Cerity Partners LLC Sells 5,582 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Cerity Partners LLC decreased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 10.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,761 shares of the real estate investment trust’s stock after selling 5,582 shares during the period. Cerity Partners LLC’s holdings in Alexandria Real Estate Equities were worth $4,757,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Alexandria Real Estate Equities in the fourth quarter worth $1,605,426,000. JPMorgan Chase & Co. boosted its holdings in shares of 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 buying an additional 5,624,163 shares in the last quarter. Geode Capital Management LLC boosted its stake in Alexandria Real Estate Equities by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 4,135,591 shares of the real estate investment trust’s stock worth $402,450,000 after acquiring an additional 96,771 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Alexandria Real Estate Equities by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,466,187 shares of the real estate investment trust’s stock worth $240,577,000 after purchasing an additional 15,285 shares in the last quarter. Finally, PGGM Investments boosted its holdings in Alexandria Real Estate Equities by 3,602.0% in the fourth quarter. PGGM Investments now owns 958,857 shares of the real estate investment trust’s stock worth $93,537,000 after acquiring an additional 932,956 shares in the last quarter. 96.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ARE. StockNews.com upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. Jefferies Financial Group initiated coverage on Alexandria Real Estate Equities in a research note on Monday, March 17th. They set a “hold” rating and a $100.00 price target for the company. JMP Securities restated a “market outperform” rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Royal Bank of Canada decreased their target price on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating on the stock in a research note on Tuesday, December 17th. Finally, 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. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $118.60.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE:ARE opened at $76.83 on Friday. The stock has a market capitalization of $13.29 billion, a P/E ratio of 42.68, a PEG ratio of 3.93 and a beta of 1.24. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The firm has a fifty day simple moving average of $94.08 and a two-hundred day simple moving average of $102.44. Alexandria Real Estate Equities, Inc. has a 52 week low of $71.57 and a 52 week high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. On average, analysts expect 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.32 per share. The ex-dividend date is Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.87%. Alexandria Real Estate Equities’s dividend payout ratio is presently 293.33%.

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.