Cibc World Markets Corp Acquires 7,465 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Cibc World Markets Corp boosted its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 12.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 69,861 shares of the real estate investment trust's stock after buying an additional 7,465 shares during the quarter. Cibc World Markets Corp's holdings in Alexandria Real Estate Equities were worth $6,815,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Arbor Capital Management Inc. ADV grew its stake in shares of Alexandria Real Estate Equities by 12.3% in the fourth quarter. Arbor Capital Management Inc. ADV now owns 10,637 shares of the real estate investment trust's stock worth $1,030,000 after acquiring an additional 1,163 shares during the period. Nicholas Company Inc. bought a new stake in Alexandria Real Estate Equities in the 4th quarter worth approximately $3,996,000. Envestnet Portfolio Solutions Inc. grew its position in Alexandria Real Estate Equities by 36.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 21,580 shares of the real estate investment trust's stock worth $2,105,000 after purchasing an additional 5,722 shares during the period. Hutchinson Capital Management CA grew its position in Alexandria Real Estate Equities by 25.0% in the 4th quarter. Hutchinson Capital Management CA now owns 108,618 shares of the real estate investment trust's stock worth $10,596,000 after purchasing an additional 21,703 shares during the period. Finally, Frank Rimerman Advisors LLC bought a new stake in shares of Alexandria Real Estate Equities in the fourth quarter worth $213,000. Hedge funds and other institutional investors own 96.54% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts recently commented on ARE shares. StockNews.com lowered Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a report on Monday, March 17th. JMP Securities restated a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and cut their target price for the company from $133.00 to $121.00 in a research report on Wednesday, November 27th. Wedbush reissued a "neutral" rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Finally, Jefferies Financial Group began coverage on shares of Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a "hold" rating and a $100.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of "Hold" and a consensus target price of $118.60.

Alexandria Real Estate Equities Price Performance

Alexandria Real Estate Equities stock traded down $0.74 during mid-day trading on Friday, hitting $96.24. The stock had a trading volume of 2,205,868 shares, compared to its average volume of 1,042,146. The firm has a market capitalization of $16.66 billion, a P/E ratio of 53.46, a P/E/G 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. The firm's 50 day moving average is $98.31 and its 200 day moving average is $106.55. Alexandria Real Estate Equities, Inc. has a one year low of $93.25 and a one year high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. On average, sell-side analysts forecast 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 of Directors has approved a share 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 typically an indication that the company's management believes its shares are undervalued.

Alexandria Real Estate Equities Dividend Announcement

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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a yield of 5.49%. Alexandria Real Estate Equities's dividend payout ratio is currently 293.33%.

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.