Motley Fool Asset Management LLC Raises Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Motley Fool Asset Management LLC boosted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 9.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,472 shares of the real estate investment trust's stock after purchasing an additional 2,880 shares during the quarter. Motley Fool Asset Management LLC's holdings in Alexandria Real Estate Equities were worth $3,265,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. OLD Mission Capital LLC purchased a new position in Alexandria Real Estate Equities during the 4th quarter valued at about $599,000. Geode Capital Management LLC grew its holdings in shares of Alexandria Real Estate Equities by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 4,135,591 shares of the real estate investment trust's stock valued at $402,450,000 after buying an additional 96,771 shares during the last quarter. HighPoint Advisor Group LLC boosted its stake in Alexandria Real Estate Equities by 19.8% during the 4th quarter. HighPoint Advisor Group LLC now owns 2,182 shares of the real estate investment trust's stock valued at $207,000 after purchasing an additional 360 shares during the last quarter. Wellington Management Group LLP increased its holdings in Alexandria Real Estate Equities by 33.9% in the 4th quarter. Wellington Management Group LLP now owns 36,713 shares of the real estate investment trust's stock worth $3,581,000 after buying an additional 9,295 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Alexandria Real Estate Equities by 42.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 419,015 shares of the real estate investment trust's stock worth $40,875,000 after acquiring an additional 125,370 shares during the period. Institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE traded up $2.49 on Tuesday, reaching $80.30. The company's stock had a trading volume of 812,351 shares, compared to its average volume of 1,117,727. The company has a 50-day simple moving average of $96.25 and a 200 day simple moving average of $104.06. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. The company has a market cap of $13.90 billion, a P/E ratio of 44.77, a PEG ratio of 3.93 and a beta of 1.24. Alexandria Real Estate Equities, Inc. has a 52-week low of $76.50 and a 52-week high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, topping the consensus estimate of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. As a group, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

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

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 6.58%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities's payout ratio is 293.33%.

Analyst Ratings Changes

Several research firms have recently weighed in on ARE. Royal Bank of Canada lowered their price target on Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating on the stock in a report on Tuesday, December 17th. Wedbush restated a "neutral" rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. StockNews.com upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. JMP Securities reiterated 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. Finally, 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 objective on the stock. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $118.60.

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.