Foresight Group Ltd Liability Partnership Sells 6,606 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Foresight Group Ltd Liability Partnership lessened its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 20.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,857 shares of the real estate investment trust’s stock after selling 6,606 shares during the quarter. Alexandria Real Estate Equities comprises 1.5% of Foresight Group Ltd Liability Partnership’s investment portfolio, making the stock its 12th biggest position. Foresight Group Ltd Liability Partnership’s holdings in Alexandria Real Estate Equities were worth $2,527,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new position in shares of Alexandria Real Estate Equities in the 3rd quarter valued at approximately $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter valued at $30,000. Venturi Wealth Management LLC increased its stake in shares of Alexandria Real Estate Equities by 144.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 180 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Alexandria Real Estate Equities during the 3rd quarter worth $43,000. Finally, M&R Capital Management Inc. bought a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter worth $50,000. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $100.11 on Friday. The firm’s fifty day simple moving average is $103.35 and its two-hundred day simple moving average is $113.01. Alexandria Real Estate Equities, Inc. has a 12 month low of $94.35 and a 12 month high of $130.14. The stock has a market capitalization of $17.50 billion, a P/E ratio of 61.05, a price-to-earnings-growth ratio of 3.64 and a beta of 1.16. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly 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 business had revenue of $791.60 million for the quarter, compared to the consensus estimate of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. Alexandria Real Estate Equities’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.26 earnings per share. As a group, analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities announced that its board has approved a stock buyback plan 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 buy up to 2.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Alexandria Real Estate Equities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $1.32 per share. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. This represents a $5.28 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date of this dividend was Tuesday, December 31st. Alexandria Real Estate Equities’s dividend payout ratio is 321.95%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wedbush reissued an “outperform” rating and set a $110.00 target price (down previously from $120.00) on shares of Alexandria Real Estate Equities in a research note on Friday, December 6th. Robert W. Baird lowered 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 report on Friday, November 8th. JMP Securities cut their price objective on Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating on the stock in a report on Friday, November 15th. Evercore ISI lowered their target price on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a report on Wednesday, October 23rd. Finally, BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $121.90.

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.