Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Malaga Cove Capital LLC

Malaga Cove Capital LLC decreased its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 9.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,473 shares of the real estate investment trust’s stock after selling 1,031 shares during the quarter. Malaga Cove Capital LLC’s holdings in Alexandria Real Estate Equities were worth $924,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Proficio Capital Partners LLC acquired a new position in shares of Alexandria Real Estate Equities during the fourth quarter worth about $29,000. EverSource Wealth Advisors LLC lifted its stake in 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 acquiring an additional 109 shares during the last quarter. Colonial Trust Co SC grew its holdings in 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 worth $29,000 after acquiring an additional 252 shares in the last quarter. Cary Street Partners Financial LLC purchased a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at approximately $50,000. Finally, Spire Wealth Management increased its position in shares of Alexandria Real Estate Equities by 72.5% in the 4th quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 250 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $72.41 on Wednesday. Alexandria Real Estate Equities, Inc. has a 12 month low of $70.57 and a 12 month high of $130.14. The firm has a market capitalization of $12.53 billion, a P/E ratio of 40.23, a P/E/G ratio of 3.93 and a beta of 1.27. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The company’s fifty day moving average price is $84.23 and its 200 day moving average price is $95.93.

Alexandria Real Estate Equities (NYSE:ARE) last posted 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 1.43% and a net margin of 10.36%. The business had revenue of $758.16 million for the quarter, compared to analysts’ expectations of $755.64 million. During the same quarter in the previous year, the firm earned $2.35 earnings per share. The business’s revenue was down 1.4% compared to the same quarter last year. As a group, sell-side analysts predict 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 company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 7.29%. The ex-dividend date was Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 694.74%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Wedbush reaffirmed a “neutral” rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. 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 target on the stock. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. Finally, JMP Securities reiterated a “market outperform” rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.