Vident Advisory LLC Sells 20,355 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Vident Advisory LLC cut its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 34.0% in the 4th quarter, Holdings Channel reports. The firm owned 39,532 shares of the real estate investment trust’s stock after selling 20,355 shares during the period. Vident Advisory LLC’s holdings in Alexandria Real Estate Equities were worth $3,856,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ARE. Norges Bank bought a new position in shares of Alexandria Real Estate Equities in the 4th quarter worth about $1,605,426,000. JPMorgan Chase & Co. grew its position in Alexandria Real Estate Equities by 212.9% during the 4th quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust’s stock valued at $806,337,000 after purchasing an additional 5,624,163 shares during the last quarter. Capital World Investors purchased a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at about $326,959,000. Northern Trust Corp boosted its holdings in shares of Alexandria Real Estate Equities by 67.9% during the 4th quarter. Northern Trust Corp now owns 2,565,406 shares of the real estate investment trust’s stock valued at $250,255,000 after acquiring an additional 1,037,413 shares during the last quarter. Finally, PGGM Investments boosted its holdings in shares of Alexandria Real Estate Equities by 3,602.0% during the 4th quarter. PGGM Investments now owns 958,857 shares of the real estate investment trust’s stock valued at $93,537,000 after acquiring an additional 932,956 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on ARE shares. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. 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. JMP Securities reaffirmed a “market outperform” rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. JPMorgan Chase & Co. dropped their price target on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Jefferies Financial Group started coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They set a “hold” rating and a $100.00 price target on the stock. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $116.00.

Alexandria Real Estate Equities Price Performance

NYSE ARE opened at $72.16 on Wednesday. Alexandria Real Estate Equities, Inc. has a 12 month low of $70.15 and a 12 month high of $130.14. The stock has a market cap of $12.48 billion, a price-to-earnings ratio of 40.09, a PEG ratio of 3.93 and a beta of 1.27. The company’s 50 day moving average is $81.48 and its two-hundred day moving average is $94.55. 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 (NYSE:ARE) last released its 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. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. The company had revenue of $758.16 million for the quarter, compared to analysts’ expectations of $755.64 million. During the same quarter last year, the business earned $2.35 EPS. The firm’s revenue was down 1.4% compared to the same quarter last year. As a group, research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 7.32%. The ex-dividend date was Monday, March 31st. Alexandria Real Estate Equities’s payout ratio is 694.74%.

About Alexandria Real Estate Equities

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.