Los Angeles Capital Management LLC Cuts Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Los Angeles Capital Management LLC decreased its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 31.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,250 shares of the real estate investment trust's stock after selling 39,483 shares during the period. Los Angeles Capital Management LLC owned approximately 0.05% of Alexandria Real Estate Equities worth $8,511,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. National Bank of Canada FI grew its stake in shares of Alexandria Real Estate Equities by 350.0% in the third quarter. National Bank of Canada FI now owns 341,357 shares of the real estate investment trust's stock worth $40,536,000 after acquiring an additional 265,508 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Alexandria Real Estate Equities by 114.9% in the third quarter. BNP Paribas Financial Markets now owns 435,416 shares of the real estate investment trust's stock worth $51,706,000 after purchasing an additional 232,817 shares in the last quarter. KBC Group NV grew its stake in Alexandria Real Estate Equities by 315.9% during the third quarter. KBC Group NV now owns 169,350 shares of the real estate investment trust's stock valued at $20,110,000 after acquiring an additional 128,634 shares in the last quarter. Castle Hook Partners LP purchased a new position in Alexandria Real Estate Equities during the third quarter valued at $14,319,000. Finally, State Street Corp increased its stake in Alexandria Real Estate Equities by 1.1% in the 3rd quarter. State Street Corp now owns 10,585,038 shares of the real estate investment trust's stock worth $1,270,634,000 after buying an additional 112,864 shares during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Trading Up 1.5 %

ARE stock traded up $1.54 during trading on Friday, reaching $102.48. The company had a trading volume of 1,910,237 shares, compared to its average volume of 1,355,131. Alexandria Real Estate Equities, Inc. has a 52 week low of $93.25 and a 52 week high of $130.14. The business has a 50 day moving average of $97.89 and a 200 day moving average of $108.39. The company has a market cap of $17.74 billion, a P/E ratio of 56.93, a PEG ratio of 3.93 and a beta of 1.16. 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 (NYSE:ARE - Get Free Report) last released its quarterly earnings data 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%. 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 declared that its board has initiated a share buyback 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 stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Alexandria Real Estate Equities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $1.32 per share. The ex-dividend date was Tuesday, December 31st. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.15%. This is a boost from Alexandria Real Estate Equities's previous quarterly dividend of $1.30. Alexandria Real Estate Equities's dividend payout ratio is presently 293.33%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ARE shares. Deutsche Bank Aktiengesellschaft cut shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and decreased their target price for the company from $135.00 to $112.00 in a research note on Friday, November 15th. 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. Robert W. Baird lowered their target price on shares of 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. StockNews.com raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Friday. Finally, Wedbush reiterated 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. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $121.30.

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.