Pictet Asset Management Holding SA Trims Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Pictet Asset Management Holding SA reduced its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 4.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 99,621 shares of the real estate investment trust’s stock after selling 4,322 shares during the period. Pictet Asset Management Holding SA’s holdings in Alexandria Real Estate Equities were worth $9,718,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Proficio Capital Partners LLC purchased a new position in shares of Alexandria Real Estate Equities during the fourth quarter worth about $29,000. EverSource Wealth Advisors LLC lifted its position in Alexandria Real Estate Equities by 57.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 109 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Alexandria Real Estate Equities in the 3rd quarter valued at approximately $43,000. Spire Wealth Management increased its holdings in shares of Alexandria Real Estate Equities by 72.5% in the fourth quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 250 shares during the period. Finally, Versant Capital Management Inc raised its stake in shares of Alexandria Real Estate Equities by 129.9% during the fourth quarter. Versant Capital Management Inc now owns 745 shares of the real estate investment trust’s stock worth $73,000 after purchasing an additional 421 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $92.39 on Thursday. Alexandria Real Estate Equities, Inc. has a 12 month low of $90.07 and a 12 month high of $130.14. The firm has a market capitalization of $15.99 billion, a price-to-earnings ratio of 51.33, a price-to-earnings-growth ratio of 3.93 and a beta of 1.24. The business’s 50 day simple moving average is $97.42 and its 200-day simple moving average is $105.08. 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 (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 analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities announced that its board has approved a stock repurchase plan on Monday, December 9th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to purchase up to 2.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Alexandria Real Estate Equities Dividend Announcement

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

Analyst Ratings Changes

ARE has been the topic of several recent research reports. StockNews.com cut shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Monday, March 17th. Wedbush reiterated a “neutral” rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Royal Bank of Canada reduced their price objective on shares of 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. Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a “hold” rating and a $100.00 target price on the stock. Finally, JMP Securities reissued a “market outperform” rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. 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, the company presently has a consensus rating of “Hold” and a consensus price target of $118.60.

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.