Leeward Investments LLC MA Sells 3,123 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Leeward Investments LLC MA reduced its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 3.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 79,505 shares of the real estate investment trust's stock after selling 3,123 shares during the period. Leeward Investments LLC MA's holdings in Alexandria Real Estate Equities were worth $7,756,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ARE. Callan Capital LLC raised its stake in shares of Alexandria Real Estate Equities by 1.3% in the fourth quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust's stock valued at $873,000 after acquiring an additional 111 shares during the last quarter. Capital Square LLC increased its holdings in Alexandria Real Estate Equities by 2.1% during the 3rd quarter. Capital Square LLC now owns 5,811 shares of the real estate investment trust's stock valued at $690,000 after purchasing an additional 118 shares in the last quarter. Private Advisor Group LLC increased its holdings in Alexandria Real Estate Equities by 5.1% during the 3rd quarter. Private Advisor Group LLC now owns 2,651 shares of the real estate investment trust's stock valued at $315,000 after purchasing an additional 129 shares in the last quarter. Avitas Wealth Management LLC raised its position in Alexandria Real Estate Equities by 1.5% in the 3rd quarter. Avitas Wealth Management LLC now owns 10,910 shares of the real estate investment trust's stock valued at $1,296,000 after purchasing an additional 163 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in 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 purchasing an additional 180 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Trading Up 1.9 %

Shares of ARE stock traded up $1.87 during trading hours on Thursday, reaching $100.95. The company had a trading volume of 986,418 shares, compared to its average volume of 1,340,524. 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 $93.25 and a 1-year high of $130.14. The company has a 50 day moving average of $97.75 and a 200 day moving average of $108.54. The firm has a market cap of $17.47 billion, a price-to-earnings ratio of 56.08, a P/E/G ratio of 3.93 and a beta of 1.16.

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 analysts' consensus estimates 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%. On average, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities declared that its board has authorized a stock buyback program on Monday, December 9th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to purchase up to 2.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

Alexandria Real Estate Equities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $1.32 dividend. The ex-dividend date was Tuesday, December 31st. This is a positive change from Alexandria Real Estate Equities's previous quarterly dividend of $1.30. This represents a $5.28 annualized dividend and a yield of 5.23%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is 293.33%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ARE shares. JMP Securities restated a "market outperform" rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Royal Bank of Canada lowered their price objective on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating for the company in a research report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft lowered shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and reduced their target price for the stock from $135.00 to $112.00 in a research report on Friday, November 15th. StockNews.com cut shares of Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Finally, Wedbush restated a "neutral" rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $121.30.

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.