Invesco Ltd. Trims Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Invesco Ltd. trimmed its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 40.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,264,780 shares of the real estate investment trust’s stock after selling 1,534,883 shares during the quarter. Invesco Ltd.’s holdings in Alexandria Real Estate Equities were worth $220,929,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in Alexandria Real Estate Equities by 57.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 109 shares during the period. Callan Capital LLC increased its stake in Alexandria Real Estate Equities by 1.3% in the 4th quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust’s stock worth $873,000 after acquiring an additional 111 shares during the last quarter. Wedbush Securities Inc. increased its stake in Alexandria Real Estate Equities by 5.8% in the 4th quarter. Wedbush Securities Inc. now owns 2,300 shares of the real estate investment trust’s stock worth $224,000 after acquiring an additional 126 shares during the last quarter. M&T Bank Corp raised its holdings in shares of Alexandria Real Estate Equities by 0.7% in the 4th quarter. M&T Bank Corp now owns 19,478 shares of the real estate investment trust’s stock valued at $1,901,000 after acquiring an additional 127 shares in the last quarter. Finally, Garland Capital Management Inc. boosted its position in shares of Alexandria Real Estate Equities by 0.6% during the 4th quarter. Garland Capital Management Inc. now owns 29,580 shares of the real estate investment trust’s stock valued at $2,886,000 after acquiring an additional 175 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE opened at $76.83 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $71.57 and a fifty-two week high of $130.14. The firm has a market cap of $13.30 billion, a PE ratio of 42.68, a price-to-earnings-growth ratio of 3.93 and a beta of 1.24. The business has a 50 day moving average price of $94.08 and a 200-day moving average price of $102.44.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, beating the consensus estimate 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%. Equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 6.87%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities’s payout ratio is 293.33%.

Analyst Ratings Changes

Several research analysts recently weighed in on ARE shares. Wedbush restated a “neutral” rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Jefferies Financial Group assumed coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a “hold” rating and a $100.00 price target on the stock. Royal Bank of Canada dropped their price objective on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a report on Tuesday, December 17th. JMP Securities reissued a “market outperform” rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Finally, StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note 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, Alexandria Real Estate Equities has a consensus rating of “Hold” and a consensus price target of $118.60.

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.