Gradient Investments LLC Sells 8,684 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Gradient Investments LLC decreased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 145,759 shares of the real estate investment trust's stock after selling 8,684 shares during the quarter. Gradient Investments LLC owned approximately 0.08% of Alexandria Real Estate Equities worth $18,790,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ARE. Norges Bank acquired a new position in Alexandria Real Estate Equities during the 4th quarter worth about $2,086,085,000. APG Asset Management US Inc. lifted its stake in shares of Alexandria Real Estate Equities by 0.5% in the fourth quarter. APG Asset Management US Inc. now owns 7,216,689 shares of the real estate investment trust's stock worth $914,860,000 after acquiring an additional 39,243 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Alexandria Real Estate Equities by 0.9% in the fourth quarter. Victory Capital Management Inc. now owns 3,747,866 shares of the real estate investment trust's stock worth $475,117,000 after acquiring an additional 32,122 shares during the period. Invesco Ltd. boosted its holdings in Alexandria Real Estate Equities by 7.9% in the third quarter. Invesco Ltd. now owns 2,654,089 shares of the real estate investment trust's stock valued at $265,674,000 after acquiring an additional 194,651 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Alexandria Real Estate Equities by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,391,396 shares of the real estate investment trust's stock valued at $303,166,000 after purchasing an additional 22,105 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Alexandria Real Estate Equities

In related 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 transaction, the chief executive officer now directly owns 249,683 shares in the company, valued at approximately $30,686,040.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Alexandria Real Estate Equities news, 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 transaction 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Peter M. Moglia sold 3,200 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly 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 1.15% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wedbush restated an "outperform" rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 24th. JMP Securities reaffirmed a "market outperform" rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Evercore ISI decreased their price target on Alexandria Real Estate Equities from $137.00 to $132.00 and set an "outperform" rating for the company in a report on Thursday, April 25th. StockNews.com raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, March 21st. Finally, 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. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of "Moderate Buy" and a consensus price target of $136.75.

Alexandria Real Estate Equities Stock Up 2.0 %

Shares of ARE stock traded up $2.34 on Friday, reaching $120.51. 706,001 shares of the company were exchanged, compared to its average volume of 837,319. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.30 and a quick ratio of 0.30. The company has a 50-day moving average of $122.73 and a 200-day moving average of $117.73. The company has a market cap of $21.07 billion, a price-to-earnings ratio of 112.63, a PEG ratio of 2.27 and a beta of 1.07. Alexandria Real Estate Equities, Inc. has a one year low of $90.73 and a one year high of $135.45.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $1.27 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $5.08 annualized dividend and a yield of 4.22%. Alexandria Real Estate Equities's payout ratio is currently 474.77%.

Alexandria Real Estate Equities 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.

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