Quantbot Technologies LP Reduces Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Quantbot Technologies LP lowered its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 44.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 19,938 shares of the real estate investment trust's stock after selling 16,258 shares during the period. Quantbot Technologies LP's holdings in Alexandria Real Estate Equities were worth $1,945,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PGGM Investments increased its stake in 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 last quarter. Raymond James Financial Inc. bought a new stake in Alexandria Real Estate Equities during the fourth quarter worth $34,170,000. Analyst IMS Investment Management Services Ltd. boosted its position in Alexandria Real Estate Equities by 170.1% in the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 486,103 shares of the real estate investment trust's stock worth $47,419,000 after purchasing an additional 306,145 shares during the last quarter. National Bank of Canada FI grew its stake in Alexandria Real Estate Equities by 350.0% in the 3rd quarter. National Bank of Canada FI now owns 341,357 shares of the real estate investment trust's stock valued at $40,536,000 after purchasing an additional 265,508 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of Alexandria Real Estate Equities by 114.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 435,416 shares of the real estate investment trust's stock valued at $51,706,000 after purchasing an additional 232,817 shares during the last quarter. 96.54% of the stock is owned by institutional investors.

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Alexandria Real Estate Equities Price Performance

Alexandria Real Estate Equities stock traded down $0.39 during mid-day trading on Thursday, hitting $95.74. 902,689 shares of the company traded hands, compared to its average volume of 1,039,935. The stock has a fifty day moving average price of $98.22 and a 200-day moving average price of $106.04. The stock has a market cap of $16.57 billion, a price-to-earnings ratio of 53.19, a price-to-earnings-growth ratio of 3.93 and a beta of 1.17. Alexandria Real Estate Equities, Inc. has a one year low of $93.25 and a one year high of $130.14. 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, 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%. On average, equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced 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 5.51%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio is currently 293.33%.

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

Analyst Ratings Changes

ARE has been the topic of several research reports. Wedbush reaffirmed a "neutral" rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. StockNews.com downgraded Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research note on Monday, March 17th. Royal Bank of Canada lowered their target price 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. JMP Securities reissued 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. Finally, JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $133.00 to $121.00 in a research report on Wednesday, November 27th. One 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 MarketBeat.com, the company presently has an average rating of "Hold" and a consensus 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.