Lazard Asset Management LLC Sells 13,309 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Lazard Asset Management LLC lessened its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 10.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 109,471 shares of the real estate investment trust's stock after selling 13,309 shares during the quarter. Lazard Asset Management LLC owned 0.06% of Alexandria Real Estate Equities worth $10,678,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Investment Management Corp of Ontario boosted its stake in Alexandria Real Estate Equities by 59.1% in the fourth quarter. Investment Management Corp of Ontario now owns 8,338 shares of the real estate investment trust's stock valued at $813,000 after buying an additional 3,097 shares in the last quarter. Investor s Fiduciary Advisor Network LLC bought a new position in shares of Alexandria Real Estate Equities in the fourth quarter worth about $464,000. Jefferies Financial Group Inc. lifted its holdings in shares of Alexandria Real Estate Equities by 4.5% in the fourth quarter. Jefferies Financial Group Inc. now owns 5,380 shares of the real estate investment trust's stock worth $525,000 after acquiring an additional 234 shares during the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at approximately $8,646,000. Finally, Focus Partners Wealth bought a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at approximately $237,000. Institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Trading Down 1.7%

Shares of ARE traded down $1.24 during mid-day trading on Tuesday, reaching $72.81. 381,852 shares of the company were exchanged, compared to its average volume of 1,260,642. The business has a 50 day simple moving average of $81.96 and a two-hundred day simple moving average of $94.70. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. The stock has a market capitalization of $12.59 billion, a PE ratio of 40.47, a PEG ratio of 3.93 and a beta of 1.27. Alexandria Real Estate Equities, Inc. has a 52 week low of $70.15 and a 52 week high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.02. The firm had revenue of $758.16 million during the quarter, compared to analyst estimates of $755.64 million. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. The company's revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.35 EPS. On average, analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

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 $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 7.25%. The ex-dividend date of this dividend was Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 694.74%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Jefferies Financial Group initiated 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 for the company. StockNews.com upgraded 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 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Wedbush reaffirmed a "neutral" rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. dropped their target price on Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities 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.