Nisa Investment Advisors LLC Has $5.08 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Nisa Investment Advisors LLC trimmed its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 9.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,312 shares of the real estate investment trust's stock after selling 5,501 shares during the quarter. Nisa Investment Advisors LLC's holdings in Alexandria Real Estate Equities were worth $5,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Presima Securities ULC increased its stake in shares of Alexandria Real Estate Equities by 0.9% during the 3rd quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust's stock worth $1,392,000 after purchasing an additional 100 shares during the last quarter. Capital Square LLC lifted its position in shares of Alexandria Real Estate Equities by 2.1% in the third quarter. Capital Square LLC now owns 5,811 shares of the real estate investment trust's stock worth $690,000 after buying an additional 118 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of 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 worth $315,000 after acquiring an additional 129 shares in the last quarter. Cascade Investment Advisors Inc. increased its holdings in shares of Alexandria Real Estate Equities by 1.3% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 10,075 shares of the real estate investment trust's stock valued at $1,196,000 after acquiring an additional 130 shares during the last quarter. Finally, NBC Securities Inc. raised its stake in shares of Alexandria Real Estate Equities by 9.7% in the 3rd quarter. NBC Securities Inc. now owns 1,475 shares of the real estate investment trust's stock valued at $175,000 after acquiring an additional 130 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ARE. Deutsche Bank Aktiengesellschaft downgraded Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and lowered their price target for the company from $135.00 to $112.00 in a research report on Friday, November 15th. JMP Securities dropped their price target on Alexandria Real Estate Equities from $140.00 to $130.00 and set a "market outperform" rating on the stock in a research report on Friday, November 15th. Robert W. Baird reduced their price objective on Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $133.00 to $121.00 in a research report on Wednesday, November 27th. Finally, Wedbush reissued an "outperform" rating and issued a $110.00 price target (down from $120.00) on shares of Alexandria Real Estate Equities in a report on Friday, December 6th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $121.90.

Alexandria Real Estate Equities Trading Up 1.1 %

Shares of NYSE ARE traded up $1.11 during midday trading on Friday, hitting $101.56. The stock had a trading volume of 859,436 shares, compared to its average volume of 1,048,826. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $94.35 and a fifty-two week high of $130.14. The firm has a market cap of $17.75 billion, a P/E ratio of 61.92, a price-to-earnings-growth ratio of 3.85 and a beta of 1.16. The company's 50-day simple moving average is $102.13 and its 200 day simple moving average is $112.29.

Alexandria Real Estate Equities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $1.32 dividend. The ex-dividend date was Tuesday, December 31st. This is a boost from Alexandria Real Estate Equities's previous quarterly dividend of $1.30. This represents a $5.28 dividend on an annualized basis and a yield of 5.20%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 321.95%.

Alexandria Real Estate Equities declared that its board has authorized a stock repurchase 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 reacquire up to 2.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are 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.