National Bank of Canada FI Has $4.73 Million Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

National Bank of Canada FI lowered its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 16.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,552 shares of the real estate investment trust's stock after selling 7,168 shares during the period. National Bank of Canada FI's holdings in Alexandria Real Estate Equities were worth $4,727,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James & Associates raised its holdings in Alexandria Real Estate Equities by 3.8% in the 3rd quarter. Raymond James & Associates now owns 63,703 shares of the real estate investment trust's stock valued at $6,377,000 after acquiring an additional 2,322 shares during the last quarter. Mackenzie Financial Corp increased its stake in Alexandria Real Estate Equities by 4.2% in the third quarter. Mackenzie Financial Corp now owns 15,885 shares of the real estate investment trust's stock valued at $1,544,000 after purchasing an additional 638 shares during the last quarter. Park Avenue Securities LLC purchased a new position in Alexandria Real Estate Equities during the third quarter worth about $223,000. CENTRAL TRUST Co purchased a new position in Alexandria Real Estate Equities during the third quarter worth about $33,000. Finally, Assetmark Inc. boosted its stake in Alexandria Real Estate Equities by 15.0% in the 3rd quarter. Assetmark Inc. now owns 24,974 shares of the real estate investment trust's stock worth $2,500,000 after buying an additional 3,254 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Up 0.9 %

Alexandria Real Estate Equities stock traded up $1.05 during trading on Friday, reaching $121.59. 551,685 shares of the company's stock were exchanged, compared to its average volume of 809,797. The company's 50-day moving average is $122.50 and its two-hundred day moving average is $118.71. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.30 and a current ratio of 0.30. Alexandria Real Estate Equities, Inc. has a 52-week low of $90.73 and a 52-week high of $135.45. The firm has a market cap of $21.26 billion, a price-to-earnings ratio of 113.64, a PEG ratio of 2.34 and a beta of 1.07.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $1.27 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.18%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently 474.77%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Alexandria Real Estate Equities

In other news, 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 transaction, the chairman now directly owns 429,538 shares of the company's stock, valued at $51,080,658.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Peter M. Moglia sold 3,200 shares of the 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 $30,686,040.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the chairman now owns 429,538 shares in the company, valued at $51,080,658.96. The disclosure for this sale can be found here. Company insiders own 1.15% of the company's stock.

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.