Commerzbank Aktiengesellschaft FI Grows Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Commerzbank Aktiengesellschaft FI grew its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 40.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,741 shares of the real estate investment trust’s stock after purchasing an additional 8,025 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Alexandria Real Estate Equities were worth $2,714,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. National Bank of Canada FI boosted its position in Alexandria Real Estate Equities by 350.0% during 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 acquiring an additional 265,508 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Alexandria Real Estate Equities by 114.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 435,416 shares of the real estate investment trust’s stock worth $51,706,000 after purchasing an additional 232,817 shares during the last quarter. KBC Group NV grew its position in shares of Alexandria Real Estate Equities by 315.9% in the third quarter. KBC Group NV now owns 169,350 shares of the real estate investment trust’s stock valued at $20,110,000 after purchasing an additional 128,634 shares in the last quarter. Castle Hook Partners LP acquired a new stake in shares of Alexandria Real Estate Equities in the third quarter valued at approximately $14,319,000. Finally, State Street Corp lifted its position in Alexandria Real Estate Equities by 1.1% during the third quarter. State Street Corp now owns 10,585,038 shares of the real estate investment trust’s stock worth $1,270,634,000 after buying an additional 112,864 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE opened at $101.39 on Tuesday. The stock has a market capitalization of $17.55 billion, a P/E ratio of 56.33, a PEG ratio of 3.93 and a beta of 1.16. 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, Inc. has a fifty-two week low of $93.25 and a fifty-two week high of $130.14. The company has a 50 day moving average price of $97.94 and a 200 day moving average price of $108.26.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 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 research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 5.21%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 293.33%.

Alexandria Real Estate Equities declared that its board has approved a stock buyback plan on Monday, December 9th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the real estate investment trust to buy up to 2.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several analysts have issued reports on ARE shares. JMP Securities restated a “market outperform” rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Royal Bank of Canada dropped 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 report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their target price for the stock from $135.00 to $112.00 in a research note on Friday, November 15th. Robert W. Baird dropped their price target on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Finally, StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Friday. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $121.30.

Alexandria Real Estate Equities Company 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.