Amundi Boosts Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Amundi increased its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 8.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 876,650 shares of the real estate investment trust's stock after purchasing an additional 70,553 shares during the period. Amundi owned approximately 0.51% of Alexandria Real Estate Equities worth $85,417,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ARE. Proficio Capital Partners LLC purchased a new position in shares of Alexandria Real Estate Equities during the 4th quarter worth approximately $29,000. Ashton Thomas Securities LLC purchased a new position in shares of Alexandria Real Estate Equities during the 3rd quarter worth approximately $30,000. Venturi Wealth Management LLC boosted its position in shares of Alexandria Real Estate Equities by 144.0% during the 3rd 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 during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Alexandria Real Estate Equities during the 3rd quarter worth approximately $43,000. Finally, Spire Wealth Management boosted its position in shares of 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 worth $58,000 after purchasing an additional 250 shares during the period. Hedge funds and other institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Price Performance

Shares of ARE opened at $99.32 on Wednesday. Alexandria Real Estate Equities, Inc. has a twelve month low of $93.25 and a twelve month high of $130.14. The firm's fifty day simple moving average is $98.23 and its 200-day simple moving average is $107.60. The firm has a market capitalization of $17.19 billion, a price-to-earnings ratio of 55.18, a PEG ratio of 3.93 and a beta of 1.17. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55.

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

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

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $1.32 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $5.28 annualized dividend and a yield of 5.32%. Alexandria Real Estate Equities's dividend payout ratio is currently 293.33%.

Analysts Set New Price Targets

Several equities analysts have commented on ARE shares. JMP Securities reissued a "market outperform" rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Wedbush reissued a "neutral" rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. StockNews.com raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Royal Bank of Canada decreased their price target 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. Finally, Deutsche Bank Aktiengesellschaft cut shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and decreased their price target for the company from $135.00 to $112.00 in a research report on Friday, November 15th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $121.30.

Alexandria Real Estate Equities Company 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.

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