Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by DnB Asset Management AS

DnB Asset Management AS cut its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 16.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,906 shares of the real estate investment trust’s stock after selling 15,798 shares during the quarter. DnB Asset Management AS’s holdings in Alexandria Real Estate Equities were worth $7,990,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Proficio Capital Partners LLC acquired a new stake in Alexandria Real Estate Equities during the fourth quarter worth about $29,000. EverSource Wealth Advisors LLC grew its stake in shares of Alexandria Real Estate Equities by 57.7% in the 4th 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. Wilmington Savings Fund Society FSB acquired a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter worth approximately $43,000. Spire Wealth Management increased its holdings in shares of Alexandria Real Estate Equities by 72.5% during the 4th quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 250 shares during the last quarter. Finally, Private Trust Co. NA raised its position in shares of Alexandria Real Estate Equities by 113.6% during the 3rd quarter. Private Trust Co. NA now owns 596 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 317 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. StockNews.com cut Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Monday, March 17th. Royal Bank of Canada cut their price objective on Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a research report on Tuesday, December 17th. Jefferies Financial Group assumed coverage on shares of Alexandria Real Estate Equities in a research report on Monday, March 17th. They issued a “hold” rating and a $100.00 target price on the stock. JMP Securities reiterated 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 reissued a “neutral” rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $118.60.

Alexandria Real Estate Equities Trading Down 0.1 %

NYSE:ARE opened at $95.58 on Friday. The stock has a fifty day moving average price of $98.01 and a 200 day moving average price of $105.71. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a 12-month low of $93.25 and a 12-month high of $130.14. The firm has a market cap of $16.54 billion, a PE ratio of 53.10, a price-to-earnings-growth ratio of 3.93 and a beta of 1.17.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, topping 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%. Sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.32 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.52%. Alexandria Real Estate Equities’s payout ratio is 293.33%.

Alexandria Real Estate Equities declared that its Board of Directors has approved 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 buy up to 2.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management 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.