Alexandria Real Estate Equities, Inc. (NYSE:ARE) Stock Holdings Lessened by Steph & Co.

Steph & Co. lessened its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 76.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 730 shares of the real estate investment trust’s stock after selling 2,335 shares during the period. Steph & Co.’s holdings in Alexandria Real Estate Equities were worth $71,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Fulton Bank N.A. raised its holdings in shares of Alexandria Real Estate Equities by 77.7% during the fourth quarter. Fulton Bank N.A. now owns 16,165 shares of the real estate investment trust’s stock valued at $1,577,000 after acquiring an additional 7,070 shares during the period. CIBC Asset Management Inc grew its position in Alexandria Real Estate Equities by 67.3% during the 3rd 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 in the last quarter. Pathway Financial Advisers LLC raised its stake in Alexandria Real Estate Equities by 11,449.8% during 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. CCLA Investment Management lifted its holdings in shares of Alexandria Real Estate Equities by 4.0% in the fourth quarter. CCLA Investment Management now owns 841,435 shares of the real estate investment trust’s stock valued at $82,023,000 after purchasing an additional 32,367 shares in the last quarter. Finally, Leibman Financial Services Inc. boosted its position in shares of Alexandria Real Estate Equities by 21.4% in the fourth quarter. Leibman Financial Services Inc. now owns 41,580 shares of the real estate investment trust’s stock worth $4,056,000 after buying an additional 7,322 shares during the period. 96.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ARE has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $135.00 to $112.00 in a research note on Friday, November 15th. Robert W. Baird decreased their price target on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Royal Bank of Canada dropped 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 note on Tuesday, December 17th. BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. Finally, Evercore ISI lowered their price target on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a report on Wednesday, October 23rd. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $121.90.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE opened at $100.11 on Friday. The firm has a market capitalization of $17.50 billion, a PE ratio of 61.05, a PEG ratio of 3.64 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 1 year low of $94.35 and a 1 year high of $130.14. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. The firm’s fifty day simple moving average is $103.35 and its 200 day simple moving average is $113.01.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($1.42). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The business had revenue of $791.60 million during the quarter, compared to analyst estimates of $766.97 million. During the same period in the prior year, the business posted $2.26 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $1.32 per share. The ex-dividend date was Tuesday, December 31st. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.27%. Alexandria Real Estate Equities’s payout ratio is 321.95%.

Alexandria Real Estate Equities declared that its Board of Directors has initiated a share buyback program on Monday, December 9th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to buy up to 2.7% of its shares through open market purchases. Shares buyback programs are typically a sign 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.