New Age Alpha Advisors LLC Takes $3.97 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

New Age Alpha Advisors LLC bought a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 40,653 shares of the real estate investment trust’s stock, valued at approximately $3,966,000.

Other institutional investors also recently bought and sold shares of the company. Triodos Investment Management BV boosted its holdings in shares of Alexandria Real Estate Equities by 20.4% during the 4th quarter. Triodos Investment Management BV now owns 172,450 shares of the real estate investment trust’s stock valued at $16,822,000 after purchasing an additional 29,200 shares during the last quarter. Norges Bank bought a new position in Alexandria Real Estate Equities during the fourth quarter valued at approximately $1,605,426,000. NEOS Investment Management LLC grew its holdings in Alexandria Real Estate Equities by 25.6% during the 4th quarter. NEOS Investment Management LLC now owns 6,074 shares of the real estate investment trust’s stock valued at $593,000 after buying an additional 1,238 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Alexandria Real Estate Equities by 212.9% in the 4th quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust’s stock worth $806,337,000 after acquiring an additional 5,624,163 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Alexandria Real Estate Equities by 0.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 339,699 shares of the real estate investment trust’s stock worth $33,685,000 after acquiring an additional 1,903 shares in the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ARE. JMP Securities reissued a “market outperform” rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Royal Bank of Canada dropped 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 downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Monday, March 17th. Wedbush reiterated a “neutral” rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Finally, Jefferies Financial Group started coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a “hold” rating and a $100.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $118.60.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock opened at $95.58 on Friday. The stock has a 50 day moving average price of $98.01 and a 200 day moving average price of $105.81. Alexandria Real Estate Equities, Inc. has a 52-week low of $93.25 and a 52-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 $16.54 billion, a P/E ratio of 53.10, a P/E/G ratio of 3.93 and a beta of 1.17.

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 return on equity of 1.43% and a net margin of 10.36%. As a group, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities announced that its Board of Directors has initiated a share repurchase plan on Monday, December 9th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the real estate investment trust to buy up to 2.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $1.32 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a yield of 5.52%. Alexandria Real Estate Equities’s dividend payout ratio is currently 293.33%.

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.