Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 53.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,113 shares of the real estate investment trust's stock after selling 43,050 shares during the quarter. Los Angeles Capital Management LLC's holdings in Alexandria Real Estate Equities were worth $4,832,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Parkside Financial Bank & Trust grew its position in Alexandria Real Estate Equities by 29.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 376 shares of the real estate investment trust's stock valued at $48,000 after acquiring an additional 85 shares during the last quarter. Addison Advisors LLC grew its position in Alexandria Real Estate Equities by 32.9% during the third quarter. Addison Advisors LLC now owns 465 shares of the real estate investment trust's stock valued at $47,000 after acquiring an additional 115 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Alexandria Real Estate Equities by 0.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,119 shares of the real estate investment trust's stock valued at $4,617,000 after acquiring an additional 123 shares during the last quarter. Callan Capital LLC grew its position in Alexandria Real Estate Equities by 1.5% during the third quarter. Callan Capital LLC now owns 9,235 shares of the real estate investment trust's stock valued at $924,000 after acquiring an additional 138 shares during the last quarter. Finally, Wahed Invest LLC grew its holdings in shares of Alexandria Real Estate Equities by 5.5% in the third quarter. Wahed Invest LLC now owns 2,695 shares of the real estate investment trust's stock worth $270,000 after purchasing an additional 141 shares during the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on ARE shares. JMP Securities reaffirmed a "market outperform" rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Evercore ISI lowered their price objective on Alexandria Real Estate Equities from $137.00 to $132.00 and set an "outperform" rating for the company in a research report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft began coverage on Alexandria Real Estate Equities in a research report on Tuesday, January 30th. They set a "buy" rating and a $140.00 price objective for the company. Wedbush reissued an "outperform" rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 24th. Finally, StockNews.com raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, March 21st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $136.75.

Insider Transactions at Alexandria Real Estate Equities

In other news, CEO Peter M. Moglia sold 3,200 shares of Alexandria Real Estate Equities stock in a transaction dated 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 transaction, the chief executive officer now owns 249,683 shares of the company's stock, valued at approximately $30,686,040.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Peter M. Moglia sold 3,200 shares of Alexandria Real Estate Equities stock in a transaction dated 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 in the company, valued at approximately $30,686,040.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 completion of the sale, the chairman now owns 429,538 shares of the company's stock, valued at $51,080,658.96. The disclosure for this sale can be found here. 1.15% of the stock is owned by insiders.

Alexandria Real Estate Equities Stock Down 0.5 %

Shares of ARE traded down $0.64 during trading hours on Monday, hitting $119.87. The company had a trading volume of 508,373 shares, compared to its average volume of 987,814. The firm has a fifty day moving average price of $122.73 and a 200-day moving average price of $117.99. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a market capitalization of $20.96 billion, a price-to-earnings ratio of 112.63, a P/E/G ratio of 2.32 and a beta of 1.07. Alexandria Real Estate Equities, Inc. has a 52-week low of $90.73 and a 52-week high of $135.45.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $1.27 dividend. This represents a $5.08 annualized dividend and a dividend yield of 4.24%. The ex-dividend date was Wednesday, March 27th. Alexandria Real Estate Equities's dividend payout ratio is presently 474.77%.

Alexandria Real Estate Equities Company 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.