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meriprise Financial Inc. reduced its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 31.3% during the fourth quarter, according to a recent SEC filing. The company owned approximately 212,850 shares of the real estate investment trust's stock after selling 96,770 shares during the quarter. This represents about 0.12% of Alexandria Real Estate Equities' total value, worth around $20.75 million.

    Other institutional investors have also made significant changes to their positions in the company. Mercer Global Advisors Inc. ADV purchased a new stake in Alexandria Real Estate Equities valued at approximately $407,000 during the fourth quarter. Schonfeld Strategic Advisors LLC increased its holdings by 3,106.8% and now owns 183,940 shares worth around $17.94 million. AQR Capital Management LLC also increased its holdings by 495.8%, owning 248,047 shares valued at $24.11 million.

    Hedge funds and other institutional investors own approximately 96.54% of Alexandria Real Estate Equities' stock. The company's stock has a current ratio of 0.21, a quick ratio of 0.21, and a debt-to-equity ratio of 0.55. Its market capitalization is around $12.36 billion, with a PE ratio of 39.69 and a P/E/G ratio of 3.93.

    Alexandria Real Estate Equities recently reported earnings per share of $2.30 for the quarter, beating analyst estimates by $0.02. The company's revenue was down 1.4% year-over-year to $758.16 million. Analysts expect Alexandria Real Estate Equities to post EPS of 9.32 for the current year.

    The business declared a quarterly dividend of $1.32 per share, paid on April 15th to stockholders of record on March 31st. This represents an annualized dividend of $5.28 and a dividend yield of 7.39%. The ex-dividend date was March 31st.

    Analysts have set new price targets for Alexandria Real Estate Equities, with JMP Securities reiterating a "market outperform" rating and Jefferies Financial Group initiating coverage with a "hold" rating. Wedbush also restated a "neutral" rating and StockNews.com upgraded the stock from a "sell" to a "hold" rating.