Sarasin & Partners LLP Decreases Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Sarasin & Partners LLP cut its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,711 shares of the real estate investment trust's stock after selling 2,545 shares during the period. Sarasin & Partners LLP's holdings in Alexandria Real Estate Equities were worth $4,166,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Presima Securities ULC lifted its position in shares of Alexandria Real Estate Equities by 0.9% during the third quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust's stock worth $1,392,000 after acquiring an additional 100 shares in the last quarter. Capital Square LLC raised its stake in shares of Alexandria Real Estate Equities by 2.1% during the 3rd quarter. Capital Square LLC now owns 5,811 shares of the real estate investment trust's stock valued at $690,000 after purchasing an additional 118 shares during the period. Private Advisor Group LLC lifted its holdings in Alexandria Real Estate Equities by 5.1% during the 3rd quarter. Private Advisor Group LLC now owns 2,651 shares of the real estate investment trust's stock worth $315,000 after purchasing an additional 129 shares in the last quarter. Cascade Investment Advisors Inc. boosted its stake in Alexandria Real Estate Equities by 1.3% in the 3rd quarter. Cascade Investment Advisors Inc. now owns 10,075 shares of the real estate investment trust's stock worth $1,196,000 after purchasing an additional 130 shares during the period. Finally, NBC Securities Inc. grew its holdings in Alexandria Real Estate Equities by 9.7% during the 3rd quarter. NBC Securities Inc. now owns 1,475 shares of the real estate investment trust's stock valued at $175,000 after buying an additional 130 shares in the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Price Performance

Shares of Alexandria Real Estate Equities stock traded up $1.78 during trading on Monday, hitting $101.87. 1,085,197 shares of the stock traded hands, compared to its average volume of 1,285,225. The firm's fifty day moving average is $102.84 and its 200-day moving average is $112.77. The stock has a market cap of $17.80 billion, a price-to-earnings ratio of 62.11, a PEG ratio of 3.64 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 52 week low of $94.35 and a 52 week high of $130.14. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing analysts' consensus estimates of $2.38 by ($1.42). Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The business had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. During the same quarter in the previous year, the firm posted $2.26 earnings per share. The company's revenue was up 10.9% compared to the same quarter last year. Research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities declared 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 buy up to 2.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Alexandria Real Estate Equities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $1.32 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from Alexandria Real Estate Equities's previous quarterly dividend of $1.30. This represents a $5.28 annualized dividend and a yield of 5.18%. Alexandria Real Estate Equities's payout ratio is currently 321.95%.

Analyst Upgrades and Downgrades

ARE has been the topic of several recent analyst reports. BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a "hold" rating in a research note on Wednesday, September 25th. Royal Bank of Canada lowered 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 research report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft cut Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and reduced their target price for the stock from $135.00 to $112.00 in a research report on Friday, November 15th. JPMorgan Chase & Co. cut 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 report on Wednesday, November 27th. Finally, Evercore ISI cut their price objective on Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating for the company in a report on Wednesday, October 23rd. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of "Hold" and a consensus target price of $121.90.

Alexandria Real Estate Equities Company 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.