Achmea Investment Management B.V. Trims Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Achmea Investment Management B.V. lessened its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 21.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,640 shares of the real estate investment trust’s stock after selling 10,773 shares during the quarter. Achmea Investment Management B.V.’s holdings in Alexandria Real Estate Equities were worth $3,769,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new position in Alexandria Real Estate Equities during the 4th quarter valued at about $29,000. EverSource Wealth Advisors LLC grew its holdings in Alexandria Real Estate Equities by 57.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 109 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Alexandria Real Estate Equities during the 3rd quarter valued at about $30,000. Venturi Wealth Management LLC grew its holdings in Alexandria Real Estate Equities by 144.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 180 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Alexandria Real Estate Equities during the 3rd quarter valued at about $43,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE opened at $99.30 on Friday. The business has a 50 day moving average of $98.24 and a 200 day moving average of $107.30. The company has a market capitalization of $17.19 billion, a price-to-earnings ratio of 55.17, a PEG ratio of 3.93 and a beta of 1.17. 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 debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21.

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 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%. On average, sell-side 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 of Directors has authorized a stock buyback plan on Monday, December 9th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the real estate investment trust to reacquire up to 2.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $1.32 dividend. The ex-dividend date is Monday, March 31st. This represents a $5.28 annualized dividend and a yield of 5.32%. Alexandria Real Estate Equities’s payout ratio is currently 293.33%.

Wall Street Analysts Forecast Growth

ARE has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price objective for the stock from $135.00 to $112.00 in a report on Friday, November 15th. 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. JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $133.00 to $121.00 in a report on Wednesday, November 27th. JMP Securities reissued a “market outperform” rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $121.30.

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.