Bessemer Group Inc. Sells 23,888 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

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

A number of other institutional investors have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its position 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 buying an additional 109 shares in the last quarter. Coldstream Capital Management Inc. increased its stake in Alexandria Real Estate Equities by 6.0% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,119 shares of the real estate investment trust's stock worth $207,000 after acquiring an additional 120 shares during the period. Wedbush Securities Inc. raised its holdings 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 valued at $224,000 after acquiring an additional 126 shares in the last quarter. M&T Bank Corp raised its holdings in Alexandria Real Estate Equities by 0.7% in the 4th quarter. M&T Bank Corp now owns 19,478 shares of the real estate investment trust's stock valued at $1,901,000 after acquiring an additional 127 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Alexandria Real Estate Equities by 16.4% during the 1st quarter. Farther Finance Advisors LLC now owns 1,084 shares of the real estate investment trust's stock valued at $99,000 after acquiring an additional 153 shares during the period. Institutional investors own 96.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ARE. Wall Street Zen upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a "hold" rating and a $100.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday, May 20th. Finally, JMP Securities reiterated a "market outperform" rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $116.00.

Alexandria Real Estate Equities Price Performance

ARE stock traded down $0.32 during trading on Friday, reaching $73.89. 438,422 shares of the company were exchanged, compared to its average volume of 1,351,957. The company has a market capitalization of $12.78 billion, a price-to-earnings ratio of 97.26, a P/E/G ratio of 6.20 and a beta of 1.25. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.22 and a quick ratio of 0.22. The company has a 50-day moving average of $72.49 and a two-hundred day moving average of $87.62. Alexandria Real Estate Equities, Inc. has a twelve month low of $67.37 and a twelve month high of $130.14.

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 for the quarter, topping analysts' consensus estimates 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 firm had revenue of $758.16 million for the quarter, compared to analysts' expectations of $755.64 million. During the same quarter in the previous year, the firm posted $2.35 earnings per share. The company's revenue was down 1.4% on a year-over-year basis. As a group, equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 7.15%. The ex-dividend date of this dividend is Monday, June 30th. Alexandria Real Estate Equities's payout ratio is 694.74%.

Alexandria Real Estate Equities 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.