Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC reduced its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 80.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,551 shares of the real estate investment trust’s stock after selling 85,664 shares during the quarter. Corient Private Wealth LLC’s holdings in Alexandria Real Estate Equities were worth $2,005,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Envestnet Portfolio Solutions Inc. increased its holdings in Alexandria Real Estate Equities by 36.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 21,580 shares of the real estate investment trust’s stock valued at $2,105,000 after purchasing an additional 5,722 shares in the last quarter. Hutchinson Capital Management CA boosted its position in shares of Alexandria Real Estate Equities by 25.0% in the fourth quarter. Hutchinson Capital Management CA now owns 108,618 shares of the real estate investment trust’s stock worth $10,596,000 after buying an additional 21,703 shares during the period. Frank Rimerman Advisors LLC acquired a new stake in shares of Alexandria Real Estate Equities in the fourth quarter valued at about $213,000. Hilton Capital Management LLC raised its holdings in shares of Alexandria Real Estate Equities by 4.6% during the 4th quarter. Hilton Capital Management LLC now owns 9,204 shares of the real estate investment trust’s stock valued at $898,000 after buying an additional 404 shares during the period. Finally, Analyst IMS Investment Management Services Ltd. lifted its position in Alexandria Real Estate Equities by 170.1% during the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 486,103 shares of the real estate investment trust’s stock worth $47,419,000 after acquiring an additional 306,145 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

ARE stock opened at $97.58 on Tuesday. The firm has a market cap of $16.89 billion, a P/E ratio of 54.21, a P/E/G ratio of 3.93 and a beta of 1.17. The stock’s 50 day simple moving average is $98.31 and its 200 day simple moving average is $106.25. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a 12-month low of $93.25 and a 12-month high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. As a group, equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities declared that its board has approved a stock repurchase program on Monday, December 9th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the real estate investment trust to buy up to 2.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $1.32 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a yield of 5.41%. Alexandria Real Estate Equities’s dividend payout ratio is currently 293.33%.

Analyst Ratings Changes

Several brokerages have issued reports on ARE. StockNews.com downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Monday, March 17th. Wedbush reaffirmed a “neutral” rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Royal Bank of Canada cut their price objective on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating on the stock in a report on Tuesday, December 17th. Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a research note on Monday, March 17th. They set a “hold” rating and a $100.00 target price for the company. Finally, JPMorgan Chase & Co. cut Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $118.60.

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.