Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Bought by Zions Bancorporation N.A.

Zions Bancorporation N.A. boosted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 67.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,530 shares of the real estate investment trust's stock after acquiring an additional 20,276 shares during the quarter. Zions Bancorporation N.A.'s holdings in Alexandria Real Estate Equities were worth $4,929,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its holdings in shares of Alexandria Real Estate Equities by 57.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 109 shares during the last quarter. Callan Capital LLC grew its stake in Alexandria Real Estate Equities by 1.3% during the 4th quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust's stock worth $873,000 after buying an additional 111 shares during the last quarter. Capital Square LLC increased its position in 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 buying an additional 118 shares in the last quarter. M&T Bank Corp raised its stake in Alexandria Real Estate Equities by 0.7% in the fourth quarter. M&T Bank Corp now owns 19,478 shares of the real estate investment trust's stock valued at $1,901,000 after buying an additional 127 shares during the last quarter. Finally, Garland Capital Management Inc. boosted its holdings in Alexandria Real Estate Equities by 0.6% in the fourth quarter. Garland Capital Management Inc. now owns 29,580 shares of the real estate investment trust's stock worth $2,886,000 after acquiring an additional 175 shares in the last quarter. Institutional investors own 96.54% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ARE shares. Royal Bank of Canada reduced their target price on Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating for the company in a research note on Tuesday, December 17th. Jefferies Financial Group began 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 reaffirmed a "neutral" rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. JMP Securities reissued a "market outperform" rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, StockNews.com lowered shares of Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research report on Monday, March 17th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $118.60.

Alexandria Real Estate Equities Stock Down 0.1 %

Shares of ARE traded down $0.13 during midday trading on Friday, reaching $95.58. The stock had a trading volume of 887,436 shares, compared to its average volume of 1,083,312. The company has a market cap of $16.54 billion, a price-to-earnings ratio of 53.10, a PEG ratio of 3.93 and a beta of 1.17. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The company's fifty day simple moving average is $98.01 and its two-hundred day simple moving average is $105.71. Alexandria Real Estate Equities, Inc. has a 1-year low of $93.25 and a 1-year high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 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%. Equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 dividend yield of 5.52%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio is presently 293.33%.

Alexandria Real Estate Equities announced that its Board of Directors has initiated a stock buyback plan on Monday, December 9th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the real estate investment trust to purchase up to 2.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are 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.