Raymond James & Associates Sells 9,521 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Raymond James & Associates lowered its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 14.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,182 shares of the real estate investment trust's stock after selling 9,521 shares during the quarter. Raymond James & Associates' holdings in Alexandria Real Estate Equities were worth $6,869,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its holdings in Alexandria Real Estate Equities by 2.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,083 shares of the real estate investment trust's stock valued at $449,000 after buying an additional 70 shares during the last quarter. Seaport Global Advisors LLC boosted its stake in shares of Alexandria Real Estate Equities by 7.5% during the fourth quarter. Seaport Global Advisors LLC now owns 1,047 shares of the real estate investment trust's stock valued at $153,000 after acquiring an additional 73 shares during the last quarter. Cetera Advisor Networks LLC increased its position in Alexandria Real Estate Equities by 7.3% during the 1st quarter. Cetera Advisor Networks LLC now owns 1,086 shares of the real estate investment trust's stock worth $219,000 after purchasing an additional 74 shares in the last quarter. BOKF NA increased its position in Alexandria Real Estate Equities by 4.6% during the 4th quarter. BOKF NA now owns 1,758 shares of the real estate investment trust's stock worth $256,000 after purchasing an additional 77 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in Alexandria Real Estate Equities by 1.7% in the 4th quarter. Cetera Investment Advisers now owns 5,460 shares of the real estate investment trust's stock valued at $795,000 after purchasing an additional 92 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

Insider Buying and Selling

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of the firm's stock in a transaction on Monday, February 26th. The shares were sold at an average price of $118.92, for a total transaction of $891,900.00. Following the completion of the transaction, the chairman now directly owns 429,538 shares of the company's stock, valued at approximately $51,080,658.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Chairman Joel S. Marcus sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $118.92, for a total value of $891,900.00. Following the completion of the transaction, the chairman now owns 429,538 shares in the company, valued at approximately $51,080,658.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Peter M. Moglia sold 3,200 shares of the business's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $122.90, for a total value of $393,280.00. Following the completion of the sale, the chief executive officer now owns 249,683 shares of the company's stock, valued at $30,686,040.70. The disclosure for this sale can be found here. Insiders own 0.96% of the company's stock.

Alexandria Real Estate Equities Stock Up 2.3 %

Shares of NYSE ARE traded up $2.91 during trading on Tuesday, reaching $129.62. 724,842 shares of the stock were exchanged, compared to its average volume of 1,028,981. The company has a market capitalization of $22.68 billion, a price-to-earnings ratio of 240.03, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05. The business's 50-day moving average price is $122.78 and its 200 day moving average price is $115.53. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.50. Alexandria Real Estate Equities, Inc. has a twelve month low of $90.73 and a twelve month high of $135.45.

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

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be given a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date is Wednesday, March 27th. Alexandria Real Estate Equities's payout ratio is currently 940.76%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ARE. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Alexandria Real Estate Equities in a report on Tuesday, January 30th. They set a "buy" rating and a $140.00 price target for the company. StockNews.com raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, March 21st. JMP Securities reaffirmed 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. Mizuho increased their target price 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. Finally, Wedbush reissued an "outperform" rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $137.13.

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.