13,443 Shares in Alexandria Real Estate Equities, Inc. (NYSE:ARE) Bought by Avanza Fonder AB

Avanza Fonder AB purchased a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,443 shares of the real estate investment trust’s stock, valued at approximately $1,311,000.

A number of other large investors have also made changes to their positions in the stock. Presima Securities ULC increased its holdings in Alexandria Real Estate Equities by 0.9% in the third quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust’s stock valued at $1,392,000 after buying an additional 100 shares in the last quarter. Capital Square LLC raised its holdings in Alexandria Real Estate Equities by 2.1% during the third quarter. Capital Square LLC now owns 5,811 shares of the real estate investment trust’s stock worth $690,000 after purchasing an additional 118 shares during the last quarter. Private Advisor Group LLC grew its holdings in Alexandria Real Estate Equities by 5.1% in the third quarter. Private Advisor Group LLC now owns 2,651 shares of the real estate investment trust’s stock valued at $315,000 after purchasing an additional 129 shares during the last quarter. Cascade Investment Advisors Inc. increased its position in shares of Alexandria Real Estate Equities by 1.3% in the third quarter. Cascade Investment Advisors Inc. now owns 10,075 shares of the real estate investment trust’s stock valued at $1,196,000 after buying an additional 130 shares in the last quarter. Finally, NBC Securities Inc. raised its stake in shares of Alexandria Real Estate Equities by 9.7% during the 3rd quarter. NBC Securities Inc. now owns 1,475 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Wall Street Analyst Weigh In

ARE has been the subject of several recent research reports. BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. cut Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $133.00 to $121.00 in a report on Wednesday, November 27th. Wedbush reissued an “outperform” rating and set a $110.00 price target (down previously from $120.00) on shares of Alexandria Real Estate Equities in a research report on Friday, December 6th. Evercore ISI reduced their price objective on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada dropped their price objective 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. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $121.90.

Alexandria Real Estate Equities Stock Up 1.8 %

Shares of NYSE:ARE opened at $101.87 on Friday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. The firm has a market cap of $17.80 billion, a price-to-earnings ratio of 62.11, a PEG ratio of 3.64 and a beta of 1.16. The stock’s 50-day moving average price is $102.84 and its two-hundred day moving average price is $112.80. Alexandria Real Estate Equities, Inc. has a 12-month low of $94.35 and a 12-month high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). The company had revenue of $791.60 million during the quarter, compared to analysts’ expectations of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. Alexandria Real Estate Equities’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.26 earnings per share. On average, research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $1.32 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $5.28 dividend on an annualized basis and a yield of 5.18%. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 321.95%.

Alexandria Real Estate Equities announced that its Board of Directors has approved a stock buyback program 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 repurchase up to 2.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors 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.