Mackenzie Financial Corp Sells 3,741 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Mackenzie Financial Corp reduced its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 27.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 9,937 shares of the real estate investment trust's stock after selling 3,741 shares during the period. Mackenzie Financial Corp's holdings in Alexandria Real Estate Equities were worth $969,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Toronto Dominion Bank lifted its stake in shares of Alexandria Real Estate Equities by 8.0% during the 4th quarter. Toronto Dominion Bank now owns 83,423 shares of the real estate investment trust's stock valued at $8,138,000 after buying an additional 6,166 shares in the last quarter. GF Fund Management CO. LTD. bought a new position in shares of Alexandria Real Estate Equities in the fourth quarter worth $279,000. Public Employees Retirement System of Ohio bought a new position in shares of Alexandria Real Estate Equities in the fourth quarter worth $27,640,000. Inspire Trust Co. N.A. grew its position in shares of Alexandria Real Estate Equities by 30.0% in the fourth quarter. Inspire Trust Co. N.A. now owns 13,000 shares of the real estate investment trust's stock valued at $1,268,000 after purchasing an additional 3,000 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Alexandria Real Estate Equities by 1,038.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,610,074 shares of the real estate investment trust's stock valued at $157,063,000 after purchasing an additional 1,468,644 shares during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. JMP Securities reaffirmed a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Jefferies Financial Group assumed coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They set a "hold" rating and a $100.00 target price on the stock. Wall Street Zen upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, JPMorgan Chase & Co. decreased 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, May 20th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $116.00.

Alexandria Real Estate Equities Price Performance

NYSE ARE traded down $1.14 on Friday, reaching $70.11. 2,295,549 shares of the company's stock traded hands, compared to its average volume of 1,295,735. The stock has a market cap of $12.13 billion, a PE ratio of 38.95, a P/E/G 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. Alexandria Real Estate Equities, Inc. has a 12 month low of $67.37 and a 12 month high of $130.14. The stock has a 50-day simple moving average of $76.93 and a 200 day simple moving average of $92.17.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.28 by $0.02. The firm had revenue of $758.16 million for the quarter, compared to analysts' expectations of $755.64 million. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. The company's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the firm earned $2.35 earnings per share. As a group, research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared 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 7.53%. The ex-dividend date was Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 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.