Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. cut its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 48.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,810 shares of the real estate investment trust's stock after selling 10,980 shares during the period. Meiji Yasuda Asset Management Co Ltd.'s holdings in Alexandria Real Estate Equities were worth $1,152,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Cerity Partners LLC increased its position in shares of Alexandria Real Estate Equities by 64.1% during the third quarter. Cerity Partners LLC now owns 54,343 shares of the real estate investment trust's stock worth $6,453,000 after acquiring an additional 21,237 shares during the period. Loomis Sayles & Co. L P grew its stake in Alexandria Real Estate Equities by 3,129.4% in the third quarter. Loomis Sayles & Co. L P now owns 549 shares of the real estate investment trust's stock worth $65,000 after purchasing an additional 532 shares in the last quarter. Private Trust Co. NA grew its stake in Alexandria Real Estate Equities by 113.6% in the third quarter. Private Trust Co. NA now owns 596 shares of the real estate investment trust's stock worth $71,000 after purchasing an additional 317 shares in the last quarter. Bank of Montreal Can increased its holdings in Alexandria Real Estate Equities by 15.5% during the 3rd quarter. Bank of Montreal Can now owns 361,412 shares of the real estate investment trust's stock worth $43,738,000 after purchasing an additional 48,622 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in Alexandria Real Estate Equities by 0.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 121,648 shares of the real estate investment trust's stock valued at $14,446,000 after purchasing an additional 948 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

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Alexandria Real Estate Equities Stock Down 3.2 %

Shares of ARE stock traded down $3.10 during trading hours on Monday, reaching $92.50. 2,126,696 shares of the company's stock were exchanged, compared to its average volume of 1,087,469. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $91.15 and a fifty-two week high of $130.14. The stock's 50 day moving average is $97.82 and its 200-day moving average is $105.40. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. The company has a market cap of $16.01 billion, a price-to-earnings ratio of 51.39, a P/E/G ratio of 3.93 and a beta of 1.17.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, beating 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%. Analysts predict 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 stock buyback program on Monday, December 9th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the real estate investment trust to purchase up to 2.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 293.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada dropped their price target on Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating on the stock in a research report on Tuesday, December 17th. Jefferies Financial Group assumed coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They set a "hold" rating and a $100.00 target price on the stock. JMP Securities restated a "market outperform" rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. StockNews.com downgraded shares of Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research note on Monday, March 17th. Finally, Wedbush reissued a "neutral" rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Alexandria Real Estate Equities presently has a consensus rating of "Hold" and an average price target of $118.60.

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.