USS Investment Management Ltd Decreases Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

USS Investment Management Ltd cut its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 24.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,262 shares of the real estate investment trust's stock after selling 12,422 shares during the quarter. USS Investment Management Ltd's holdings in Alexandria Real Estate Equities were worth $3,829,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new position in Alexandria Real Estate Equities during the fourth quarter valued at $1,605,426,000. JPMorgan Chase & Co. boosted its position in shares of Alexandria Real Estate Equities by 212.9% during the 4th quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust's stock worth $806,337,000 after purchasing an additional 5,624,163 shares during the period. Geode Capital Management LLC boosted its position in shares of Alexandria Real Estate Equities by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 4,135,591 shares of the real estate investment trust's stock worth $402,450,000 after purchasing an additional 96,771 shares during the period. Capital World Investors acquired a new stake in Alexandria Real Estate Equities during the 4th quarter worth approximately $326,959,000. Finally, Northern Trust Corp raised its holdings in shares of Alexandria Real Estate Equities by 67.9% in the 4th quarter. Northern Trust Corp now owns 2,565,406 shares of the real estate investment trust's stock valued at $250,255,000 after purchasing an additional 1,037,413 shares in the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on ARE. Jefferies Financial Group began coverage on shares of Alexandria Real Estate Equities in a research note on Monday, March 17th. They issued a "hold" rating and a $100.00 price objective on the stock. 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 reissued 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. Wedbush reissued a "neutral" rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Finally, 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 for the company in a research report on Tuesday, May 20th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $116.00.

Alexandria Real Estate Equities Price Performance

NYSE ARE traded up $2.53 during trading hours on Tuesday, hitting $70.36. The company had a trading volume of 2,219,666 shares, compared to its average volume of 1,287,515. The firm has a 50 day simple moving average of $79.04 and a 200 day simple moving average of $93.15. Alexandria Real Estate Equities, Inc. has a 52 week low of $67.37 and a 52 week high of $130.14. The firm has a market capitalization of $12.17 billion, a price-to-earnings ratio of 39.09, a PEG ratio of 3.93 and a beta of 1.27. 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 (NYSE:ARE - Get Free Report) last issued its quarterly earnings data 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. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. The firm had revenue of $758.16 million for the quarter, compared to analyst estimates of $755.64 million. During the same period last year, the company earned $2.35 EPS. The business's quarterly revenue was down 1.4% compared to the same quarter last year. Equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $1.32 dividend. The ex-dividend date was Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a yield of 7.50%. Alexandria Real Estate Equities's dividend payout ratio is currently 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.