Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. reduced its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 19.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,396 shares of the real estate investment trust's stock after selling 4,184 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Alexandria Real Estate Equities were worth $1,609,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Bank of America Corp DE boosted its stake in shares of Alexandria Real Estate Equities by 218.1% in the fourth quarter. Bank of America Corp DE now owns 1,164,554 shares of the real estate investment trust's stock valued at $113,602,000 after purchasing an additional 798,438 shares during the period. ProShare Advisors LLC boosted its stake in shares of Alexandria Real Estate Equities by 53.8% in the fourth quarter. ProShare Advisors LLC now owns 42,925 shares of the real estate investment trust's stock valued at $4,187,000 after purchasing an additional 15,012 shares during the period. Magnetar Financial LLC purchased a new position in shares of Alexandria Real Estate Equities in the fourth quarter valued at $968,000. Cetera Investment Advisers boosted its stake in shares of Alexandria Real Estate Equities by 35.0% in the fourth quarter. Cetera Investment Advisers now owns 25,980 shares of the real estate investment trust's stock valued at $2,534,000 after purchasing an additional 6,741 shares during the period. Finally, Hahn Capital Management LLC boosted its stake in shares of Alexandria Real Estate Equities by 50.4% in the fourth quarter. Hahn Capital Management LLC now owns 68,370 shares of the real estate investment trust's stock valued at $6,669,000 after purchasing an additional 22,926 shares during the period. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE:ARE traded up $2.48 on Tuesday, reaching $75.40. 2,916,565 shares of the company's stock were exchanged, compared to its average volume of 1,344,958. The firm has a market capitalization of $13.04 billion, a price-to-earnings ratio of 99.21, a PEG ratio of 6.14 and a beta of 1.25. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $67.37 and a fifty-two week high of $130.14. The business's 50-day moving average is $72.62 and its two-hundred day moving average is $87.94. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.60.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued 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. The company had revenue of $758.16 million for the quarter, compared to analysts' expectations of $755.64 million. Alexandria Real Estate Equities had a net margin of 4.62% and a return on equity of 0.64%. The firm's revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.35 earnings per share. As a group, equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $1.32 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 7.00%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 694.74%.

Wall Street Analyst Weigh In

ARE has been the subject of several analyst reports. 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. JMP Securities reiterated a "market outperform" rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. JPMorgan Chase & Co. reduced their price objective on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 20th. Finally, Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a research note on Monday, March 17th. They set a "hold" rating and a $100.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Alexandria Real Estate Equities currently has an average rating of "Hold" and a consensus 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.