Pictet Asset Management Holding SA Decreases Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Pictet Asset Management Holding SA trimmed its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 4.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99,621 shares of the real estate investment trust's stock after selling 4,322 shares during the quarter. Pictet Asset Management Holding SA owned 0.06% of Alexandria Real Estate Equities worth $9,718,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ARE. Norges Bank purchased a new position in shares of Alexandria Real Estate Equities in the fourth quarter valued at approximately $1,605,426,000. State Street Corp grew its stake in shares of Alexandria Real Estate Equities by 1.1% in the third quarter. State Street Corp now owns 10,585,038 shares of the real estate investment trust's stock worth $1,270,634,000 after acquiring an additional 112,864 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Alexandria Real Estate Equities by 212.9% in the fourth quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust's stock valued at $806,337,000 after acquiring an additional 5,624,163 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Alexandria Real Estate Equities by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,466,187 shares of the real estate investment trust's stock worth $240,577,000 after purchasing an additional 15,285 shares during the period. Finally, PGGM Investments boosted its stake in shares of Alexandria Real Estate Equities by 3,602.0% in the 4th quarter. PGGM Investments now owns 958,857 shares of the real estate investment trust's stock valued at $93,537,000 after buying an additional 932,956 shares during the period. 96.54% of the stock is owned by institutional investors and hedge funds.

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Alexandria Real Estate Equities Stock Performance

NYSE ARE traded down $4.93 during trading on Friday, reaching $81.32. The company's stock had a trading volume of 2,673,680 shares, compared to its average volume of 1,106,485. Alexandria Real Estate Equities, Inc. has a twelve month low of $81.20 and a twelve month high of $130.14. The firm has a market cap of $14.08 billion, a price-to-earnings ratio of 45.18, a P/E/G ratio of 3.93 and a beta of 1.24. The business's fifty day moving average price is $96.73 and its 200-day moving average price is $104.65. 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 released its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, topping the consensus estimate of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. As a group, analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $1.32 dividend. The ex-dividend date is Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a yield of 6.49%. Alexandria Real Estate Equities's payout ratio is currently 293.33%.

Alexandria Real Estate Equities declared that its Board of Directors has initiated a share repurchase program on Monday, December 9th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the real estate investment trust to repurchase up to 2.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

ARE has been the subject of several analyst reports. StockNews.com upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday. JMP Securities restated a "market outperform" rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Royal Bank of Canada dropped their price objective 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 started coverage on Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a "hold" rating and a $100.00 price target for the company. Finally, Wedbush reissued a "neutral" rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $118.60.

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.