Banque Pictet & Cie SA Has $6.22 Million Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Banque Pictet & Cie SA boosted its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 2,377.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,780 shares of the real estate investment trust’s stock after purchasing an additional 61,206 shares during the quarter. Banque Pictet & Cie SA’s holdings in Alexandria Real Estate Equities were worth $6,222,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Core Alternative Capital lifted its position in shares of Alexandria Real Estate Equities by 6.6% in the 4th quarter. Core Alternative Capital now owns 29,164 shares of the real estate investment trust’s stock worth $2,845,000 after acquiring an additional 1,818 shares during the period. Savant Capital LLC bought a new stake in shares of Alexandria Real Estate Equities in the 4th quarter worth approximately $419,000. Thompson Investment Management Inc. lifted its position in shares of Alexandria Real Estate Equities by 3.0% in the 4th quarter. Thompson Investment Management Inc. now owns 31,630 shares of the real estate investment trust’s stock worth $3,086,000 after acquiring an additional 931 shares during the period. Empowered Funds LLC lifted its position in shares of Alexandria Real Estate Equities by 112.2% in the 4th quarter. Empowered Funds LLC now owns 6,159 shares of the real estate investment trust’s stock worth $601,000 after acquiring an additional 3,256 shares during the period. Finally, Apollon Wealth Management LLC lifted its position in shares of Alexandria Real Estate Equities by 29.9% in the 4th quarter. Apollon Wealth Management LLC now owns 3,317 shares of the real estate investment trust’s stock worth $324,000 after acquiring an additional 764 shares during the period. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Stock Down 1.0 %

NYSE ARE opened at $94.86 on Friday. The stock has a fifty day moving average of $98.88 and a 200-day moving average of $109.73. The stock has a market capitalization of $16.42 billion, a P/E ratio of 52.70, a price-to-earnings-growth ratio of 3.67 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 52 week low of $93.25 and a 52 week 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) last released its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, beating the consensus estimate 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%. On average, equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.34 EPS for the current year.

Alexandria Real Estate Equities announced that its Board of Directors has approved a share repurchase program 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 repurchase up to 2.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Alexandria Real Estate Equities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $1.32 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.57%. Alexandria Real Estate Equities’s payout ratio is 293.33%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ARE. StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their target price for the stock from $135.00 to $112.00 in a research report on Friday, November 15th. Robert W. Baird cut their target price on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. JPMorgan Chase & Co. downgraded 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. Finally, Evercore ISI cut their target price on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a research report on Wednesday, October 23rd. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $121.30.

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.