Royal London Asset Management Ltd. Buys 7,601 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Royal London Asset Management Ltd. lifted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 11.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,903 shares of the real estate investment trust's stock after buying an additional 7,601 shares during the period. Royal London Asset Management Ltd.'s holdings in Alexandria Real Estate Equities were worth $7,307,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Fulton Bank N.A. raised its stake in Alexandria Real Estate Equities by 77.7% during the 4th quarter. Fulton Bank N.A. now owns 16,165 shares of the real estate investment trust's stock valued at $1,577,000 after buying an additional 7,070 shares during the last quarter. Hahn Capital Management LLC grew its holdings in shares of Alexandria Real Estate Equities by 50.4% in the fourth quarter. Hahn Capital Management LLC now owns 68,370 shares of the real estate investment trust's stock worth $6,669,000 after acquiring an additional 22,926 shares during the period. CCLA Investment Management increased its position in Alexandria Real Estate Equities by 4.0% during the fourth quarter. CCLA Investment Management now owns 841,435 shares of the real estate investment trust's stock valued at $82,023,000 after acquiring an additional 32,367 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Alexandria Real Estate Equities by 5.0% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,541 shares of the real estate investment trust's stock valued at $88,140,000 after acquiring an additional 42,825 shares during the period. Finally, Vert Asset Management LLC lifted its holdings in Alexandria Real Estate Equities by 13.8% in the fourth quarter. Vert Asset Management LLC now owns 69,445 shares of the real estate investment trust's stock valued at $6,774,000 after acquiring an additional 8,435 shares during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.

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Alexandria Real Estate Equities Price Performance

ARE traded down $0.39 during trading on Thursday, reaching $95.74. 902,689 shares of the company traded hands, compared to its average volume of 1,039,935. The company has a market cap of $16.57 billion, a P/E ratio of 53.19, a PEG ratio of 3.93 and a beta of 1.17. 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, Inc. has a 12-month low of $93.25 and a 12-month high of $130.14. The firm has a fifty day simple moving average of $98.22 and a 200 day simple moving average of $106.04.

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, 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%. On average, equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities declared that its board has approved a share repurchase plan on Monday, December 9th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the real estate investment trust to purchase up to 2.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

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 paid a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 5.51%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities's payout ratio is presently 293.33%.

Wall Street Analyst Weigh In

ARE has been the subject of several research reports. Jefferies Financial Group assumed coverage on shares of Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a "hold" rating and a $100.00 price target for the company. Wedbush restated a "neutral" rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Royal Bank of Canada decreased their price target on shares of 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. JMP Securities reissued a "market outperform" rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Finally, StockNews.com lowered Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research note on Monday, March 17th. One research 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, the company has an average rating of "Hold" and a consensus price target 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.