Natixis Advisors LLC Sells 9,327 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Natixis Advisors LLC lessened its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 7.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 110,771 shares of the real estate investment trust’s stock after selling 9,327 shares during the quarter. Natixis Advisors LLC owned approximately 0.06% of Alexandria Real Estate Equities worth $10,806,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ARE. Frank Rimerman Advisors LLC purchased a new position in Alexandria Real Estate Equities in the 4th quarter worth about $213,000. Hilton Capital Management LLC grew its position in shares of Alexandria Real Estate Equities by 4.6% during the 4th quarter. Hilton Capital Management LLC now owns 9,204 shares of the real estate investment trust’s stock worth $898,000 after buying an additional 404 shares in the last quarter. Analyst IMS Investment Management Services Ltd. increased its stake in shares of Alexandria Real Estate Equities by 170.1% during the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 486,103 shares of the real estate investment trust’s stock valued at $47,419,000 after buying an additional 306,145 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of Alexandria Real Estate Equities by 40.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,029 shares of the real estate investment trust’s stock valued at $1,076,000 after acquiring an additional 3,176 shares in the last quarter. Finally, PGGM Investments lifted its stake in Alexandria Real Estate Equities by 3,602.0% in the fourth quarter. PGGM Investments now owns 958,857 shares of the real estate investment trust’s stock worth $93,537,000 after acquiring an additional 932,956 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on ARE shares. Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a research report on Monday. They set a “hold” rating and a $100.00 target price on the stock. 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 note on Tuesday, December 17th. StockNews.com cut Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Monday. JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $133.00 to $121.00 in a research report on Wednesday, November 27th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of “Hold” and a consensus price target of $118.60.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock opened at $97.64 on Thursday. 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 debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. The firm has a market capitalization of $16.90 billion, a price-to-earnings ratio of 54.24, a PEG ratio of 3.93 and a beta of 1.17. The stock’s 50-day simple moving average is $98.30 and its 200-day simple moving average is $106.78.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share 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, 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 declared that its Board of Directors has authorized a share 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 usually a sign that the company’s board believes its shares are undervalued.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced 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. The ex-dividend date is Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a yield of 5.41%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 293.33%.

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.