Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. cut its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 4.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 310,348 shares of the real estate investment trust's stock after selling 15,279 shares during the period. Asset Management One Co. Ltd. owned approximately 0.18% of Alexandria Real Estate Equities worth $40,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Arizona State Retirement System grew its position in shares of Alexandria Real Estate Equities by 0.7% in the fourth quarter. Arizona State Retirement System now owns 45,178 shares of the real estate investment trust's stock valued at $5,727,000 after purchasing an additional 336 shares in the last quarter. Ballentine Partners LLC purchased a new stake in shares of Alexandria Real Estate Equities in the fourth quarter valued at approximately $228,000. Oak Thistle LLC purchased a new stake in shares of Alexandria Real Estate Equities in the fourth quarter valued at approximately $417,000. Cigna Investments Inc. New purchased a new position in Alexandria Real Estate Equities in the fourth quarter worth approximately $230,000. Finally, Fifth Third Bancorp grew its position in Alexandria Real Estate Equities by 2.3% in the fourth quarter. Fifth Third Bancorp now owns 13,480 shares of the real estate investment trust's stock worth $1,709,000 after acquiring an additional 298 shares during the period. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Trading Up 1.7 %

Shares of ARE traded up $2.12 during midday trading on Friday, hitting $124.63. 551,079 shares of the stock were exchanged, compared to its average volume of 1,038,322. Alexandria Real Estate Equities, Inc. has a 52-week low of $90.73 and a 52-week high of $135.45. The stock has a fifty day simple moving average of $122.59 and a 200 day simple moving average of $115.04. The firm has a market cap of $21.80 billion, a P/E ratio of 230.80, a P/E/G ratio of 2.82 and a beta of 1.05. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.26 and a current ratio of 0.26.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS for the quarter, missing the consensus estimate of $2.29 by ($2.83). The firm had revenue of $757.22 million for the quarter, compared to analysts' expectations of $740.16 million. Alexandria Real Estate Equities had a return on equity of 0.46% and a net margin of 3.59%. The company's quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.14 earnings per share. On average, research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be paid a $1.27 dividend. This represents a $5.08 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend is Wednesday, March 27th. Alexandria Real Estate Equities's payout ratio is currently 940.74%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ARE shares. Wedbush reiterated an "outperform" rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. StockNews.com upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, March 21st. Mizuho increased their price objective on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a "buy" rating in a research report on Wednesday, January 3rd. JMP Securities reiterated a "market outperform" rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Finally, Deutsche Bank Aktiengesellschaft started coverage on Alexandria Real Estate Equities in a research report on Tuesday, January 30th. They issued a "buy" rating and a $140.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $137.13.

Insider Activity

In other news, CEO Peter M. Moglia sold 3,200 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $122.90, for a total value of $393,280.00. Following the sale, the chief executive officer now directly owns 249,683 shares in the company, valued at $30,686,040.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 3,200 shares of the firm's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $122.90, for a total value of $393,280.00. Following the sale, the chief executive officer now directly owns 249,683 shares in the company, valued at $30,686,040.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Joel S. Marcus sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $118.92, for a total value of $891,900.00. Following the sale, the chairman now directly owns 429,538 shares of the company's stock, valued at $51,080,658.96. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

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.