Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale trimmed its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 53.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 68,903 shares of the real estate investment trust's stock after selling 78,111 shares during the period. DekaBank Deutsche Girozentrale's holdings in Alexandria Real Estate Equities were worth $6,377,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in ARE. Proficio Capital Partners LLC acquired a new position in Alexandria Real Estate Equities during the 4th quarter worth about $29,000. Jones Financial Companies Lllp lifted its stake in Alexandria Real Estate Equities by 192.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,119 shares of the real estate investment trust's stock worth $109,000 after acquiring an additional 737 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Alexandria Real Estate Equities during the 4th quarter worth about $34,170,000. EverSource Wealth Advisors LLC lifted its stake in Alexandria Real Estate Equities by 57.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 109 shares in the last quarter. Finally, Vestcor Inc lifted its stake in Alexandria Real Estate Equities by 41.2% during the 4th quarter. Vestcor Inc now owns 40,871 shares of the real estate investment trust's stock worth $3,987,000 after acquiring an additional 11,934 shares in the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on ARE. BNP Paribas Exane decreased their target price on Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. JMP Securities reaffirmed a "market outperform" rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. Mizuho reduced their price target on Alexandria Real Estate Equities from $121.00 to $91.00 in a research report on Thursday, June 12th. Wall Street Zen raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, Royal Bank Of Canada reduced their price target on Alexandria Real Estate Equities from $114.00 to $100.00 in a research report on Monday, May 12th. Eleven investment 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, the company presently has a consensus rating of "Hold" and a consensus target price of $99.54.

Alexandria Real Estate Equities Stock Up 0.4%

Shares of ARE traded up $0.35 during mid-day trading on Friday, reaching $79.64. The company's stock had a trading volume of 1,310,721 shares, compared to its average volume of 1,392,362. 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 market cap of $13.78 billion, a PE ratio of 104.79, a price-to-earnings-growth ratio of 6.71 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's 50 day moving average is $72.66 and its 200 day moving average is $85.66.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $2.30 EPS for the quarter, beating analysts' consensus estimates of $2.28 by $0.02. Alexandria Real Estate Equities had a return on equity of 0.64% and a net margin of 4.62%. The business had revenue of $758.16 million for the quarter, compared to the consensus estimate of $755.64 million. During the same quarter in the prior year, the business posted $2.35 EPS. The business's revenue for the quarter was down 1.4% on a year-over-year basis. Equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 6.63%. The ex-dividend date is Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is 694.74%.

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.