Envestnet Portfolio Solutions Inc. Has $1.61 Million Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

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

Other institutional investors have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. raised its holdings in shares of Alexandria Real Estate Equities by 18.6% during the fourth quarter. D.A. Davidson & CO. now owns 2,810 shares of the real estate investment trust's stock worth $274,000 after purchasing an additional 440 shares during the period. Global Retirement Partners LLC raised its stake in Alexandria Real Estate Equities by 78.4% during the fourth quarter. Global Retirement Partners LLC now owns 803 shares of the real estate investment trust's stock worth $78,000 after acquiring an additional 353 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Alexandria Real Estate Equities by 33.5% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 23,488 shares of the real estate investment trust's stock worth $2,291,000 after acquiring an additional 5,900 shares during the period. Y Intercept Hong Kong Ltd lifted its holdings in Alexandria Real Estate Equities by 11.1% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 11,523 shares of the real estate investment trust's stock worth $1,124,000 after acquiring an additional 1,152 shares during the last quarter. Finally, Brown Financial Advisors boosted its stake in Alexandria Real Estate Equities by 26.6% in the fourth quarter. Brown Financial Advisors now owns 4,416 shares of the real estate investment trust's stock valued at $431,000 after acquiring an additional 929 shares during the period. 96.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ARE shares. JMP Securities reissued a "market outperform" rating and issued a $130.00 price target 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 research note on Thursday, April 3rd. Jefferies Financial Group started coverage on shares of Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a "hold" rating and a $100.00 price target for the company. Finally, JPMorgan Chase & Co. cut 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 report on Tuesday, May 20th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $116.00.

Alexandria Real Estate Equities Trading Down 1.2%

NYSE ARE traded down $0.92 on Friday, hitting $73.29. 2,405,924 shares of the stock were exchanged, compared to its average volume of 1,359,542. The company's 50-day moving average price is $72.49 and its two-hundred day moving average price is $87.62. The company has a market capitalization of $12.68 billion, a price-to-earnings ratio of 96.43, a P/E/G ratio of 6.20 and a beta of 1.25. Alexandria Real Estate Equities, Inc. has a 52-week low of $67.37 and a 52-week high of $130.14. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.22 and a quick ratio of 0.22.

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 earnings per share for the quarter, beating analysts' consensus estimates of $2.28 by $0.02. The business had revenue of $758.16 million for the quarter, compared to the consensus estimate of $755.64 million. Alexandria Real Estate Equities had a return on equity of 0.64% and a net margin of 4.62%. Alexandria Real Estate Equities's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.35 earnings per share. Research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS 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 $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 7.20%. The ex-dividend date is Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is 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.