Avantax Advisory Services Inc. Decreases Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Avantax Advisory Services Inc. cut its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 58.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,587 shares of the real estate investment trust's stock after selling 3,659 shares during the quarter. Avantax Advisory Services Inc.'s holdings in Alexandria Real Estate Equities were worth $252,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp grew its holdings in shares of Alexandria Real Estate Equities by 1.1% in the third quarter. State Street Corp now owns 10,585,038 shares of the real estate investment trust's stock valued at $1,270,634,000 after purchasing an additional 112,864 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Alexandria Real Estate Equities by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,466,187 shares of the real estate investment trust's stock valued at $240,577,000 after buying an additional 15,285 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Alexandria Real Estate Equities by 5.0% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,541 shares of the real estate investment trust's stock valued at $88,140,000 after acquiring an additional 42,825 shares during the last quarter. Amundi grew its position in Alexandria Real Estate Equities by 8.8% in the fourth quarter. Amundi now owns 876,650 shares of the real estate investment trust's stock worth $85,417,000 after acquiring an additional 70,553 shares in the last quarter. Finally, CCLA Investment Management increased its stake in Alexandria Real Estate Equities by 4.0% during the fourth quarter. CCLA Investment Management now owns 841,435 shares of the real estate investment trust's stock worth $82,023,000 after acquiring an additional 32,367 shares during the last quarter. Institutional investors own 96.54% of the company's stock.

Remove Ads

Alexandria Real Estate Equities Stock Performance

NYSE:ARE traded down $0.13 during midday trading on Friday, hitting $95.58. The company's stock had a trading volume of 887,436 shares, compared to its average volume of 1,083,312. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $93.25 and a fifty-two week high of $130.14. The firm's 50 day moving average is $98.01 and its 200-day moving average is $105.71. The firm has a market cap of $16.54 billion, a P/E ratio of 53.10, a P/E/G ratio of 3.93 and a beta of 1.17.

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

Alexandria Real Estate Equities declared that its board has authorized a stock repurchase plan on Monday, December 9th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the real estate investment trust to repurchase up to 2.7% of its shares through open market purchases. Shares buyback plans are often an indication 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. Shareholders of record on Monday, March 31st will be issued a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date of this dividend is Monday, March 31st. Alexandria Real Estate Equities's payout ratio is presently 293.33%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ARE shares. Royal Bank of Canada cut 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 report on Tuesday, December 17th. JMP Securities reissued a "market outperform" rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. 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. StockNews.com cut Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research report on Monday, March 17th. Finally, Jefferies Financial Group started coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They issued a "hold" rating and a $100.00 price target for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $118.60.

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.