Alexandria Real Estate Equities, Inc. (NYSE:ARE) Stake Lessened by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd reduced its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 8.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 486,185 shares of the real estate investment trust's stock after selling 46,905 shares during the period. UniSuper Management Pty Ltd owned approximately 0.28% of Alexandria Real Estate Equities worth $47,427,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Fulton Bank N.A. raised its stake in Alexandria Real Estate Equities by 77.7% in 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 purchasing an additional 7,070 shares during the last quarter. Magnetar Financial LLC purchased a new position in shares of Alexandria Real Estate Equities during the 4th quarter worth $968,000. Hahn Capital Management LLC grew its holdings in Alexandria Real Estate Equities by 50.4% in the 4th quarter. Hahn Capital Management LLC now owns 68,370 shares of the real estate investment trust's stock valued at $6,669,000 after buying an additional 22,926 shares during the period. CCLA Investment Management increased its stake in shares of Alexandria Real Estate Equities by 4.0% during the 4th 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. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Alexandria Real Estate Equities by 5.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,541 shares of the real estate investment trust's stock worth $88,140,000 after acquiring an additional 42,825 shares during the period. 96.54% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wedbush reissued 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. StockNews.com downgraded Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a report on Monday, March 17th. JMP Securities reiterated a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Royal Bank of Canada dropped their price objective on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating for the company in a research report on Tuesday, December 17th. Finally, Jefferies Financial Group initiated coverage on Alexandria Real Estate Equities in a research note on Monday, March 17th. They set a "hold" rating and a $100.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $118.60.

Alexandria Real Estate Equities Stock Performance

ARE stock traded down $1.90 during trading on Monday, hitting $92.39. 481,404 shares of the company's stock traded hands, compared to its average volume of 1,081,336. The stock has a market capitalization of $15.99 billion, a price-to-earnings ratio of 51.26, a price-to-earnings-growth ratio of 3.93 and a beta of 1.17. Alexandria Real Estate Equities, Inc. has a 52 week low of $92.19 and a 52 week high of $130.14. The stock has a fifty day moving average price of $98.01 and a two-hundred day moving average price of $105.61. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55.

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 for the quarter, topping analysts' consensus estimates 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, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS 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 given a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 5.72%. The ex-dividend date of this dividend is Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio (DPR) is 293.33%.

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

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.