rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. StockNews.com upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. JPMorgan Chase & Co. cut their price target on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday. Finally, Jefferies Financial Group began coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They set a "hold" rating and a $100.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $116.00.

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.