Swedbank AB Sells 5,580 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Swedbank AB lowered its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 5.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 100,028 shares of the real estate investment trust’s stock after selling 5,580 shares during the quarter. Swedbank AB owned about 0.06% of Alexandria Real Estate Equities worth $9,758,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ARE. Sei Investments Co. raised its holdings in Alexandria Real Estate Equities by 4.3% in the 2nd quarter. Sei Investments Co. now owns 14,095 shares of the real estate investment trust’s stock valued at $1,649,000 after acquiring an additional 581 shares in the last quarter. AQR Capital Management LLC raised its stake in Alexandria Real Estate Equities by 160.5% in the second quarter. AQR Capital Management LLC now owns 40,663 shares of the real estate investment trust’s stock valued at $4,703,000 after purchasing an additional 25,056 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Alexandria Real Estate Equities by 10.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,193 shares of the real estate investment trust’s stock worth $374,000 after purchasing an additional 294 shares during the period. Truist Financial Corp grew its stake in Alexandria Real Estate Equities by 7.5% during the second quarter. Truist Financial Corp now owns 41,871 shares of the real estate investment trust’s stock worth $4,898,000 after buying an additional 2,904 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Alexandria Real Estate Equities in the 2nd quarter valued at about $1,647,000. Institutional investors own 96.54% of the company’s stock.

Wall Street Analysts Forecast Growth

ARE has been the topic of several analyst reports. 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. JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $133.00 to $121.00 in a research note on Wednesday, November 27th. Evercore ISI dropped their price objective on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a research report on Wednesday, October 23rd. Robert W. Baird lowered their target price on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Finally, Wedbush restated a “neutral” rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday. One investment 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 data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $121.30.

Alexandria Real Estate Equities Stock Up 1.9 %

Shares of NYSE:ARE opened at $97.70 on Friday. The firm has a market cap of $17.07 billion, a P/E ratio of 54.28, a P/E/G ratio of 3.64 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 12-month low of $94.35 and a 12-month high of $130.14. The business has a fifty day simple moving average of $101.34 and a 200 day simple moving average of $111.44. The company has a quick ratio of 0.20, a current ratio of 0.21 and a debt-to-equity ratio of 0.55.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (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%. Analysts predict that Alexandria Real Estate Equities, Inc. will post 9.34 earnings per share for the current year.

Alexandria Real Estate Equities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $1.32 dividend. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $5.28 annualized dividend and a yield of 5.40%. Alexandria Real Estate Equities’s payout ratio is presently 293.33%.

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

About Alexandria Real Estate Equities

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.