Motley Fool Asset Management LLC Trims Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Motley Fool Asset Management LLC trimmed its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,168 shares of the real estate investment trust’s stock after selling 728 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Alexandria Real Estate Equities were worth $4,078,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Jennison Associates LLC raised its position in Alexandria Real Estate Equities by 180.3% during the fourth quarter. Jennison Associates LLC now owns 1,010,943 shares of the real estate investment trust’s stock valued at $128,157,000 after acquiring an additional 650,248 shares in the last quarter. Aew Capital Management L P raised its position in Alexandria Real Estate Equities by 881.2% during the third quarter. Aew Capital Management L P now owns 347,330 shares of the real estate investment trust’s stock valued at $34,768,000 after acquiring an additional 311,930 shares in the last quarter. Ceredex Value Advisors LLC purchased a new position in Alexandria Real Estate Equities during the fourth quarter valued at approximately $36,223,000. Schroder Investment Management Group grew its holdings in Alexandria Real Estate Equities by 87.9% in the third quarter. Schroder Investment Management Group now owns 597,708 shares of the real estate investment trust’s stock valued at $59,831,000 after purchasing an additional 279,649 shares during the period. Finally, Senvest Management LLC acquired a new stake in Alexandria Real Estate Equities in the third quarter valued at approximately $26,604,000. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Trading Down 2.0 %

Alexandria Real Estate Equities stock traded down $2.37 during trading on Thursday, reaching $117.28. 1,382,762 shares of the company were exchanged, compared to its average volume of 1,006,132. Alexandria Real Estate Equities, Inc. has a 52-week low of $90.73 and a 52-week high of $135.45. The company has a market capitalization of $20.51 billion, a P/E ratio of 109.61, a PEG ratio of 2.73 and a beta of 1.05. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.30 and a quick ratio of 0.26. The stock’s 50 day simple moving average is $123.04 and its two-hundred day simple moving average is $117.00.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($2.83). Alexandria Real Estate Equities had a return on equity of 0.87% and a net margin of 6.65%. The company had revenue of $757.22 million for the quarter, compared to analysts’ expectations of $740.16 million. During the same quarter in the previous year, the business posted $2.14 EPS. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.46 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $1.27 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.08 dividend on an annualized basis and a yield of 4.33%. Alexandria Real Estate Equities’s dividend payout ratio is currently 474.77%.

Wall Street Analysts Forecast Growth

Several analysts have commented on ARE shares. Wedbush reissued an “outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday. Mizuho raised their price objective on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. 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. Deutsche Bank Aktiengesellschaft began coverage on Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They issued a “buy” rating and a $140.00 price target on the stock. Finally, Evercore ISI lowered their price target on Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating on the stock in a research note on Thursday. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.75.

Insider Buying and Selling at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 3,200 shares of Alexandria Real Estate Equities 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 sale, the chief executive officer now owns 249,683 shares in the company, valued at $30,686,040.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Peter M. Moglia sold 3,200 shares of the business’s 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 sale, the chief executive officer now owns 249,683 shares in the company, valued at approximately $30,686,040.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $891,900.00. Following the completion of the sale, the chairman now owns 429,538 shares in the company, valued at approximately $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.