Livforsakringsbolaget Skandia Omsesidigt Sells 300 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Livforsakringsbolaget Skandia Omsesidigt cut its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 20.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,200 shares of the real estate investment trust’s stock after selling 300 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Alexandria Real Estate Equities were worth $118,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Presima Securities ULC grew its stake in shares of Alexandria Real Estate Equities by 0.9% during the 3rd quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust’s stock worth $1,392,000 after acquiring an additional 100 shares during the period. Capital Square LLC lifted 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 valued at $690,000 after purchasing an additional 118 shares during the last quarter. Private Advisor Group LLC boosted its position in Alexandria Real Estate Equities by 5.1% during the third quarter. Private Advisor Group LLC now owns 2,651 shares of the real estate investment trust’s stock worth $315,000 after purchasing an additional 129 shares during the period. NBC Securities Inc. increased its stake in shares of Alexandria Real Estate Equities by 9.7% in the third quarter. NBC Securities Inc. now owns 1,475 shares of the real estate investment trust’s stock worth $175,000 after purchasing an additional 130 shares in the last quarter. Finally, Avitas Wealth Management LLC raised its position in shares of Alexandria Real Estate Equities by 1.5% in the third quarter. Avitas Wealth Management LLC now owns 10,910 shares of the real estate investment trust’s stock valued at $1,296,000 after purchasing an additional 163 shares during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price objective for the company from $135.00 to $112.00 in a research note on Friday, November 15th. JMP Securities reiterated a “market outperform” rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Evercore ISI dropped 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 report on Wednesday, October 23rd. Royal Bank of Canada reduced their target price on 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. Finally, JPMorgan Chase & Co. downgraded shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $133.00 to $121.00 in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $121.30.

Alexandria Real Estate Equities Trading Down 0.7 %

Shares of ARE opened at $95.97 on Friday. Alexandria Real Estate Equities, Inc. has a 1-year low of $93.80 and a 1-year high of $130.14. The company has a market capitalization of $16.61 billion, a P/E ratio of 53.32, a P/E/G ratio of 3.69 and a beta of 1.16. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The firm’s 50 day simple moving average is $100.10 and its 200 day simple moving average is $110.57.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, beating 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%. Sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.34 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $1.32 dividend. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date of this dividend was Tuesday, December 31st. Alexandria Real Estate Equities’s dividend payout ratio is presently 293.33%.

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

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.