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

Ethic Inc. lessened its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 52.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,338 shares of the real estate investment trust's stock after selling 14,482 shares during the quarter. Ethic Inc.'s holdings in Alexandria Real Estate Equities were worth $1,301,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Alexandria Real Estate Equities during the fourth quarter worth about $1,605,426,000. JPMorgan Chase & Co. lifted its stake in Alexandria Real Estate Equities by 212.9% in the fourth quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust's stock valued at $806,337,000 after purchasing an additional 5,624,163 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Alexandria Real Estate Equities by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 4,135,591 shares of the real estate investment trust's stock worth $402,450,000 after buying an additional 96,771 shares in the last quarter. Capital World Investors bought a new stake in Alexandria Real Estate Equities during the 4th quarter valued at $326,959,000. Finally, Northern Trust Corp lifted its stake in shares of 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 period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Up 1.0%

NYSE ARE traded up $0.74 on Monday, hitting $73.59. The stock had a trading volume of 282,467 shares, compared to its average volume of 1,538,556. Alexandria Real Estate Equities, Inc. has a 52-week low of $70.15 and a 52-week high of $130.14. The stock has a market cap of $12.73 billion, a price-to-earnings ratio of 40.88, a price-to-earnings-growth 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 business's fifty day moving average price is $82.45 and its 200 day moving average price is $94.96.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its earnings results 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 firm had revenue of $758.16 million during the quarter, compared to analysts' expectations of $755.64 million. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. The business's revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.35 EPS. Equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 7.18%. The ex-dividend date was Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio is currently 694.74%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ARE. 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. Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a report on Monday, March 17th. They set a "hold" rating and a $100.00 price target on the stock. StockNews.com raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, JMP Securities reissued a "market outperform" rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus 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.