Commerzbank Aktiengesellschaft FI Boosts Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Commerzbank Aktiengesellschaft FI lifted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 40.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,741 shares of the real estate investment trust's stock after buying an additional 8,025 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Alexandria Real Estate Equities were worth $2,714,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Catalyst Capital Advisors LLC acquired a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter valued at $25,000. Proficio Capital Partners LLC bought a new position in Alexandria Real Estate Equities in the fourth quarter valued at about $29,000. Ashton Thomas Securities LLC bought a new position in Alexandria Real Estate Equities in the third quarter valued at about $30,000. Venturi Wealth Management LLC boosted its stake in shares of Alexandria Real Estate Equities by 144.0% during the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 180 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Alexandria Real Estate Equities during the third quarter worth about $43,000. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Up 1.7 %

ARE stock traded up $1.73 during midday trading on Wednesday, reaching $102.22. 598,657 shares of the company's stock traded hands, compared to its average volume of 1,030,582. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The firm's fifty day moving average price is $97.97 and its 200-day moving average price is $108.16. Alexandria Real Estate Equities, Inc. has a 52 week low of $93.25 and a 52 week high of $130.14. The company has a market cap of $17.69 billion, a price-to-earnings ratio of 56.81, a P/E/G ratio of 3.93 and a beta of 1.16.

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, 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%. As a group, 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 announced that its board has approved a share repurchase plan 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 plans are often a sign that the company's management believes its stock is undervalued.

Alexandria Real Estate Equities Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and reduced their target price for the stock from $135.00 to $112.00 in a report on Friday, November 15th. Wedbush restated a "neutral" rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. JMP Securities reaffirmed a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $133.00 to $121.00 in a research note on Wednesday, November 27th. Finally, StockNews.com raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. 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 has an average rating of "Hold" and an average target price of $121.30.

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.