Mitsubishi UFJ Trust & Banking Corp Lowers Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 37.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 70,819 shares of the real estate investment trust's stock after selling 43,051 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Alexandria Real Estate Equities were worth $6,908,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Fulton Bank N.A. boosted its stake in Alexandria Real Estate Equities by 77.7% during the fourth quarter. Fulton Bank N.A. now owns 16,165 shares of the real estate investment trust's stock worth $1,577,000 after acquiring an additional 7,070 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of Alexandria Real Estate Equities during the fourth quarter valued at about $968,000. Hahn Capital Management LLC boosted its position in shares of Alexandria Real Estate Equities by 50.4% during the 4th quarter. Hahn Capital Management LLC now owns 68,370 shares of the real estate investment trust's stock worth $6,669,000 after purchasing an additional 22,926 shares in the last quarter. CCLA Investment Management grew its stake in shares of Alexandria Real Estate Equities by 4.0% in the 4th quarter. CCLA Investment Management now owns 841,435 shares of the real estate investment trust's stock valued at $82,023,000 after buying an additional 32,367 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Alexandria Real Estate Equities by 5.0% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,541 shares of the real estate investment trust's stock valued at $88,140,000 after buying an additional 42,825 shares during the period. Institutional investors and hedge funds own 96.54% of the company's stock.

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Analysts Set New Price Targets

Several brokerages have issued reports on ARE. JMP Securities reiterated 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. Royal Bank of Canada cut their target price on 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. Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a research note on Monday, March 17th. They issued a "hold" rating and a $100.00 price objective on the stock. Wedbush restated a "neutral" rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, StockNews.com cut shares of Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research report on Monday, March 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $118.60.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE ARE traded down $1.41 during mid-day trading on Tuesday, reaching $91.10. 1,610,469 shares of the company's stock were exchanged, compared to its average volume of 1,091,430. The firm has a market capitalization of $15.77 billion, a price-to-earnings ratio of 50.61, a price-to-earnings-growth ratio of 3.93 and a beta of 1.17. The firm has a 50-day moving average price of $97.59 and a two-hundred day moving average price of $105.17. 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 52 week low of $90.08 and a 52 week high of $130.14.

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 earnings per share for the quarter, beating analysts' consensus estimates 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%. Analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.32 per share. The ex-dividend date is Monday, March 31st. This represents a $5.28 annualized dividend and a dividend yield of 5.80%. Alexandria Real Estate Equities's payout ratio is 293.33%.

Alexandria Real Estate Equities announced that its Board of Directors has initiated a share repurchase plan 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 reacquire up to 2.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is 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.