Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lowered its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 63.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,964 shares of the real estate investment trust's stock after selling 12,081 shares during the quarter. Tower Research Capital LLC TRC's holdings in Alexandria Real Estate Equities were worth $679,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ARE. Lasalle Investment Management Securities LLC raised its position in Alexandria Real Estate Equities by 33.8% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 585,280 shares of the real estate investment trust's stock valued at $57,094,000 after purchasing an additional 147,936 shares during the period. MML Investors Services LLC increased its position in shares of Alexandria Real Estate Equities by 30.3% during the 4th quarter. MML Investors Services LLC now owns 26,173 shares of the real estate investment trust's stock valued at $2,553,000 after purchasing an additional 6,086 shares during the last quarter. MetLife Investment Management LLC raised its holdings in Alexandria Real Estate Equities by 1.2% during the 4th quarter. MetLife Investment Management LLC now owns 46,042 shares of the real estate investment trust's stock valued at $4,491,000 after buying an additional 532 shares during the period. Natixis lifted its position in Alexandria Real Estate Equities by 320.4% in the fourth quarter. Natixis now owns 66,270 shares of the real estate investment trust's stock worth $6,465,000 after buying an additional 50,505 shares during the last quarter. Finally, Norinchukin Bank The boosted its stake in Alexandria Real Estate Equities by 1.8% during the fourth quarter. Norinchukin Bank The now owns 13,627 shares of the real estate investment trust's stock worth $1,329,000 after buying an additional 235 shares during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ARE. Wedbush reissued a "neutral" rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. JMP Securities reissued a "market outperform" rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday. Jefferies Financial Group started coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a "hold" rating and a $100.00 target price on the stock. Finally, StockNews.com upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $118.60.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock traded up $1.02 during mid-day trading on Friday, reaching $74.44. 1,389,066 shares of the company traded hands, compared to its average volume of 1,208,187. The firm's fifty day moving average is $88.13 and its two-hundred day moving average is $98.14. The company has a market capitalization of $12.88 billion, a price-to-earnings ratio of 41.36, a price-to-earnings-growth ratio of 3.93 and a beta of 1.27. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $70.57 and a fifty-two week high of $130.14. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.02. The firm had revenue of $758.16 million for the quarter, compared to the consensus estimate of $755.64 million. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. The firm's revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.35 EPS. On average, equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 7.09%. The ex-dividend date of this dividend was Monday, March 31st. Alexandria Real Estate Equities's payout ratio is 694.74%.

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.