Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Kavar Capital Partners Group LLC

Kavar Capital Partners Group LLC trimmed its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 2.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,206 shares of the real estate investment trust’s stock after selling 200 shares during the period. Kavar Capital Partners Group LLC’s holdings in Alexandria Real Estate Equities were worth $759,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its position in shares of Alexandria Real Estate Equities by 57.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 109 shares during the period. Colonial Trust Co SC raised its holdings in shares of Alexandria Real Estate Equities by 514.3% during the 4th quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 252 shares during the period. Cary Street Partners Financial LLC acquired a new position in Alexandria Real Estate Equities during the 4th quarter worth approximately $50,000. True Wealth Design LLC boosted its holdings in Alexandria Real Estate Equities by 663.5% in the 4th quarter. True Wealth Design LLC now owns 649 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 564 shares during the period. Finally, Sherman Asset Management Inc. purchased a new position in Alexandria Real Estate Equities in the 4th quarter worth approximately $75,000. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Down 2.1%

NYSE:ARE opened at $73.82 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.22 and a current ratio of 0.22. The company has a market capitalization of $12.77 billion, a price-to-earnings ratio of 97.13, a price-to-earnings-growth ratio of 6.35 and a beta of 1.25. Alexandria Real Estate Equities, Inc. has a one year low of $67.37 and a one year high of $130.14. The stock has a 50-day simple moving average of $72.56 and a 200 day simple moving average of $87.84.

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 return on equity of 0.64% and a net margin of 4.62%. The company had revenue of $758.16 million for the quarter, compared to the consensus estimate of $755.64 million. During the same quarter last year, the business posted $2.35 EPS. Alexandria Real Estate Equities’s quarterly revenue was down 1.4% compared to the same quarter last year. Sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ARE. JMP Securities reissued a “market outperform” rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. Wall Street Zen upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a “neutral” rating for the company in a research report on Tuesday, May 20th. Finally, Jefferies Financial Group initiated coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a “hold” rating and a $100.00 target price on the stock. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus 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.