CIBC Asset Management Inc Purchases 7,296 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

CIBC Asset Management Inc raised its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 19.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,572 shares of the real estate investment trust's stock after acquiring an additional 7,296 shares during the period. CIBC Asset Management Inc's holdings in Alexandria Real Estate Equities were worth $4,348,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ARE. Catalyst Capital Advisors LLC bought a new stake in Alexandria Real Estate Equities during the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter worth $30,000. Venturi Wealth Management LLC raised its stake in shares of Alexandria Real Estate Equities by 144.0% in the 3rd 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter worth $43,000. Finally, Spire Wealth Management raised its stake in shares of Alexandria Real Estate Equities by 72.5% in the 4th quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock worth $58,000 after buying an additional 250 shares in the last quarter. Institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Up 0.1 %

NYSE ARE traded up $0.07 on Friday, reaching $95.59. The stock had a trading volume of 1,101,349 shares, compared to its average volume of 1,364,003. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $16.55 billion, a price-to-earnings ratio of 53.11, a P/E/G ratio of 3.93 and a beta of 1.16. The business has a 50 day moving average price of $97.85 and a 200 day moving average price of $108.84. Alexandria Real Estate Equities, Inc. has a 1 year low of $93.25 and a 1 year 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 EPS for the quarter, beating 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, analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $1.32 per share. This is a positive change from Alexandria Real Estate Equities's previous quarterly dividend of $1.30. The ex-dividend date was Tuesday, December 31st. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.52%. Alexandria Real Estate Equities's dividend payout ratio is currently 293.33%.

Alexandria Real Estate Equities declared that its Board of Directors has approved a share buyback plan on Monday, December 9th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to buy up to 2.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ARE shares. Robert W. Baird dropped their price objective on Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating on the stock in a research note on Friday, November 8th. Wedbush reissued a "neutral" rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. StockNews.com downgraded Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research note on Thursday. JPMorgan Chase & Co. downgraded Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft lowered Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and cut their target price for the stock from $135.00 to $112.00 in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of "Hold" and an average target price 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.