Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,306 shares of the real estate investment trust’s stock after selling 1,228 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Alexandria Real Estate Equities worth $9,881,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new position in shares of Alexandria Real Estate Equities during the second quarter worth about $1,647,000. Park Avenue Securities LLC increased its stake in Alexandria Real Estate Equities by 8.5% in the 3rd quarter. Park Avenue Securities LLC now owns 3,504 shares of the real estate investment trust’s stock valued at $416,000 after buying an additional 275 shares during the period. Czech National Bank raised its position in Alexandria Real Estate Equities by 5.7% during the 3rd quarter. Czech National Bank now owns 31,714 shares of the real estate investment trust’s stock worth $3,766,000 after buying an additional 1,721 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Alexandria Real Estate Equities by 36.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,923 shares of the real estate investment trust’s stock worth $228,000 after acquiring an additional 509 shares during the period. Finally, CWM LLC increased its stake in shares of Alexandria Real Estate Equities by 15.5% during the third quarter. CWM LLC now owns 5,225 shares of the real estate investment trust’s stock worth $620,000 after acquiring an additional 703 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $96.49 on Friday. Alexandria Real Estate Equities, Inc. has a one year low of $93.80 and a one year high of $130.14. The stock has a market cap of $16.70 billion, a PE ratio of 53.61, a price-to-earnings-growth ratio of 3.69 and a beta of 1.16. The business’s fifty day moving average price is $100.38 and its two-hundred day moving average price is $110.67. 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 (NYSE:ARE) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 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%. On average, analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.34 EPS for the current fiscal year.

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

Alexandria Real Estate Equities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. Alexandria Real Estate Equities’s dividend payout ratio is currently 293.33%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Robert W. Baird reduced their price target on 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. StockNews.com cut shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. downgraded shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and cut their price target for the company from $133.00 to $121.00 in a report on Wednesday, November 27th. 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. Finally, Evercore ISI decreased their price target 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. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Alexandria Real Estate Equities currently has an average rating of “Hold” and a consensus target price of $121.30.

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.