Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Acquired by Candriam S.C.A.

Candriam S.C.A. lifted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 21,592 shares of the real estate investment trust’s stock after acquiring an additional 395 shares during the quarter. Candriam S.C.A.’s holdings in Alexandria Real Estate Equities were worth $2,106,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp raised its position in shares of Alexandria Real Estate Equities by 1.1% during the 3rd quarter. State Street Corp now owns 10,585,038 shares of the real estate investment trust’s stock valued at $1,270,634,000 after acquiring an additional 112,864 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Alexandria Real Estate Equities by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,466,187 shares of the real estate investment trust’s stock valued at $240,577,000 after acquiring an additional 15,285 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Alexandria Real Estate Equities by 5.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,541 shares of the real estate investment trust’s stock valued at $88,140,000 after acquiring an additional 42,825 shares in the last quarter. CCLA Investment Management raised its position in shares of Alexandria Real Estate Equities by 4.0% during the 4th quarter. CCLA Investment Management now owns 841,435 shares of the real estate investment trust’s stock valued at $82,023,000 after acquiring an additional 32,367 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its position in shares of Alexandria Real Estate Equities by 17.4% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 554,863 shares of the real estate investment trust’s stock valued at $54,127,000 after acquiring an additional 82,223 shares in the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Trading Up 2.7 %

NYSE:ARE opened at $102.50 on Monday. Alexandria Real Estate Equities, Inc. has a 1 year low of $93.25 and a 1 year high of $130.14. The stock has a market cap of $17.74 billion, a price-to-earnings ratio of 56.95, a PEG ratio of 3.93 and a beta of 1.17. The business has a fifty day moving average of $98.11 and a 200-day moving average of $107.87. 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 released its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, topping 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 analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities declared that its Board of Directors has authorized a stock buyback plan on Monday, December 9th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire up to 2.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $1.32 per share. The ex-dividend date is Monday, March 31st. This represents a $5.28 annualized dividend and a yield of 5.15%. Alexandria Real Estate Equities’s dividend payout ratio is currently 293.33%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ARE. Deutsche Bank Aktiengesellschaft lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price target for the company from $135.00 to $112.00 in a research report on Friday, November 15th. JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $133.00 to $121.00 in a research report on Wednesday, November 27th. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. JMP Securities reaffirmed a “market outperform” rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Alexandria Real Estate Equities has an average rating of “Hold” and an average 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.