Alexandria Real Estate Equities, Inc. (NYSE:ARE) Holdings Cut by Bessemer Group Inc.

Bessemer Group Inc. cut its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 5.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 449,055 shares of the real estate investment trust's stock after selling 23,888 shares during the period. Bessemer Group Inc. owned 0.26% of Alexandria Real Estate Equities worth $41,542,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ARE. Norges Bank acquired a new position in Alexandria Real Estate Equities in the 4th quarter valued at $1,605,426,000. JPMorgan Chase & Co. increased its holdings in shares of Alexandria Real Estate Equities by 212.9% during 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 buying an additional 5,624,163 shares during the last quarter. Capital World Investors acquired a new stake in shares of Alexandria Real Estate Equities during the 4th quarter worth $326,959,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings 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 worth $157,063,000 after buying an additional 1,468,644 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of 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 worth $250,255,000 after buying an additional 1,037,413 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Down 1.2%

NYSE:ARE traded down $0.92 on Friday, reaching $73.29. The stock had a trading volume of 2,405,942 shares, compared to its average volume of 1,363,797. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average of $72.40 and a 200 day moving average of $87.18. The stock has a market cap of $12.68 billion, a P/E ratio of 96.43, a price-to-earnings-growth ratio of 6.18 and a beta of 1.25. Alexandria Real Estate Equities, Inc. has a 12-month low of $67.37 and a 12-month 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 the consensus estimate of $2.28 by $0.02. Alexandria Real Estate Equities had a net margin of 4.62% and a return on equity of 0.64%. The business had revenue of $758.16 million for the quarter, compared to analysts' expectations of $755.64 million. During the same quarter last year, the company posted $2.35 earnings per share. The company's quarterly revenue was down 1.4% compared to the same quarter last year. On average, research analysts predict 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 declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $1.32 per share. The ex-dividend date is Monday, June 30th. This represents a $5.28 annualized dividend and a dividend yield of 7.20%. Alexandria Real Estate Equities's payout ratio is 694.74%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ARE shares. 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. Wall Street Zen upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a "hold" rating and a $100.00 price target for the company. Finally, JPMorgan Chase & Co. lowered their price target on Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating for the company in a report on Tuesday, May 20th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $116.00.

Alexandria Real Estate Equities Company 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.