Intech Investment Management LLC Acquires New Shares in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Intech Investment Management LLC purchased a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,691 shares of the real estate investment trust's stock, valued at approximately $360,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Generali Asset Management SPA SGR bought a new stake in Alexandria Real Estate Equities during the 4th quarter valued at approximately $217,000. Thrivent Financial for Lutherans raised its position in shares of Alexandria Real Estate Equities by 1.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 619,715 shares of the real estate investment trust's stock valued at $60,453,000 after buying an additional 10,158 shares during the last quarter. Cibc World Markets Corp lifted its holdings in shares of Alexandria Real Estate Equities by 12.0% in the fourth quarter. Cibc World Markets Corp now owns 69,861 shares of the real estate investment trust's stock worth $6,815,000 after buying an additional 7,465 shares in the last quarter. Arbor Capital Management Inc. ADV boosted its position in shares of Alexandria Real Estate Equities by 12.3% during 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 last quarter. Finally, Nicholas Company Inc. purchased a new position in Alexandria Real Estate Equities during the fourth quarter valued at $3,996,000. 96.54% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

ARE has been the topic of several research analyst reports. Royal Bank of Canada decreased their price target on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating on the stock in a research note on Tuesday, December 17th. JMP Securities reissued a "market outperform" rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. StockNews.com cut Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a report on Monday, March 17th. Wedbush reiterated a "neutral" rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Finally, Jefferies Financial Group assumed coverage on shares of Alexandria Real Estate Equities in a research report on Monday, March 17th. They issued a "hold" rating and a $100.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $118.60.

Alexandria Real Estate Equities Trading Down 0.1 %

NYSE ARE traded down $0.13 during trading on Friday, hitting $95.58. The stock had a trading volume of 887,436 shares, compared to its average volume of 1,083,312. Alexandria Real Estate Equities, Inc. has a one year low of $93.25 and a one year high of $130.14. The stock has a 50 day simple moving average of $98.01 and a 200 day simple moving average of $105.71. The stock has a market capitalization of $16.54 billion, a price-to-earnings ratio of 53.10, a P/E/G ratio of 3.93 and a beta of 1.17. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21.

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 earnings per share (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%. Sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 5.52%. The ex-dividend date of this dividend is Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio is presently 293.33%.

Alexandria Real Estate Equities declared that its Board of Directors has approved a share buyback program on Monday, December 9th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 2.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors 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.