Alexandria Real Estate Equities, Inc. (NYSE:ARE) Stake Lessened by Two Sigma Investments LP

Two Sigma Investments LP lowered its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 78.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,170 shares of the real estate investment trust's stock after selling 56,333 shares during the period. Two Sigma Investments LP's holdings in Alexandria Real Estate Equities were worth $1,480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new stake in Alexandria Real Estate Equities during the fourth quarter valued at about $29,000. EverSource Wealth Advisors LLC increased its holdings in Alexandria Real Estate Equities by 57.7% in 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. Colonial Trust Co SC increased its position in Alexandria Real Estate Equities by 514.3% during the fourth quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 252 shares during the last quarter. Cary Street Partners Financial LLC purchased a new stake in Alexandria Real Estate Equities during the fourth quarter worth about $50,000. Finally, Spire Wealth Management lifted its holdings in Alexandria Real Estate Equities by 72.5% during the 4th quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock worth $58,000 after buying an additional 250 shares during the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ARE shares. JPMorgan Chase & Co. cut 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, May 20th. Jefferies Financial Group began coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a "hold" rating and a $100.00 price target on the stock. JMP Securities reissued a "market outperform" rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Finally, Wall Street Zen upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $116.00.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE ARE traded up $0.80 during midday trading on Friday, hitting $70.35. The company's stock had a trading volume of 493,094 shares, compared to its average volume of 1,300,700. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. Alexandria Real Estate Equities, Inc. has a 1-year low of $67.37 and a 1-year high of $130.14. The firm's fifty day moving average price is $74.93 and its 200-day moving average price is $91.27. The firm has a market cap of $12.17 billion, a P/E ratio of 39.04, a P/E/G ratio of 3.93 and a beta of 1.27.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.02. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. The company had revenue of $758.16 million during the quarter, compared to the consensus estimate of $755.64 million. During the same quarter in the previous year, the company posted $2.35 earnings per share. The company's revenue for the quarter was down 1.4% compared to the same quarter last year. On average, sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $1.32 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $5.28 annualized dividend and a yield of 7.51%. Alexandria Real Estate Equities's payout ratio 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.