Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 37.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 118,454 shares of the real estate investment trust's stock after buying an additional 32,454 shares during the period. Handelsbanken Fonder AB owned 0.07% of Alexandria Real Estate Equities worth $11,555,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ARE. Catalyst Capital Advisors LLC purchased a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter valued at approximately $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter worth about $30,000. Venturi Wealth Management LLC raised its holdings in Alexandria Real Estate Equities by 144.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 180 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Alexandria Real Estate Equities during the third quarter worth about $43,000. Finally, Spire Wealth Management raised its stake in shares of Alexandria Real Estate Equities by 72.5% in the 4th quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock valued at $58,000 after acquiring an additional 250 shares during the period. Hedge funds and other institutional investors own 96.54% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Robert W. Baird cut their target price on Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. Wedbush reissued a "neutral" rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a research note 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 stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. StockNews.com cut shares of Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a report on Thursday, February 20th. Finally, Royal Bank of Canada reduced 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. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of "Hold" and an average target price of $121.30.

Alexandria Real Estate Equities Price Performance

NYSE:ARE traded down $1.92 during trading hours on Wednesday, reaching $99.01. 882,891 shares of the company traded hands, compared to its average volume of 1,344,243. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. Alexandria Real Estate Equities, Inc. has a 1-year low of $93.25 and a 1-year high of $130.14. The firm's 50-day moving average is $97.73 and its 200-day moving average is $108.61. The stock has a market cap of $17.14 billion, a P/E ratio of 55.01, a P/E/G ratio of 3.93 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released 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%. Equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $1.32 dividend. 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 5.33%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently 293.33%.

Alexandria Real Estate Equities declared that its Board of Directors has authorized a share buyback plan on Monday, December 9th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to reacquire up to 2.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

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.