Motley Fool Asset Management LLC Increases Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Motley Fool Asset Management LLC grew its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 9.4% during the fourth quarter, Holdings Channel reports. The firm owned 33,472 shares of the real estate investment trust’s stock after purchasing an additional 2,880 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Alexandria Real Estate Equities were worth $3,265,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fulton Bank N.A. grew its holdings in shares of Alexandria Real Estate Equities by 77.7% in 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 purchasing an additional 7,070 shares in the last quarter. Magnetar Financial LLC purchased a new position in Alexandria Real Estate Equities in the 4th quarter valued at approximately $968,000. Hahn Capital Management LLC grew its stake in shares of Alexandria Real Estate Equities by 50.4% in the fourth quarter. Hahn Capital Management LLC now owns 68,370 shares of the real estate investment trust’s stock worth $6,669,000 after acquiring an additional 22,926 shares in the last quarter. CCLA Investment Management increased its position in shares of 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. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Alexandria Real Estate Equities by 5.0% in the fourth 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. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on ARE shares. Royal Bank of Canada lowered 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 note on Tuesday, December 17th. StockNews.com downgraded Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Monday, March 17th. JMP Securities restated a “market outperform” rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Wedbush reiterated a “neutral” rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Finally, 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 price objective on the stock. One equities 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $118.60.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $92.39 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. Alexandria Real Estate Equities, Inc. has a 12 month low of $88.98 and a 12 month high of $130.14. The firm has a market capitalization of $15.99 billion, a P/E ratio of 51.33, a P/E/G ratio of 3.93 and a beta of 1.24. The company’s fifty day moving average price is $97.42 and its 200 day moving average price is $105.08.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data 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 net margin of 10.36% and a return on equity of 1.43%. As a group, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 5.71%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 293.33%.

Alexandria Real Estate Equities declared that its Board of Directors has initiated a stock 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 repurchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.

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.