Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,021,083 shares of the real estate investment trust’s stock after selling 78,290 shares during the quarter. Vanguard Group Inc. owned about 0.15% of Alexandria Real Estate Equities worth $2,538,357,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. 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 during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Alexandria Real Estate Equities by 0.6% in 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 acquiring an additional 15,285 shares during the period. PGGM Investments increased its stake in Alexandria Real Estate Equities by 3,602.0% in the 4th quarter. PGGM Investments now owns 958,857 shares of the real estate investment trust’s stock valued at $93,537,000 after purchasing an additional 932,956 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Alexandria Real Estate Equities by 5.0% during 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 last quarter. Finally, Amundi boosted its position in Alexandria Real Estate Equities by 8.8% during the fourth quarter. Amundi now owns 876,650 shares of the real estate investment trust’s stock worth $85,417,000 after purchasing an additional 70,553 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analysts Set New Price Targets

ARE has been the subject of several research reports. JPMorgan Chase & Co. downgraded Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. Wedbush restated a “neutral” rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Jefferies Financial Group assumed coverage on shares of Alexandria Real Estate Equities in a research note on Monday, March 17th. They set a “hold” rating and a $100.00 price objective for the company. JMP Securities reaffirmed a “market outperform” rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Finally, StockNews.com downgraded Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $118.60.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock opened at $95.95 on Wednesday. The stock has a fifty day moving average price of $98.27 and a 200 day moving average price of $106.11. Alexandria Real Estate Equities, Inc. has a 52 week low of $93.25 and a 52 week high of $130.14. The firm has a market capitalization of $16.61 billion, a P/E ratio of 53.31, a PEG 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.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, beating analysts’ consensus estimates 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%. Equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities declared that its Board of Directors has authorized a share buyback plan on Monday, December 9th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to reacquire up to 2.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Monday, March 31st. This represents a $5.28 annualized dividend and a dividend yield of 5.50%. Alexandria Real Estate Equities’s dividend payout ratio is presently 293.33%.

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.