Y Intercept Hong Kong Ltd Has $1.12 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Y Intercept Hong Kong Ltd boosted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 11.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,523 shares of the real estate investment trust’s stock after buying an additional 1,152 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Alexandria Real Estate Equities were worth $1,124,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of ARE. Fulton Bank N.A. grew its stake in shares of Alexandria Real Estate Equities by 77.7% during the 4th quarter. Fulton Bank N.A. now owns 16,165 shares of the real estate investment trust’s stock worth $1,577,000 after acquiring an additional 7,070 shares in the last quarter. CCLA Investment Management grew its position in Alexandria Real Estate Equities by 4.0% in the fourth quarter. CCLA Investment Management now owns 841,435 shares of the real estate investment trust’s stock valued at $82,023,000 after purchasing an additional 32,367 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in Alexandria Real Estate Equities by 5.0% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,541 shares of the real estate investment trust’s stock valued at $88,140,000 after purchasing an additional 42,825 shares in the last quarter. CIBC Asset Management Inc increased its stake in Alexandria Real Estate Equities by 67.3% in the 3rd quarter. CIBC Asset Management Inc now owns 37,276 shares of the real estate investment trust’s stock valued at $4,427,000 after buying an additional 14,992 shares during the last quarter. Finally, Vert Asset Management LLC lifted its position in Alexandria Real Estate Equities by 13.8% during the 4th quarter. Vert Asset Management LLC now owns 69,445 shares of the real estate investment trust’s stock worth $6,774,000 after buying an additional 8,435 shares in the last quarter. Institutional investors own 96.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ARE. Deutsche Bank Aktiengesellschaft cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their price objective for the company from $135.00 to $112.00 in a report on Friday, November 15th. Robert W. Baird decreased their price target on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. JPMorgan Chase & Co. cut Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. Royal Bank of Canada cut 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 report on Tuesday, December 17th. Finally, Wedbush restated a “neutral” rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a 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 given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $121.30.

Alexandria Real Estate Equities Trading Down 1.9 %

Shares of Alexandria Real Estate Equities stock opened at $99.01 on Thursday. 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 business has a fifty day simple moving average of $97.75 and a two-hundred day simple moving average of $108.54. Alexandria Real Estate Equities, Inc. has a 1 year low of $93.25 and a 1 year high of $130.14. The company has a market capitalization of $17.14 billion, a price-to-earnings ratio of 55.01, a P/E/G ratio of 3.93 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results 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 net margin of 10.36% and a return on equity of 1.43%. Research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current 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 dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date was Tuesday, December 31st. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. Alexandria Real Estate Equities’s payout ratio is currently 293.33%.

Alexandria Real Estate Equities announced that its board has authorized 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 purchase up to 2.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management 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.