Sequoia Financial Advisors LLC Sells 840 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Sequoia Financial Advisors LLC lowered its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 26.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,341 shares of the real estate investment trust’s stock after selling 840 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board lifted its position in Alexandria Real Estate Equities by 5.2% during the third quarter. Public Sector Pension Investment Board now owns 32,528 shares of the real estate investment trust’s stock valued at $3,256,000 after acquiring an additional 1,617 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Alexandria Real Estate Equities by 42.0% during the third quarter. Wellington Management Group LLP now owns 17,464 shares of the real estate investment trust’s stock worth $1,748,000 after acquiring an additional 5,168 shares during the last quarter. Phoenix Holdings Ltd. acquired a new position in shares of Alexandria Real Estate Equities during the third quarter valued at about $663,000. Public Employees Retirement System of Ohio raised its position in shares of Alexandria Real Estate Equities by 2.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 293,332 shares of the real estate investment trust’s stock valued at $29,363,000 after purchasing an additional 6,537 shares during the last quarter. Finally, DNB Asset Management AS boosted its stake in Alexandria Real Estate Equities by 2.4% in the 4th quarter. DNB Asset Management AS now owns 28,262 shares of the real estate investment trust’s stock worth $3,583,000 after purchasing an additional 660 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ARE. Evercore ISI cut their price target on shares of Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Wedbush reiterated an “outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 24th. Finally, StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Alexandria Real Estate Equities presently has an average rating of “Moderate Buy” and an average price target of $136.75.

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE opened at $116.08 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market capitalization of $20.30 billion, a price-to-earnings ratio of 108.49, a PEG ratio of 2.92 and a beta of 1.15. The firm’s 50 day simple moving average is $118.08 and its 200-day simple moving average is $121.27. Alexandria Real Estate Equities, Inc. has a 12 month low of $90.73 and a 12 month high of $135.45.

Alexandria Real Estate Equities Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $1.30 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.48%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. Alexandria Real Estate Equities’s dividend payout ratio is currently 485.99%.

Insider Buying and Selling

In other news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $4.21, for a total value of $631,500.00. Following the completion of the sale, the insider now owns 6,005,077 shares of the company’s stock, valued at approximately $25,281,374.17. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.15% of the stock is owned by company insiders.

Alexandria Real Estate Equities Company 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.