Nomura Asset Management Co. Ltd. Buys 9,199 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Nomura Asset Management Co. Ltd. boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 251,455 shares of the real estate investment trust's stock after acquiring an additional 9,199 shares during the period. Nomura Asset Management Co. Ltd. owned 0.15% of Alexandria Real Estate Equities worth $24,529,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of ARE. Proficio Capital Partners LLC bought a new position in shares of Alexandria Real Estate Equities during the 4th quarter valued at approximately $29,000. EverSource Wealth Advisors LLC boosted its position in Alexandria Real Estate Equities by 57.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 109 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Alexandria Real Estate Equities in the third quarter valued at approximately $43,000. Spire Wealth Management raised its position in Alexandria Real Estate Equities by 72.5% during the 4th quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock valued at $58,000 after purchasing an additional 250 shares in the last quarter. Finally, Private Trust Co. NA lifted 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 acquiring an additional 317 shares during the period. Hedge funds and other institutional investors own 96.54% of the company's stock.

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Alexandria Real Estate Equities Trading Down 4.8 %

Shares of ARE stock traded down $4.46 during mid-day trading on Thursday, hitting $87.87. 366,516 shares of the company's stock were exchanged, compared to its average volume of 1,091,004. The stock has a 50-day simple moving average of $97.42 and a two-hundred day simple moving average of $105.08. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $87.14 and a fifty-two week high of $130.14. The stock has a market cap of $15.21 billion, a price-to-earnings ratio of 48.82, a PEG ratio of 3.93 and a beta of 1.24. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55.

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 the consensus estimate 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%. Equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities announced that its board has authorized a stock repurchase 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 repurchase up to 2.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $1.32 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.01%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 293.33%.

Analyst Ratings Changes

ARE has been the topic of a number of recent analyst reports. Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a "hold" rating and a $100.00 price target on the stock. JMP Securities reaffirmed a "market outperform" rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. StockNews.com lowered shares of Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a report on Monday, March 17th. Wedbush reissued a "neutral" rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, Royal Bank of Canada lowered 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 note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $118.60.

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.