Cambridge Investment Research Advisors Inc. Trims Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Cambridge Investment Research Advisors Inc. lessened its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) by 8.9% during the 4th quarter, HoldingsChannel reports. The firm owned 5,376 shares of the real estate investment trust’s stock after selling 526 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Alexandria Real Estate Equities were worth $783,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Canada Pension Plan Investment Board boosted its holdings in Alexandria Real Estate Equities by 29.2% during the third quarter. Canada Pension Plan Investment Board now owns 3,913,856 shares of the real estate investment trust’s stock worth $548,683,000 after buying an additional 885,711 shares in the last quarter. Centersquare Investment Management LLC boosted its stake in shares of Alexandria Real Estate Equities by 188.7% during the 1st quarter. Centersquare Investment Management LLC now owns 1,341,308 shares of the real estate investment trust’s stock worth $269,938,000 after acquiring an additional 876,725 shares in the last quarter. Prudential Financial Inc. grew its position in shares of Alexandria Real Estate Equities by 323.6% during the 1st quarter. Prudential Financial Inc. now owns 525,170 shares of the real estate investment trust’s stock valued at $105,690,000 after acquiring an additional 401,193 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Alexandria Real Estate Equities by 314.7% in the 4th quarter. Russell Investments Group Ltd. now owns 446,035 shares of the real estate investment trust’s stock valued at $64,973,000 after purchasing an additional 338,478 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Alexandria Real Estate Equities by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 25,749,043 shares of the real estate investment trust’s stock worth $3,609,759,000 after purchasing an additional 253,345 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ARE. Evercore ISI reduced their target price on Alexandria Real Estate Equities from $155.00 to $144.00 and set an “outperform” rating for the company in a research note on Monday, March 27th. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Friday, May 12th. JMP Securities reissued a “buy” rating and set a $180.00 target price on shares of Alexandria Real Estate Equities in a research note on Tuesday, January 31st. Mizuho decreased their price target on shares of Alexandria Real Estate Equities from $180.00 to $145.00 in a research note on Monday, April 24th. Finally, JPMorgan Chase & Co. lifted their price objective on Alexandria Real Estate Equities from $176.00 to $177.00 and gave the stock an “overweight” rating in a report on Thursday, February 2nd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.00.

Alexandria Real Estate Equities Stock Down 0.9 %

ARE stock opened at $115.80 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average of $121.91 and a two-hundred day moving average of $141.41. Alexandria Real Estate Equities, Inc. has a 12 month low of $114.94 and a 12 month high of $172.65. The company has a market cap of $20.03 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 1.34 and a beta of 0.93.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last announced its quarterly earnings data on Tuesday, April 25th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($1.71). The company had revenue of $700.80 million for the quarter, compared to analysts’ expectations of $686.70 million. Alexandria Real Estate Equities had a return on equity of 3.77% and a net margin of 28.01%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.05 EPS. As a group, analysts forecast that Alexandria Real Estate Equities, Inc. will post 8.95 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Friday, March 31st were issued a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend was Thursday, March 30th. Alexandria Real Estate Equities’s dividend payout ratio is currently 106.84%.

Insider Buying and Selling

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of the business’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $122.20, for a total value of $916,500.00. Following the transaction, the chairman now directly owns 351,354 shares in the company, valued at approximately $42,935,458.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is owned by company insiders.

Alexandria Real Estate Equities Profile

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Alexandria Real Estate Equities, Inc engages in the business of providing space for lease. The firm is also an owner, operator, and developer of life science, agrotechnology, and technology campuses in Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.