Envestnet Portfolio Solutions Inc. Raises Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Envestnet Portfolio Solutions Inc. grew its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 36.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,580 shares of the real estate investment trust's stock after purchasing an additional 5,722 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Alexandria Real Estate Equities were worth $2,105,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Empowered Funds LLC boosted its stake in Alexandria Real Estate Equities by 9.8% during the third quarter. Empowered Funds LLC now owns 2,903 shares of the real estate investment trust's stock worth $345,000 after buying an additional 259 shares during the period. Natixis Advisors LLC lifted its holdings in shares of Alexandria Real Estate Equities by 10.0% in the 3rd quarter. Natixis Advisors LLC now owns 120,098 shares of the real estate investment trust's stock worth $14,262,000 after acquiring an additional 10,917 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Alexandria Real Estate Equities by 17.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 146,300 shares of the real estate investment trust's stock worth $17,373,000 after purchasing an additional 21,697 shares during the period. Prospera Private Wealth LLC bought a new position in Alexandria Real Estate Equities during the 3rd quarter valued at about $413,000. Finally, Charles Schwab Investment Management Inc. raised its position in Alexandria Real Estate Equities by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,450,902 shares of the real estate investment trust's stock worth $291,045,000 after purchasing an additional 72,934 shares during the period. Hedge funds and other institutional investors own 96.54% of the company's stock.

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Alexandria Real Estate Equities Stock Down 1.6 %

NYSE:ARE traded down $1.60 during trading hours on Tuesday, reaching $95.95. The company's stock had a trading volume of 1,029,097 shares, compared to its average volume of 1,042,067. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. The company has a market capitalization of $16.61 billion, a P/E ratio of 53.31, a price-to-earnings-growth ratio of 3.93 and a beta of 1.17. The stock has a 50 day moving average price of $98.31 and a two-hundred day moving average price of $106.25. Alexandria Real Estate Equities, Inc. has a 12 month low of $93.25 and a 12 month high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly 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 return on equity of 1.43% and a net margin of 10.36%. Equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities declared that its Board of Directors has initiated a share repurchase program on Monday, December 9th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to repurchase up to 2.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its stock is undervalued.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $1.32 per share. The ex-dividend date is Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a yield of 5.50%. Alexandria Real Estate Equities's payout ratio is 293.33%.

Wall Street Analysts Forecast Growth

ARE has been the subject of several recent analyst reports. 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. Wedbush reaffirmed a "neutral" rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. StockNews.com downgraded Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research report on Monday, March 17th. JPMorgan Chase & Co. downgraded shares of Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. Finally, Royal Bank of Canada lowered their price objective on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating for the company in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Alexandria Real Estate Equities has an average rating of "Hold" and a consensus price target of $118.60.

About Alexandria Real Estate Equities

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.