New Age Alpha Advisors LLC Acquires Shares of 40,653 Alexandria Real Estate Equities, Inc. (NYSE:ARE)

New Age Alpha Advisors LLC acquired a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 40,653 shares of the real estate investment trust's stock, valued at approximately $3,966,000.

Other hedge funds also recently added to or reduced their stakes in the company. Fulton Bank N.A. boosted its stake in shares of Alexandria Real Estate Equities by 77.7% during the fourth quarter. Fulton Bank N.A. now owns 16,165 shares of the real estate investment trust's stock valued at $1,577,000 after purchasing an additional 7,070 shares in the last quarter. Magnetar Financial LLC bought a new stake in Alexandria Real Estate Equities during the 4th quarter valued at $968,000. Hahn Capital Management LLC increased its holdings in shares of Alexandria Real Estate Equities by 50.4% in the 4th quarter. Hahn Capital Management LLC now owns 68,370 shares of the real estate investment trust's stock valued at $6,669,000 after acquiring an additional 22,926 shares during the period. CCLA Investment Management raised its position in shares of Alexandria Real Estate Equities by 4.0% in the 4th quarter. CCLA Investment Management now owns 841,435 shares of the real estate investment trust's stock worth $82,023,000 after acquiring an additional 32,367 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Alexandria Real Estate Equities by 5.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,541 shares of the real estate investment trust's stock worth $88,140,000 after purchasing an additional 42,825 shares during the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Royal Bank of Canada cut their target price on Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating on the stock in a research note on Tuesday, December 17th. Wedbush reiterated a "neutral" rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. 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, January 29th. Jefferies Financial Group started coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a "hold" rating and a $100.00 price target on the stock. Finally, StockNews.com downgraded Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of "Hold" and an average price target of $118.60.

Alexandria Real Estate Equities Stock Performance

ARE traded up $1.06 during trading on Wednesday, reaching $92.21. 371,007 shares of the company's stock were exchanged, compared to its average volume of 1,280,529. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. Alexandria Real Estate Equities, Inc. has a 1 year low of $90.07 and a 1 year high of $130.14. The company's fifty day simple moving average is $97.59 and its 200-day simple moving average is $105.17. The stock has a market capitalization of $15.96 billion, a P/E ratio of 51.23, a price-to-earnings-growth ratio of 3.93 and a beta of 1.24.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $1.48. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. As a group, research analysts predict 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 5.73%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities's payout ratio is presently 293.33%.

Alexandria Real Estate Equities announced that its Board of Directors has initiated a share buyback program on Monday, December 9th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to repurchase up to 2.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

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.