Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Bought by Vestcor Inc

Vestcor Inc increased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 41.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,871 shares of the real estate investment trust’s stock after buying an additional 11,934 shares during the quarter. Vestcor Inc’s holdings in Alexandria Real Estate Equities were worth $3,987,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Alexandria Real Estate Equities by 57.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 109 shares during the period. Callan Capital LLC raised its position in shares of Alexandria Real Estate Equities by 1.3% during the fourth quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust’s stock worth $873,000 after purchasing an additional 111 shares during the period. Capital Square LLC raised its position in shares of Alexandria Real Estate Equities by 2.1% during the third quarter. Capital Square LLC now owns 5,811 shares of the real estate investment trust’s stock worth $690,000 after purchasing an additional 118 shares during the period. M&T Bank Corp raised its position in shares of Alexandria Real Estate Equities by 0.7% during the fourth quarter. M&T Bank Corp now owns 19,478 shares of the real estate investment trust’s stock worth $1,901,000 after purchasing an additional 127 shares during the period. Finally, Venturi Wealth Management LLC raised its position in shares of Alexandria Real Estate Equities by 144.0% during the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 180 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ARE shares. Royal Bank of Canada cut 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 research report on Tuesday, December 17th. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price target for the company from $135.00 to $112.00 in a research report on Friday, November 15th. JMP Securities reissued a “market outperform” rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $121.30.

Alexandria Real Estate Equities Trading Down 2.0 %

ARE stock opened at $96.59 on Friday. The business has a fifty day moving average price of $98.23 and a 200 day moving average price of $107.46. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $93.25 and a fifty-two week high of $130.14. The stock has a market capitalization of $16.72 billion, a price-to-earnings ratio of 53.66, a P/E/G 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.

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

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.32 per share. The ex-dividend date is Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.47%. Alexandria Real Estate Equities’s payout ratio is currently 293.33%.

Alexandria Real Estate Equities announced that its board has authorized a share repurchase program on Monday, December 9th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire up to 2.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.