Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. cut its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 5.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 449,055 shares of the real estate investment trust’s stock after selling 23,888 shares during the quarter. Bessemer Group Inc.’s holdings in Alexandria Real Estate Equities were worth $41,542,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ARE. Norges Bank acquired a new stake in shares of Alexandria Real Estate Equities in the fourth quarter worth approximately $1,605,426,000. JPMorgan Chase & Co. raised its stake in 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 purchasing an additional 5,624,163 shares during the period. Capital World Investors acquired a new position in shares of Alexandria Real Estate Equities in the 4th quarter valued at $326,959,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Alexandria Real Estate Equities by 1,038.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,610,074 shares of the real estate investment trust’s stock valued at $157,063,000 after buying an additional 1,468,644 shares during the period. Finally, Northern Trust Corp grew its stake 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 buying an additional 1,037,413 shares during the period. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE:ARE opened at $73.82 on Thursday. The business’s 50-day simple moving average is $72.56 and its 200 day simple moving average is $87.84. The company has a market cap of $12.77 billion, a P/E ratio of 97.13, a PEG ratio of 6.35 and a beta of 1.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.22 and a current ratio of 0.22. Alexandria Real Estate Equities, Inc. has a one year low of $67.37 and a one year high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.02. Alexandria Real Estate Equities had a net margin of 4.62% and a return on equity of 0.64%. The company had revenue of $758.16 million during the quarter, compared to the consensus estimate of $755.64 million. During the same quarter last year, the company earned $2.35 earnings per share. Alexandria Real Estate Equities’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 7.15%. The ex-dividend date of this dividend is Monday, June 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 694.74%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ARE. JMP Securities reaffirmed a “market outperform” rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. JPMorgan Chase & Co. cut their price objective on Alexandria Real Estate Equities from $117.00 to $95.00 and set a “neutral” rating on the stock in a report on Tuesday, May 20th. Jefferies Financial Group began coverage on Alexandria Real Estate Equities in a research note on Monday, March 17th. They issued a “hold” rating and a $100.00 price objective on the stock. Finally, Wall Street Zen upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $116.00.

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.