USS Investment Management Ltd Sells 12,422 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

USS Investment Management Ltd lowered its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 24.0% during the 4th 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 quarter.

Several other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE boosted its position in Alexandria Real Estate Equities by 218.1% during 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 buying an additional 798,438 shares during the period. ProShare Advisors LLC increased its stake in shares of Alexandria Real Estate Equities by 53.8% during 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 in the last quarter. Magnetar Financial LLC bought a new position in shares of Alexandria Real Estate Equities during the fourth quarter valued at approximately $968,000. Hahn Capital Management LLC increased its position in shares of Alexandria Real Estate Equities by 50.4% during 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 acquiring an additional 22,926 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in 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 worth $2,534,000 after purchasing an additional 6,741 shares during the last quarter. Institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Price Performance

Shares of Alexandria Real Estate Equities stock traded up $1.14 during trading hours on Thursday, reaching $70.81. The company's stock had a trading volume of 474,734 shares, compared to its average volume of 1,286,718. The firm has a 50 day moving average price of $77.98 and a 200-day moving average price of $92.83. Alexandria Real Estate Equities, Inc. has a one year low of $67.37 and a one year high of $130.14. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The stock has a market cap of $12.25 billion, a P/E ratio of 39.28, a P/E/G ratio of 3.93 and a beta of 1.27.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $755.64 million. During the same period in the previous year, the company earned $2.35 EPS. The firm's quarterly revenue was down 1.4% on a year-over-year basis. On average, 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 declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $1.32 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $5.28 annualized dividend and a dividend yield of 7.46%. Alexandria Real Estate Equities's payout ratio is presently 694.74%.

Analyst Ratings Changes

A number of research firms recently weighed in on ARE. JMP Securities restated a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. Wedbush restated 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. 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. JPMorgan Chase & Co. lowered their target price 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 started 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 target price on the stock. Ten 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.com, the company has an average rating of "Hold" and a consensus target price of $116.00.

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.