Commonwealth Equity Services LLC Has $1.08 Million Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Commonwealth Equity Services LLC grew its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 40.4% during the 4th quarter, HoldingsChannel reports. The firm owned 11,029 shares of the real estate investment trust’s stock after acquiring an additional 3,176 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Alexandria Real Estate Equities were worth $1,076,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. PGGM Investments lifted its position in shares of Alexandria Real Estate Equities by 3,602.0% during the 4th quarter. PGGM Investments now owns 958,857 shares of the real estate investment trust’s stock worth $93,537,000 after buying an additional 932,956 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at approximately $34,170,000. National Bank of Canada FI raised its position in shares of Alexandria Real Estate Equities by 350.0% during the third quarter. National Bank of Canada FI now owns 341,357 shares of the real estate investment trust’s stock worth $40,536,000 after purchasing an additional 265,508 shares during the period. State Street Corp raised its stake in shares of Alexandria Real Estate Equities by 1.1% in the 3rd quarter. State Street Corp now owns 10,585,038 shares of the real estate investment trust’s stock valued at $1,270,634,000 after purchasing an additional 112,864 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH increased its stake in Alexandria Real Estate Equities by 17.4% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 554,863 shares of the real estate investment trust’s stock valued at $54,127,000 after buying an additional 82,223 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ARE shares. Jefferies Financial Group began coverage on Alexandria Real Estate Equities in a research note on Monday, March 17th. They issued a “hold” rating and a $100.00 price target on the stock. 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 on the stock in a research note on Tuesday, December 17th. Wedbush reaffirmed a “neutral” rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. JMP Securities reaffirmed a “market outperform” rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Finally, StockNews.com cut Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Monday, March 17th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Alexandria Real Estate Equities presently has an average rating of “Hold” and a consensus price target of $118.60.

Alexandria Real Estate Equities Stock Down 3.2 %

ARE stock opened at $92.50 on Tuesday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The stock has a market cap of $16.01 billion, a P/E ratio of 51.39, a PEG ratio of 3.93 and a beta of 1.17. The business’s 50-day moving average price is $97.82 and its 200-day moving average price is $105.40. Alexandria Real Estate Equities, Inc. has a twelve month low of $91.15 and a twelve month high of $130.14.

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, 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%. On average, equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities declared that its Board of Directors has initiated a share repurchase plan 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 buy up to 2.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given 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 dividend yield of 5.71%. Alexandria Real Estate Equities’s payout ratio is 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.