Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Rafferty Asset Management LLC

Rafferty Asset Management LLC reduced its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 16.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,463 shares of the real estate investment trust's stock after selling 3,890 shares during the period. Rafferty Asset Management LLC's holdings in Alexandria Real Estate Equities were worth $1,996,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Park Avenue Securities LLC grew its position in shares of Alexandria Real Estate Equities by 65.7% during the fourth quarter. Park Avenue Securities LLC now owns 5,806 shares of the real estate investment trust's stock worth $566,000 after buying an additional 2,302 shares in the last quarter. Merit Financial Group LLC purchased a new position in Alexandria Real Estate Equities in the 4th quarter worth about $228,000. Arkadios Wealth Advisors grew its stake in Alexandria Real Estate Equities by 6.1% during the 4th quarter. Arkadios Wealth Advisors now owns 4,449 shares of the real estate investment trust's stock valued at $434,000 after acquiring an additional 256 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its position in Alexandria Real Estate Equities by 17.4% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 554,863 shares of the real estate investment trust's stock worth $54,127,000 after purchasing an additional 82,223 shares during the period. Finally, Park Place Capital Corp raised its stake in shares of Alexandria Real Estate Equities by 42.0% in the fourth quarter. Park Place Capital Corp now owns 2,319 shares of the real estate investment trust's stock valued at $226,000 after purchasing an additional 686 shares in the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. JMP Securities restated a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Wall Street Zen raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Wedbush reiterated a "neutral" rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their target price on Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday. Finally, Jefferies Financial Group initiated coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They issued a "hold" rating and a $100.00 price target for the company. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $116.00.

Alexandria Real Estate Equities Trading Down 1.1%

NYSE:ARE traded down $0.73 during trading hours on Friday, reaching $67.88. 1,310,431 shares of the stock were exchanged, compared to its average volume of 1,280,580. The company has a market capitalization of $11.74 billion, a price-to-earnings ratio of 37.71, a PEG ratio of 3.93 and a beta of 1.27. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a twelve month low of $67.37 and a twelve month high of $130.14. The business has a 50-day moving average of $79.63 and a two-hundred day moving average of $93.75.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced 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 return on equity of 1.43% and a net margin of 10.36%. The business had revenue of $758.16 million for the quarter, compared to analyst estimates of $755.64 million. During the same quarter in the previous year, the company earned $2.35 EPS. The company's quarterly revenue was down 1.4% on a year-over-year basis. On average, equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 7.78%. The ex-dividend date of this dividend was Monday, March 31st. Alexandria Real Estate Equities's payout ratio is presently 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.