OVERSEA CHINESE BANKING Corp Ltd Sells 12,599 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

OVERSEA CHINESE BANKING Corp Ltd lowered its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 45.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,052 shares of the real estate investment trust's stock after selling 12,599 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Alexandria Real Estate Equities were worth $1,468,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC purchased a new position in shares of Alexandria Real Estate Equities in the fourth quarter worth about $29,000. EverSource Wealth Advisors LLC grew its position in Alexandria Real Estate Equities by 57.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 109 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Alexandria Real Estate Equities in the 3rd quarter worth approximately $43,000. Spire Wealth Management lifted its position in Alexandria Real Estate Equities by 72.5% in the fourth 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 during the last quarter. Finally, Loomis Sayles & Co. L P boosted its stake in shares of Alexandria Real Estate Equities by 3,129.4% during the third quarter. Loomis Sayles & Co. L P now owns 549 shares of the real estate investment trust's stock valued at $65,000 after purchasing an additional 532 shares during the period. Hedge funds and other institutional investors own 96.54% of the company's stock.

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Analyst Ratings Changes

Several research analysts recently commented on ARE shares. 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. 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. JMP Securities reissued a "market outperform" rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $133.00 to $121.00 in a research report on Wednesday, November 27th. Finally, Jefferies Financial Group initiated coverage on Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a "hold" rating and a $100.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of "Hold" and an average target price of $118.60.

Alexandria Real Estate Equities Stock Up 1.4 %

Alexandria Real Estate Equities stock traded up $1.31 on Monday, hitting $97.58. 856,253 shares of the stock traded hands, compared to its average volume of 1,042,136. Alexandria Real Estate Equities, Inc. has a 1 year low of $93.25 and a 1 year high of $130.14. The firm has a market cap of $16.89 billion, a P/E ratio of 54.21, a price-to-earnings-growth ratio of 3.93 and a beta of 1.17. 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 business's fifty day simple moving average is $98.31 and its 200 day simple moving average is $106.39.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings results 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, sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities announced that its board has approved a stock buyback program 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 repurchase up to 2.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

Alexandria Real Estate Equities Announces Dividend

The business also recently declared 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. The ex-dividend date is Monday, March 31st. This represents a $5.28 annualized dividend and a dividend yield of 5.41%. Alexandria Real Estate Equities's payout ratio is currently 293.33%.

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.