Swiss National Bank Has $43.38 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Swiss National Bank reduced its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 4.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 444,700 shares of the real estate investment trust’s stock after selling 21,500 shares during the quarter. Swiss National Bank owned about 0.26% of Alexandria Real Estate Equities worth $43,380,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Truvestments Capital LLC grew its position in shares of Alexandria Real Estate Equities by 6.8% during the 4th quarter. Truvestments Capital LLC now owns 24,229 shares of the real estate investment trust’s stock worth $2,363,000 after buying an additional 1,553 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Alexandria Real Estate Equities by 57.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 109 shares during the period. AGF Management Ltd. grew its position in shares of Alexandria Real Estate Equities by 20.2% in the 4th quarter. AGF Management Ltd. now owns 38,299 shares of the real estate investment trust’s stock valued at $3,736,000 after purchasing an additional 6,432 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Alexandria Real Estate Equities by 1.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 73,641 shares of the real estate investment trust’s stock valued at $7,184,000 after purchasing an additional 1,212 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Alexandria Real Estate Equities by 17.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 170,606 shares of the real estate investment trust’s stock valued at $16,643,000 after purchasing an additional 24,926 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Trading Up 2.7 %

Shares of Alexandria Real Estate Equities stock opened at $99.30 on Monday. Alexandria Real Estate Equities, Inc. has a 12-month low of $93.25 and a 12-month high of $130.14. The stock has a market cap of $17.19 billion, a P/E ratio of 55.17, a P/E/G ratio of 3.93 and a beta of 1.17. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The business’s 50 day moving average is $98.24 and its 200-day moving average is $107.13.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (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%. Equities research analysts predict 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 authorized a share 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 buy up to 2.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 293.33%.

Analyst Upgrades and Downgrades

ARE has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $133.00 to $121.00 in a research report on Wednesday, November 27th. JMP Securities reiterated a “market outperform” rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Wedbush reaffirmed a “neutral” rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reduced their price target 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. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of “Hold” and an average 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.