Nuance Investments LLC Invests $6.89 Million in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Nuance Investments LLC bought a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 70,592 shares of the real estate investment trust's stock, valued at approximately $6,886,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its stake in Alexandria Real Estate Equities by 9.8% in the third quarter. Empowered Funds LLC now owns 2,903 shares of the real estate investment trust's stock worth $345,000 after buying an additional 259 shares in the last quarter. Raymond James Trust N.A. purchased a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter valued at $563,000. Cerity Partners LLC grew its holdings in shares of Alexandria Real Estate Equities by 64.1% during the 3rd quarter. Cerity Partners LLC now owns 54,343 shares of the real estate investment trust's stock valued at $6,453,000 after purchasing an additional 21,237 shares during the last quarter. Loomis Sayles & Co. L P raised its position in Alexandria Real Estate Equities by 3,129.4% in the 3rd 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 during the period. Finally, Private Trust Co. NA boosted its stake in shares of Alexandria Real Estate Equities by 113.6% during the third quarter. Private Trust Co. NA now owns 596 shares of the real estate investment trust's stock valued at $71,000 after purchasing an additional 317 shares during the period. Institutional investors own 96.54% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ARE shares. Wedbush reiterated a "neutral" rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. 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. 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 objective on the stock. JMP Securities reiterated a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of "Hold" and a consensus price target of $118.60.

Alexandria Real Estate Equities Stock Down 0.1 %

Shares of NYSE ARE traded down $0.13 during trading on Friday, reaching $95.58. The company had a trading volume of 887,436 shares, compared to its average volume of 1,083,312. Alexandria Real Estate Equities, Inc. has a 12-month low of $93.25 and a 12-month high of $130.14. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The business's 50-day moving average is $98.01 and its 200 day moving average is $105.71. The stock has a market cap of $16.54 billion, a PE ratio of 53.10, 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 quarterly earnings results 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 net margin of 10.36% and a return on equity of 1.43%. As a group, equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 5.52%. The ex-dividend date of this dividend is Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently 293.33%.

Alexandria Real Estate Equities announced that its Board of Directors has approved a stock 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 repurchase up to 2.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

Alexandria Real Estate Equities 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.