Aristotle Atlantic Partners LLC Sells 6,711 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Aristotle Atlantic Partners LLC trimmed its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,813 shares of the real estate investment trust’s stock after selling 6,711 shares during the quarter. Aristotle Atlantic Partners LLC’s holdings in Alexandria Real Estate Equities were worth $9,542,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ARE. Norges Bank bought a new stake in shares of Alexandria Real Estate Equities during the 4th quarter worth about $1,605,426,000. JPMorgan Chase & Co. boosted its holdings in shares of Alexandria Real Estate Equities by 212.9% during the fourth quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust’s stock worth $806,337,000 after acquiring an additional 5,624,163 shares during the period. Geode Capital Management LLC grew its position in shares of Alexandria Real Estate Equities by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 4,135,591 shares of the real estate investment trust’s stock valued at $402,450,000 after purchasing an additional 96,771 shares during the last quarter. Capital World Investors acquired a new position in shares of Alexandria Real Estate Equities in the fourth quarter valued at approximately $326,959,000. Finally, Northern Trust Corp increased its stake in shares of Alexandria Real Estate Equities by 67.9% during the fourth quarter. Northern Trust Corp now owns 2,565,406 shares of the real estate investment trust’s stock worth $250,255,000 after purchasing an additional 1,037,413 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on ARE. Wedbush reaffirmed a “neutral” rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. JMP Securities restated a “market outperform” rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday. Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a research note on Monday, March 17th. They issued a “hold” rating and a $100.00 price objective for the company. Finally, StockNews.com upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, April 3rd. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $118.60.

Alexandria Real Estate Equities Price Performance

ARE stock opened at $74.44 on Friday. The company’s 50-day moving average price is $88.13 and its two-hundred day moving average price is $98.31. The firm has a market cap of $12.88 billion, a P/E ratio of 41.36, a P/E/G ratio of 3.93 and a beta of 1.27. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a 12 month low of $70.57 and a 12 month high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.02. The company had revenue of $758.16 million during the quarter, compared to analysts’ expectations of $755.64 million. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. Alexandria Real Estate Equities’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.35 EPS. On average, analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 7.09%. The ex-dividend date was Monday, March 31st. Alexandria Real Estate Equities’s payout ratio is presently 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.