Aristotle Atlantic Partners LLC Cuts Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Aristotle Atlantic Partners LLC lowered its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,813 shares of the real estate investment trust's stock after selling 6,711 shares during the quarter. Aristotle Atlantic Partners LLC owned about 0.06% of Alexandria Real Estate Equities worth $9,542,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ARE. EverSource Wealth Advisors LLC raised its stake in shares of Alexandria Real Estate Equities by 57.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 109 shares in the last quarter. Callan Capital LLC raised its position in Alexandria Real Estate Equities by 1.3% in the 4th quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust's stock valued at $873,000 after purchasing an additional 111 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of Alexandria Real Estate Equities by 6.0% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,119 shares of the real estate investment trust's stock valued at $207,000 after buying an additional 120 shares during the period. Wedbush Securities Inc. boosted its stake in shares of Alexandria Real Estate Equities by 5.8% in the 4th quarter. Wedbush Securities Inc. now owns 2,300 shares of the real estate investment trust's stock valued at $224,000 after buying an additional 126 shares during the period. Finally, M&T Bank Corp grew its position in shares of Alexandria Real Estate Equities by 0.7% during the fourth quarter. M&T Bank Corp now owns 19,478 shares of the real estate investment trust's stock worth $1,901,000 after buying an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ARE shares. Wedbush reiterated 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. JMP Securities reissued a "market outperform" rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. 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. Finally, Jefferies Financial Group initiated coverage on Alexandria Real Estate Equities in a research note on Monday, March 17th. They set a "hold" rating and a $100.00 price target for the company. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of "Hold" and an average price target of $118.60.

Alexandria Real Estate Equities Trading Up 0.5 %

Shares of NYSE:ARE traded up $0.33 during midday trading on Wednesday, reaching $71.90. The company's stock had a trading volume of 1,830,316 shares, compared to its average volume of 1,217,746. The firm has a market cap of $12.44 billion, a price-to-earnings ratio of 39.95, a price-to-earnings-growth ratio of 3.93 and a beta of 1.27. The business has a 50 day moving average price of $87.04 and a 200 day moving average price of $97.46. Alexandria Real Estate Equities, Inc. has a 1 year low of $70.57 and a 1 year high of $130.14. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $758.16 million for the quarter, compared to analyst estimates of $755.64 million. During the same period in the prior year, the firm posted $2.35 EPS. The company's revenue was down 1.4% on a year-over-year basis. Research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 7.34%. The ex-dividend date was Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently 694.74%.

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.