Axa S.A. Has $17.48 Million Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

AXA S.A. decreased its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 14.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 179,214 shares of the real estate investment trust's stock after selling 29,165 shares during the quarter. AXA S.A. owned 0.10% of Alexandria Real Estate Equities worth $17,482,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ARE. EverSource Wealth Advisors LLC boosted its holdings 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 worth $29,000 after buying an additional 109 shares during the period. Callan Capital LLC raised its holdings in shares of Alexandria Real Estate Equities by 1.3% during the fourth quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust's stock valued at $873,000 after acquiring an additional 111 shares during the period. Coldstream Capital Management Inc. lifted its position 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 acquiring an additional 120 shares in the last quarter. Wedbush Securities Inc. boosted its stake in 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 worth $224,000 after purchasing an additional 126 shares during the period. Finally, M&T Bank Corp grew its position in Alexandria Real Estate Equities by 0.7% during the 4th quarter. M&T Bank Corp now owns 19,478 shares of the real estate investment trust's stock worth $1,901,000 after purchasing an additional 127 shares in 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 traded up $0.33 during trading on Wednesday, reaching $71.90. The company had a trading volume of 1,831,203 shares, compared to its average volume of 1,219,966. The company has a market capitalization of $12.44 billion, a PE ratio of 39.95, a PEG ratio of 3.93 and a beta of 1.27. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The firm's 50 day simple moving average is $86.43 and its two-hundred day simple moving average is $97.28. Alexandria Real Estate Equities, Inc. has a one year low of $70.57 and a one 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, topping the consensus estimate of $2.28 by $0.02. The business 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 quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.35 EPS. Sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a 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%.

Wall Street Analyst Weigh In

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