Atria Investments Inc Decreases Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Atria Investments Inc decreased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 19.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,269 shares of the real estate investment trust's stock after selling 5,993 shares during the period. Atria Investments Inc's holdings in Alexandria Real Estate Equities were worth $2,367,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC bought a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at approximately $29,000. Ashton Thomas Securities LLC bought a new stake in Alexandria Real Estate Equities in the third quarter worth $30,000. Venturi Wealth Management LLC lifted its position 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 buying an additional 180 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Alexandria Real Estate Equities during the third quarter worth $43,000. Finally, Spire Wealth Management increased its position in Alexandria Real Estate Equities by 72.5% during the fourth quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock valued at $58,000 after acquiring an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on ARE. StockNews.com upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Friday, February 28th. JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $133.00 to $121.00 in a research report on Wednesday, November 27th. Wedbush reaffirmed a "neutral" rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lowered Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and decreased their price target for the stock from $135.00 to $112.00 in a research note on Friday, November 15th. Finally, Royal Bank of Canada cut their price objective on Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating on the stock in a research report on Tuesday, December 17th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $121.30.

Remove Ads

Alexandria Real Estate Equities Stock Down 0.3 %

Shares of ARE traded down $0.27 during midday trading on Monday, reaching $102.22. 1,411,889 shares of the stock were exchanged, compared to its average volume of 1,036,750. The company has a market capitalization of $17.69 billion, a P/E ratio of 56.79, 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. Alexandria Real Estate Equities, Inc. has a 52 week low of $93.25 and a 52 week high of $130.14. The company's 50 day moving average is $98.11 and its two-hundred day moving average is $107.87.

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%. On average, sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.32 per share. The ex-dividend date is Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a yield of 5.17%. Alexandria Real Estate Equities's dividend payout ratio is currently 293.33%.

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

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.