Whittier Trust Co. of Nevada Inc. Decreases Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Whittier Trust Co. of Nevada Inc. reduced its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 96.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,409 shares of the real estate investment trust's stock after selling 44,345 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Alexandria Real Estate Equities were worth $137,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PGGM Investments boosted its holdings in shares of Alexandria Real Estate Equities by 3,602.0% in the 4th quarter. PGGM Investments now owns 958,857 shares of the real estate investment trust's stock valued at $93,537,000 after buying an additional 932,956 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Alexandria Real Estate Equities in the fourth quarter worth about $34,170,000. Analyst IMS Investment Management Services Ltd. grew its stake in shares of Alexandria Real Estate Equities by 170.1% during the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 486,103 shares of the real estate investment trust's stock worth $47,419,000 after acquiring an additional 306,145 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of Alexandria Real Estate Equities by 350.0% during the third quarter. National Bank of Canada FI now owns 341,357 shares of the real estate investment trust's stock valued at $40,536,000 after acquiring an additional 265,508 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Alexandria Real Estate Equities by 114.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 435,416 shares of the real estate investment trust's stock worth $51,706,000 after purchasing an additional 232,817 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Jefferies Financial Group began coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They issued a "hold" rating and a $100.00 target price on the stock. StockNews.com lowered shares of Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research report on Monday, March 17th. JPMorgan Chase & Co. cut shares of Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $133.00 to $121.00 in a report on Wednesday, November 27th. Royal Bank of Canada lowered 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. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Alexandria Real Estate Equities presently has an average rating of "Hold" and a consensus price target of $118.60.

Alexandria Real Estate Equities Trading Down 0.4 %

Shares of ARE stock traded down $0.39 during trading on Thursday, hitting $95.74. 902,689 shares of the stock traded hands, compared to its average volume of 1,039,935. The firm has a market capitalization of $16.57 billion, a P/E ratio of 53.19, a price-to-earnings-growth ratio of 3.93 and a beta of 1.17. Alexandria Real Estate Equities, Inc. has a 52-week low of $93.25 and a 52-week high of $130.14. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The firm's fifty day moving average price is $98.22 and its 200-day moving average price is $106.04.

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

Alexandria Real Estate Equities announced that its Board of Directors has initiated a share 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 repurchase up to 2.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 5.51%. The ex-dividend date of this dividend is Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio (DPR) is 293.33%.

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.