Candriam S.C.A. Raises Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Candriam S.C.A. lifted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,592 shares of the real estate investment trust’s stock after buying an additional 395 shares during the quarter. Candriam S.C.A.’s holdings in Alexandria Real Estate Equities were worth $2,106,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Callan Capital LLC raised its stake in shares of 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 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 worth $690,000 after buying an additional 118 shares during the last quarter. M&T Bank Corp raised its stake in Alexandria Real Estate Equities by 0.7% in the 4th quarter. M&T Bank Corp now owns 19,478 shares of the real estate investment trust’s stock valued at $1,901,000 after purchasing an additional 127 shares during the last quarter. Venturi Wealth Management LLC raised its stake in Alexandria Real Estate Equities by 144.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 180 shares during the last quarter. Finally, Private Trust Co. NA raised its stake in Alexandria Real Estate Equities by 30.2% in the 4th quarter. Private Trust Co. NA now owns 776 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 180 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Wall Street Analysts Forecast Growth

ARE has been the subject of a number of research analyst reports. 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 note on Tuesday, December 17th. StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Friday, February 28th. JPMorgan Chase & Co. cut Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $133.00 to $121.00 in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their target price for the stock from $135.00 to $112.00 in a report on Friday, November 15th. Finally, Wedbush reiterated a “neutral” rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Alexandria Real Estate Equities has a consensus rating of “Hold” and an average price target of $121.30.

Alexandria Real Estate Equities Stock Up 2.7 %

NYSE ARE opened at $102.50 on Monday. The stock has a market cap of $17.74 billion, a PE ratio of 56.95, a P/E/G ratio of 3.93 and a beta of 1.17. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $93.25 and a fifty-two week high of $130.14. The business has a 50 day moving average price of $98.11 and a two-hundred day moving average price of $107.87. 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) 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%. As a group, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

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

Alexandria Real Estate Equities declared that its board has approved a stock buyback plan on Monday, December 9th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the real estate investment trust to repurchase up to 2.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management 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.