Invesco Ltd. cut its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 40.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,264,780 shares of the real estate investment trust's stock after selling 1,534,883 shares during the period. Invesco Ltd. owned 1.31% of Alexandria Real Estate Equities worth $220,929,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in shares of 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 purchasing an additional 109 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Alexandria Real Estate Equities during the third quarter valued at approximately $43,000. Spire Wealth Management increased its position in shares of Alexandria Real Estate Equities by 72.5% in the fourth quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock worth $58,000 after acquiring an additional 250 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Alexandria Real Estate Equities by 129.9% in the 4th quarter. Versant Capital Management Inc now owns 745 shares of the real estate investment trust's stock valued at $73,000 after acquiring an additional 421 shares during the period. Finally, Sherman Asset Management Inc. purchased a new stake in Alexandria Real Estate Equities during the 4th quarter worth $75,000. 96.54% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. 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 target price for the company. JMP Securities reissued a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Wedbush reaffirmed a "neutral" rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $118.60.
Check Out Our Latest Research Report on Alexandria Real Estate Equities
Alexandria Real Estate Equities Stock Performance
ARE stock traded up $1.39 during midday trading on Thursday, reaching $78.51. The company had a trading volume of 378,484 shares, compared to its average volume of 1,167,478. The firm has a market capitalization of $13.58 billion, a PE ratio of 43.56, a P/E/G ratio of 3.93 and a beta of 1.24. The stock has a 50 day moving average price of $93.01 and a 200 day moving average price of $101.69. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $71.57 and a fifty-two week high of $130.14. 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 (NYSE:ARE - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. Analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.
Alexandria Real Estate Equities Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $1.32 per share. The ex-dividend date was Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.73%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 293.33%.
About Alexandria Real Estate Equities
(
Free Report)
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.
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