Zurcher Kantonalbank Zurich Cantonalbank Grows Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 17.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 170,606 shares of the real estate investment trust's stock after buying an additional 24,926 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.10% of Alexandria Real Estate Equities worth $16,643,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new position in Alexandria Real Estate Equities during the 4th quarter worth approximately $29,000. Ashton Thomas Securities LLC bought a new position in shares of Alexandria Real Estate Equities in the third quarter worth approximately $30,000. Venturi Wealth Management LLC increased its stake in shares of Alexandria Real Estate Equities by 144.0% in the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust's stock worth $36,000 after buying an additional 180 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Alexandria Real Estate Equities during the 3rd quarter valued at $43,000. Finally, Spire Wealth Management boosted its position in Alexandria Real Estate Equities by 72.5% during the 4th quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock valued at $58,000 after buying an additional 250 shares during the period. Institutional investors own 96.54% of the company's stock.

Wall Street Analyst Weigh In

ARE has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and lowered their price objective for the company from $135.00 to $112.00 in a research note on Friday, November 15th. Royal Bank of Canada reduced 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. StockNews.com raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. JMP Securities reissued a "market outperform" rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $121.30.

Remove Ads

Alexandria Real Estate Equities Stock Down 2.0 %

Shares of NYSE ARE traded down $1.93 on Thursday, reaching $96.59. 1,042,211 shares of the company's stock traded hands, compared to its average volume of 1,040,114. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The business's 50 day simple moving average is $98.23 and its two-hundred day simple moving average is $107.46. Alexandria Real Estate Equities, Inc. has a 12 month low of $93.25 and a 12 month high of $130.14. The company has a market cap of $16.72 billion, a price-to-earnings ratio of 53.66, a price-to-earnings-growth ratio of 3.93 and a beta of 1.17.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS 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 forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

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

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $1.32 per share. The ex-dividend date is Monday, March 31st. This represents a $5.28 annualized dividend and a dividend yield of 5.47%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 293.33%.

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.