Fifth Third Bancorp Purchases 1,883 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Fifth Third Bancorp grew its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 16.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,669 shares of the real estate investment trust’s stock after purchasing an additional 1,883 shares during the period. Fifth Third Bancorp’s holdings in Alexandria Real Estate Equities were worth $1,333,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ARE. Gradient Investments LLC lifted its stake in Alexandria Real Estate Equities by 22.4% in the 4th quarter. Gradient Investments LLC now owns 128,733 shares of the real estate investment trust’s stock valued at $12,558,000 after acquiring an additional 23,548 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in Alexandria Real Estate Equities by 4.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 5,241 shares of the real estate investment trust’s stock worth $511,000 after purchasing an additional 228 shares during the last quarter. Raleigh Capital Management Inc. grew its position in Alexandria Real Estate Equities by 61.2% in the fourth quarter. Raleigh Capital Management Inc. now owns 10,403 shares of the real estate investment trust’s stock valued at $1,015,000 after purchasing an additional 3,951 shares in the last quarter. Park Place Capital Corp lifted its position in Alexandria Real Estate Equities by 42.0% during the 4th quarter. Park Place Capital Corp now owns 2,319 shares of the real estate investment trust’s stock worth $226,000 after buying an additional 686 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Alexandria Real Estate Equities by 17.4% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 554,863 shares of the real estate investment trust’s stock worth $54,127,000 after buying an additional 82,223 shares during the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Trading Down 4.8 %

Shares of NYSE:ARE opened at $97.19 on Wednesday. Alexandria Real Estate Equities, Inc. has a 12-month low of $94.35 and a 12-month high of $130.14. The business has a 50 day moving average of $102.07 and a 200-day moving average of $112.07. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. The stock has a market cap of $16.98 billion, a PE ratio of 59.26, a P/E/G ratio of 3.85 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. As a group, equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities declared that its Board of Directors has approved a stock buyback 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 typically a sign that the company’s management believes its shares are undervalued.

Alexandria Real Estate Equities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $1.32 dividend. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $5.28 annualized dividend and a yield of 5.43%. Alexandria Real Estate Equities’s payout ratio is 321.95%.

Analysts Set New Price Targets

Several research firms recently issued reports on ARE. JMP Securities dropped their target price 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. Robert W. Baird cut their price objective on 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. Royal Bank of Canada lowered their target price on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating on the stock in a report on Tuesday, December 17th. Wedbush reiterated an “outperform” rating and issued a $110.00 price target (down previously from $120.00) on shares of Alexandria Real Estate Equities in a research note on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $135.00 to $112.00 in a research note on Friday, November 15th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $121.90.

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.