Securian Asset Management Inc. Cuts Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Securian Asset Management Inc. reduced its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 2.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,355 shares of the real estate investment trust’s stock after selling 211 shares during the quarter. Securian Asset Management Inc.’s holdings in Alexandria Real Estate Equities were worth $815,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Truvestments Capital LLC raised its stake in Alexandria Real Estate Equities by 6.8% in the 4th quarter. Truvestments Capital LLC now owns 24,229 shares of the real estate investment trust’s stock valued at $2,363,000 after acquiring an additional 1,553 shares during the period. EverSource Wealth Advisors LLC raised its stake in Alexandria Real Estate Equities by 57.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 109 shares during the period. AGF Management Ltd. raised its stake in Alexandria Real Estate Equities by 20.2% in the 4th quarter. AGF Management Ltd. now owns 38,299 shares of the real estate investment trust’s stock valued at $3,736,000 after acquiring an additional 6,432 shares during the period. Daiwa Securities Group Inc. raised its stake in Alexandria Real Estate Equities by 1.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 73,641 shares of the real estate investment trust’s stock valued at $7,184,000 after acquiring an additional 1,212 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Alexandria Real Estate Equities by 17.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 170,606 shares of the real estate investment trust’s stock valued at $16,643,000 after acquiring an additional 24,926 shares during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada lowered 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. JMP Securities restated a “market outperform” rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Wedbush reiterated a “neutral” rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. JPMorgan Chase & Co. cut Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $133.00 to $121.00 in a research report on Wednesday, November 27th. Finally, StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $121.30.

Alexandria Real Estate Equities Stock Up 2.7 %

ARE stock opened at $99.30 on Friday. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. The company’s 50 day moving average is $98.24 and its 200 day moving average is $107.21. The stock has a market cap of $17.19 billion, a price-to-earnings ratio of 55.17, a price-to-earnings-growth 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.

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 the consensus estimate 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%. Sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company 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. This represents a $5.28 annualized dividend and a yield of 5.32%. The ex-dividend date of this dividend is Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio is currently 293.33%.

Alexandria Real Estate Equities announced that its Board of Directors has initiated a stock buyback program 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 shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are 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.