Bourgeon Capital Management LLC Decreases Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Bourgeon Capital Management LLC lessened its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 10.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,424 shares of the real estate investment trust's stock after selling 5,308 shares during the period. Bourgeon Capital Management LLC's holdings in Alexandria Real Estate Equities were worth $4,626,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Fulton Bank N.A. grew its stake in shares of Alexandria Real Estate Equities by 77.7% in the 4th quarter. Fulton Bank N.A. now owns 16,165 shares of the real estate investment trust's stock valued at $1,577,000 after buying an additional 7,070 shares during the period. CIBC Asset Management Inc lifted its position in Alexandria Real Estate Equities by 67.3% in the 3rd quarter. CIBC Asset Management Inc now owns 37,276 shares of the real estate investment trust's stock valued at $4,427,000 after acquiring an additional 14,992 shares in the last quarter. CCLA Investment Management boosted its stake in Alexandria Real Estate Equities by 4.0% during the 4th quarter. CCLA Investment Management now owns 841,435 shares of the real estate investment trust's stock valued at $82,023,000 after purchasing an additional 32,367 shares during the last quarter. Pathway Financial Advisers LLC lifted its holdings in shares of Alexandria Real Estate Equities by 11,449.8% in the third quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust's stock valued at $169,056,000 after purchasing an additional 1,411,304 shares in the last quarter. Finally, Leibman Financial Services Inc. boosted its position in shares of Alexandria Real Estate Equities by 21.4% during the fourth quarter. Leibman Financial Services Inc. now owns 41,580 shares of the real estate investment trust's stock valued at $4,056,000 after buying an additional 7,322 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ARE shares. Deutsche Bank Aktiengesellschaft downgraded shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and cut their price objective for the stock from $135.00 to $112.00 in a report on Friday, November 15th. Royal Bank of Canada cut their price objective on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating on the stock in a report on Tuesday, December 17th. Wedbush reaffirmed an "outperform" rating and set a $110.00 price objective (down from $120.00) on shares of Alexandria Real Estate Equities in a report on Friday, December 6th. JMP Securities cut their price objective on shares of Alexandria Real Estate Equities from $140.00 to $130.00 and set a "market outperform" rating on the stock in a report on Friday, November 15th. Finally, Evercore ISI cut their price objective on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating on the stock in a report on Wednesday, October 23rd. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Alexandria Real Estate Equities has a consensus rating of "Hold" and an average target price of $121.90.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock traded down $2.19 during midday trading on Wednesday, reaching $100.63. The stock had a trading volume of 289,781 shares, compared to its average volume of 1,250,312. Alexandria Real Estate Equities, Inc. has a 12 month low of $94.35 and a 12 month high of $130.14. The firm's 50-day moving average price is $102.54 and its 200 day moving average price is $112.56. The firm has a market capitalization of $17.59 billion, a PE ratio of 61.36, a P/E/G ratio of 3.90 and a beta of 1.16. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.38 by ($1.42). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The firm had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. During the same quarter in the prior year, the firm posted $2.26 earnings per share. The company's revenue was up 10.9% on a year-over-year basis. As a group, research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities announced that its Board of Directors has authorized a stock 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 purchase up to 2.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

Alexandria Real Estate Equities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $1.32 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This is a boost from Alexandria Real Estate Equities's previous quarterly dividend of $1.30. This represents a $5.28 annualized dividend and a dividend yield of 5.25%. Alexandria Real Estate Equities's dividend payout ratio is currently 321.95%.

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.