M&T Bank Corp Has $1.90 Million Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

M&T Bank Corp lifted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,478 shares of the real estate investment trust’s stock after purchasing an additional 127 shares during the quarter. M&T Bank Corp’s holdings in Alexandria Real Estate Equities were worth $1,901,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARE. State Street Corp grew its position in Alexandria Real Estate Equities by 1.1% during the third quarter. State Street Corp now owns 10,585,038 shares of the real estate investment trust’s stock worth $1,270,634,000 after buying an additional 112,864 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Alexandria Real Estate Equities by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,466,187 shares of the real estate investment trust’s stock worth $240,577,000 after purchasing an additional 15,285 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of 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 worth $88,140,000 after purchasing an additional 42,825 shares during the period. CCLA Investment Management increased its position in shares of Alexandria Real Estate Equities by 4.0% in the fourth quarter. CCLA Investment Management now owns 841,435 shares of the real estate investment trust’s stock worth $82,023,000 after purchasing an additional 32,367 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in Alexandria Real Estate Equities by 17.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 554,863 shares of the real estate investment trust’s stock valued at $54,127,000 after purchasing an additional 82,223 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Price Performance

Alexandria Real Estate Equities stock opened at $102.50 on Monday. The company has a market capitalization of $17.74 billion, a PE ratio of 56.95, a P/E/G ratio of 3.93 and a beta of 1.17. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. The stock has a 50-day moving average price of $98.11 and a two-hundred day moving average price of $107.87. Alexandria Real Estate Equities, Inc. has a 12 month low of $93.25 and a 12 month high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, topping the consensus estimate 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%. Analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 5.15%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio is currently 293.33%.

Alexandria Real Estate Equities declared that its Board of Directors has initiated a share buyback 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 purchase up to 2.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

ARE has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $133.00 to $121.00 in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their price objective for the company from $135.00 to $112.00 in a research note on Friday, November 15th. JMP Securities restated 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. 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 on the stock in a report on Tuesday, December 17th. Finally, Wedbush reissued a “neutral” rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $121.30.

About Alexandria Real Estate Equities

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.