Stephens Inc. AR Lowers Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Stephens Inc. AR cut its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 13.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,667 shares of the real estate investment trust’s stock after selling 403 shares during the quarter. Stephens Inc. AR’s holdings in Alexandria Real Estate Equities were worth $260,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fulton Bank N.A. lifted its position in shares of Alexandria Real Estate Equities by 77.7% during the 4th quarter. Fulton Bank N.A. now owns 16,165 shares of the real estate investment trust’s stock worth $1,577,000 after buying an additional 7,070 shares in the last quarter. CCLA Investment Management lifted its holdings in Alexandria Real Estate Equities by 4.0% during the fourth quarter. CCLA Investment Management now owns 841,435 shares of the real estate investment trust’s stock worth $82,023,000 after acquiring an additional 32,367 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted 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 acquiring an additional 42,825 shares during the period. CIBC Asset Management Inc boosted its position in Alexandria Real Estate Equities by 67.3% in the third quarter. CIBC Asset Management Inc now owns 37,276 shares of the real estate investment trust’s stock worth $4,427,000 after purchasing an additional 14,992 shares during the last quarter. Finally, Pathway Financial Advisers LLC grew its stake in Alexandria Real Estate Equities by 11,449.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust’s stock valued at $169,056,000 after purchasing an additional 1,411,304 shares during the period. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE opened at $94.86 on Monday. The stock has a fifty day moving average of $98.70 and a 200-day moving average of $109.51. The stock has a market cap of $16.42 billion, a PE ratio of 52.70, a price-to-earnings-growth ratio of 3.67 and a beta of 1.16. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $93.25 and a fifty-two week high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, beating the consensus estimate 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%. Equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.34 earnings per share for the current year.

Alexandria Real Estate Equities declared that its board has authorized a stock repurchase program 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 buy up to 2.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Alexandria Real Estate Equities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $1.32 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. This represents a $5.28 annualized dividend and a yield of 5.57%. Alexandria Real Estate Equities’s dividend payout ratio is currently 293.33%.

Analysts Set New Price Targets

A number of research firms have recently commented on ARE. Evercore ISI lowered their target price on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 23rd. Royal Bank of Canada lowered their price objective on shares of 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. Robert W. Baird reduced their target price on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price objective for the company from $135.00 to $112.00 in a report on Friday, November 15th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $121.30.

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.