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

Kennedy Capital Management LLC lowered its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 85.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,542 shares of the real estate investment trust's stock after selling 63,899 shares during the quarter. Kennedy Capital Management LLC's holdings in Alexandria Real Estate Equities were worth $1,028,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Alexandria Real Estate Equities in the 4th quarter valued at $1,605,426,000. JPMorgan Chase & Co. lifted its position in Alexandria Real Estate Equities by 212.9% in the fourth quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust's stock valued at $806,337,000 after buying an additional 5,624,163 shares during the last quarter. PGGM Investments boosted its stake in Alexandria Real Estate Equities by 3,602.0% during the fourth quarter. PGGM Investments now owns 958,857 shares of the real estate investment trust's stock worth $93,537,000 after buying an additional 932,956 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Alexandria Real Estate Equities during the fourth quarter valued at about $34,170,000. Finally, Analyst IMS Investment Management Services Ltd. raised its stake in shares of Alexandria Real Estate Equities by 170.1% in the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 486,103 shares of the real estate investment trust's stock valued at $47,419,000 after acquiring an additional 306,145 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ARE shares. 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. StockNews.com raised 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 research note on Wednesday, January 29th. Finally, Jefferies Financial Group started 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. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of "Hold" and an average target price of $118.60.

Alexandria Real Estate Equities Stock Up 0.8 %

NYSE:ARE traded up $0.64 during mid-day trading on Friday, hitting $77.76. The stock had a trading volume of 1,628,005 shares, compared to its average volume of 1,175,627. Alexandria Real Estate Equities, Inc. has a twelve month low of $71.57 and a twelve month high of $130.14. The stock has a 50-day simple moving average of $92.31 and a two-hundred day simple moving average of $100.93. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $13.45 billion, a PE ratio of 43.20, a PEG ratio of 3.93 and a beta of 1.24.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. On average, equities research analysts anticipate 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. Stockholders of record on Monday, March 31st were given a dividend of $1.32 per share. The ex-dividend date was Monday, March 31st. This represents a $5.28 annualized dividend and a dividend yield of 6.79%. Alexandria Real Estate Equities's dividend payout ratio is currently 293.33%.

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.