Bourgeon Capital Management LLC Sells 18,046 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Bourgeon Capital Management LLC reduced its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 51.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,237 shares of the real estate investment trust's stock after selling 18,046 shares during the period. Bourgeon Capital Management LLC's holdings in Alexandria Real Estate Equities were worth $2,185,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Alexandria Real Estate Equities by 8.5% in the first quarter. BlackRock Inc. now owns 17,138,718 shares of the real estate investment trust's stock worth $2,152,452,000 after purchasing an additional 1,338,634 shares during the period. Norges Bank bought a new position in shares of Alexandria Real Estate Equities in the fourth quarter worth about $2,277,135,000. State Street Corp grew its position in Alexandria Real Estate Equities by 4.2% during the first quarter. State Street Corp now owns 10,640,279 shares of the real estate investment trust's stock worth $1,348,934,000 after buying an additional 424,932 shares in the last quarter. Geode Capital Management LLC grew its position in Alexandria Real Estate Equities by 7.3% during the first quarter. Geode Capital Management LLC now owns 3,604,252 shares of the real estate investment trust's stock worth $451,738,000 after buying an additional 245,322 shares in the last quarter. Finally, Invesco Ltd. grew its position in Alexandria Real Estate Equities by 7.9% during the third quarter. Invesco Ltd. now owns 2,654,089 shares of the real estate investment trust's stock worth $265,674,000 after buying an additional 194,651 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE traded down $2.66 during trading on Monday, reaching $119.18. The stock had a trading volume of 572,476 shares, compared to its average volume of 1,006,394. Alexandria Real Estate Equities, Inc. has a 52 week low of $90.73 and a 52 week high of $135.45. The business's 50-day moving average price is $122.85 and its 200 day moving average price is $116.03. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.26 and a quick ratio of 0.26. The stock has a market capitalization of $20.85 billion, a PE ratio of 221.84, a P/E/G ratio of 2.79 and a beta of 1.05.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share (EPS) 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 the consensus estimate of $740.16 million. During the same quarter last year, the firm posted $2.14 EPS. The business's revenue was up 13.0% on a year-over-year basis. As a group, equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be given a $1.27 dividend. This represents a $5.08 annualized dividend and a yield of 4.26%. The ex-dividend date is Wednesday, March 27th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 940.76%.

Insider Buying and Selling

In related news, Chairman Joel S. Marcus sold 7,500 shares of the business's stock in a transaction that occurred on Monday, February 26th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 3,200 shares of the company's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $122.90, for a total transaction of $393,280.00. Following the completion of the sale, the chief executive officer now owns 249,683 shares in the company, valued at approximately $30,686,040.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Joel S. Marcus sold 7,500 shares of the business'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 disclosure for this sale can be found here. 1.15% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ARE has been the topic of a number of recent research reports. JMP Securities reissued a "market outperform" rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. StockNews.com raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft initiated coverage on Alexandria Real Estate Equities in a research report on Tuesday, January 30th. They set a "buy" rating and a $140.00 target price on the stock. Mizuho lifted 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 reaffirmed an "outperform" rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of "Moderate Buy" and a consensus 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.