Cbre Investment Management Listed Real Assets LLC Decreases Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Cbre Investment Management Listed Real Assets LLC decreased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 39.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 189,350 shares of the real estate investment trust's stock after selling 122,215 shares during the period. Cbre Investment Management Listed Real Assets LLC owned approximately 0.11% of Alexandria Real Estate Equities worth $18,471,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ARE. Private Advisor Group LLC increased its holdings in shares of Alexandria Real Estate Equities by 5.1% during the 3rd quarter. Private Advisor Group LLC now owns 2,651 shares of the real estate investment trust's stock worth $315,000 after buying an additional 129 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Alexandria Real Estate Equities by 30.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,550 shares of the real estate investment trust's stock worth $540,000 after buying an additional 1,062 shares during the last quarter. US Bancorp DE increased its holdings in shares of Alexandria Real Estate Equities by 23.1% during the 3rd quarter. US Bancorp DE now owns 20,470 shares of the real estate investment trust's stock worth $2,431,000 after buying an additional 3,847 shares during the last quarter. Stephens Inc. AR increased its holdings in shares of Alexandria Real Estate Equities by 32.8% during the 3rd quarter. Stephens Inc. AR now owns 3,070 shares of the real estate investment trust's stock worth $365,000 after buying an additional 758 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Alexandria Real Estate Equities by 45.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,356 shares of the real estate investment trust's stock worth $161,000 after buying an additional 426 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ARE. Wedbush restated a "neutral" rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Royal Bank of Canada cut 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 report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft downgraded shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and cut their price target for the stock from $135.00 to $112.00 in a report on Friday, November 15th. Robert W. Baird cut their price target on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating for the company in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. downgraded shares of 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 report on Wednesday, November 27th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $121.30.

Alexandria Real Estate Equities Stock Up 1.8 %

ARE stock traded up $1.78 during midday trading on Wednesday, hitting $102.27. The company's stock had a trading volume of 994,686 shares, compared to its average volume of 1,032,502. The company has a quick ratio of 0.21, a current 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 firm has a market capitalization of $17.70 billion, a P/E ratio of 56.81, a PEG ratio of 3.93 and a beta of 1.16. The firm has a 50-day simple moving average of $98.02 and a 200-day simple moving average of $108.12.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, beating 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%. As a group, equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $1.32 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $5.28 annualized dividend and a yield of 5.16%. Alexandria Real Estate Equities's dividend payout ratio is presently 293.33%.

Alexandria Real Estate Equities announced that its board has initiated a stock buyback program 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 programs are generally an indication that the company's management believes its shares are undervalued.

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.