Signaturefd LLC Sells 648 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Signaturefd LLC reduced its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 20.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,482 shares of the real estate investment trust’s stock after selling 648 shares during the quarter. Signaturefd LLC’s holdings in Alexandria Real Estate Equities were worth $242,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. PGGM Investments boosted its holdings in Alexandria Real Estate Equities by 3,602.0% in the fourth quarter. PGGM Investments now owns 958,857 shares of the real estate investment trust’s stock valued at $93,537,000 after acquiring an additional 932,956 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Alexandria Real Estate Equities during the fourth quarter valued at about $34,170,000. Analyst IMS Investment Management Services Ltd. increased its position in shares of Alexandria Real Estate Equities by 170.1% during the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 486,103 shares of the real estate investment trust’s stock valued at $47,419,000 after buying an additional 306,145 shares during the period. National Bank of Canada FI raised its stake in Alexandria Real Estate Equities by 350.0% in the third quarter. National Bank of Canada FI now owns 341,357 shares of the real estate investment trust’s stock worth $40,536,000 after buying an additional 265,508 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Alexandria Real Estate Equities by 114.9% in the third quarter. BNP Paribas Financial Markets now owns 435,416 shares of the real estate investment trust’s stock worth $51,706,000 after buying an additional 232,817 shares during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Price Performance

Shares of ARE opened at $96.24 on Friday. Alexandria Real Estate Equities, Inc. has a twelve month low of $93.25 and a twelve month high of $130.14. The company has a market capitalization of $16.66 billion, a P/E ratio of 53.46, a price-to-earnings-growth ratio of 3.93 and a beta of 1.17. The firm has a 50 day moving average of $98.31 and a 200 day moving average of $106.55. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results 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%. As a group, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $1.32 per share. The ex-dividend date is Monday, March 31st. This represents a $5.28 annualized dividend and a dividend yield of 5.49%. Alexandria Real Estate Equities’s payout ratio is 293.33%.

Alexandria Real Estate Equities declared that its board has authorized a share repurchase plan 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 reacquire up to 2.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

ARE has been the subject of several research reports. Royal Bank of Canada decreased their target price on Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a research report on Tuesday, December 17th. JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $133.00 to $121.00 in a research report on Wednesday, November 27th. Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a research report on Monday, March 17th. They issued a “hold” rating and a $100.00 target price on the stock. StockNews.com cut shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Monday, March 17th. Finally, Wedbush reissued a “neutral” rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $118.60.

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.