Kovitz Investment Group Partners LLC Cuts Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Kovitz Investment Group Partners LLC decreased its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 82.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,736 shares of the real estate investment trust's stock after selling 70,232 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Alexandria Real Estate Equities were worth $1,437,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ARE. EverSource Wealth Advisors LLC boosted its position in Alexandria Real Estate Equities by 57.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock worth $29,000 after buying an additional 109 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Alexandria Real Estate Equities in the third quarter worth approximately $43,000. Spire Wealth Management boosted its holdings in 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 valued at $58,000 after acquiring an additional 250 shares during the last quarter. Versant Capital Management Inc increased its position in Alexandria Real Estate Equities by 129.9% during the 4th quarter. Versant Capital Management Inc now owns 745 shares of the real estate investment trust's stock valued at $73,000 after purchasing an additional 421 shares during the period. Finally, Sherman Asset Management Inc. bought a new position in Alexandria Real Estate Equities during the 4th quarter worth approximately $75,000. 96.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ARE. Wedbush reiterated a "neutral" rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a research 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 reiterated a "market outperform" rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday. Finally, Jefferies Financial Group began coverage on Alexandria Real Estate Equities in a report on Monday, March 17th. They set a "hold" rating and a $100.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $118.60.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE:ARE traded up $1.02 during midday trading on Friday, reaching $74.44. The company had a trading volume of 1,389,066 shares, compared to its average volume of 1,206,179. The company's 50 day moving average price is $88.13 and its 200 day moving average price is $98.31. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a 52-week low of $70.57 and a 52-week high of $130.14. The stock has a market cap of $12.88 billion, a P/E ratio of 41.36, a P/E/G ratio of 3.93 and a beta of 1.27.

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 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 quarter in the previous year, the company earned $2.35 earnings per share. Alexandria Real Estate Equities's revenue for the quarter was down 1.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed 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 of this dividend was Monday, March 31st. This represents a $5.28 annualized dividend and a yield of 7.09%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 694.74%.

Alexandria Real Estate Equities Company 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.