National Pension Service Has $22.43 Million Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

National Pension Service lessened its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 229,899 shares of the real estate investment trust's stock after selling 15,221 shares during the quarter. National Pension Service owned about 0.13% of Alexandria Real Estate Equities worth $22,427,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Fulton Bank N.A. lifted its holdings in Alexandria Real Estate Equities by 77.7% in the fourth quarter. Fulton Bank N.A. now owns 16,165 shares of the real estate investment trust's stock valued at $1,577,000 after buying an additional 7,070 shares during the period. CCLA Investment Management lifted its stake in Alexandria Real Estate Equities by 4.0% in the fourth 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. Sumitomo Mitsui Trust Group Inc. lifted its stake in Alexandria Real Estate Equities by 5.0% in the fourth 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. CIBC Asset Management Inc raised its position in shares of Alexandria Real Estate Equities by 67.3% in the 3rd quarter. CIBC Asset Management Inc now owns 37,276 shares of the real estate investment trust's stock valued at $4,427,000 after acquiring an additional 14,992 shares during the period. Finally, Vert Asset Management LLC raised its position in shares of Alexandria Real Estate Equities by 13.8% in the 4th quarter. Vert Asset Management LLC now owns 69,445 shares of the real estate investment trust's stock valued at $6,774,000 after acquiring an additional 8,435 shares during the period. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Down 0.9 %

Alexandria Real Estate Equities stock traded down $0.87 during midday trading on Monday, reaching $101.39. The stock had a trading volume of 1,177,069 shares, compared to its average volume of 1,350,679. The firm's fifty day simple moving average is $97.94 and its 200-day simple moving average is $108.26. Alexandria Real Estate Equities, Inc. has a 1-year low of $93.25 and a 1-year high of $130.14. The stock has a market capitalization of $17.55 billion, a P/E ratio of 56.33, a price-to-earnings-growth ratio of 3.93 and a beta of 1.16. 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 posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) 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%. As a group, analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 5.21%. Alexandria Real Estate Equities's payout ratio is currently 293.33%.

Alexandria Real Estate Equities announced that its board has initiated a share repurchase plan 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 buy up to 2.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms have weighed in on ARE. StockNews.com upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Friday. Wedbush reaffirmed a "neutral" rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Robert W. Baird dropped their price objective on Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating on the stock in a research note on Friday, November 8th. JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $133.00 to $121.00 in a research report on Wednesday, November 27th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $130.00 price target 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 issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price 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.