Bank Julius Baer & Co. Ltd Zurich Sells 1,661 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Bank Julius Baer & Co. Ltd Zurich lessened its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 71.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 680 shares of the real estate investment trust’s stock after selling 1,661 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Alexandria Real Estate Equities were worth $73,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Assetmark Inc. increased its holdings in Alexandria Real Estate Equities by 35.0% during the third quarter. Assetmark Inc. now owns 37,691 shares of the real estate investment trust’s stock valued at $4,476,000 after buying an additional 9,763 shares during the period. Atria Investments Inc increased its holdings in Alexandria Real Estate Equities by 33.2% during the third quarter. Atria Investments Inc now owns 30,262 shares of the real estate investment trust’s stock valued at $3,594,000 after buying an additional 7,551 shares during the period. Ashton Thomas Securities LLC purchased a new position in Alexandria Real Estate Equities during the third quarter valued at approximately $30,000. Venturi Wealth Management LLC increased its holdings in 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 valued at $36,000 after buying an additional 180 shares during the period. Finally, Apollon Wealth Management LLC increased its holdings in Alexandria Real Estate Equities by 29.9% during the third quarter. Apollon Wealth Management LLC now owns 2,553 shares of the real estate investment trust’s stock valued at $303,000 after buying an additional 587 shares during the period. Institutional investors own 96.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ARE. Wedbush reissued a “neutral” rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Friday, February 28th. JPMorgan Chase & Co. lowered shares of 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 report on Wednesday, November 27th. Royal Bank of Canada cut their price target on shares of 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, Deutsche Bank Aktiengesellschaft lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price target for the stock from $135.00 to $112.00 in a report on Friday, November 15th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Alexandria Real Estate Equities has an average rating of “Hold” and a consensus target price of $121.30.

Alexandria Real Estate Equities Price Performance

Shares of ARE opened at $99.32 on Wednesday. The firm has a market capitalization of $17.19 billion, a PE ratio of 55.18, a price-to-earnings-growth 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, Inc. has a 1-year low of $93.25 and a 1-year high of $130.14. The company’s fifty day moving average price is $98.23 and its 200-day moving average price is $107.60.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data 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 net margin of 10.36% and a return on equity of 1.43%. On average, equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm 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. The ex-dividend date is Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a yield of 5.32%. Alexandria Real Estate Equities’s dividend payout ratio is presently 293.33%.

Alexandria Real Estate Equities declared that its board has initiated a share repurchase 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 typically a sign that the company’s board of directors 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.