Vinva Investment Management Ltd Purchases 352 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Vinva Investment Management Ltd raised its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,237 shares of the real estate investment trust’s stock after purchasing an additional 352 shares during the quarter. Vinva Investment Management Ltd’s holdings in Alexandria Real Estate Equities were worth $3,935,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Intech Investment Management LLC bought a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at about $360,000. Generali Asset Management SPA SGR bought a new position in shares of Alexandria Real Estate Equities during the 4th quarter valued at approximately $217,000. Thrivent Financial for Lutherans grew its stake in shares of Alexandria Real Estate Equities by 1.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 619,715 shares of the real estate investment trust’s stock valued at $60,453,000 after acquiring an additional 10,158 shares during the period. Cibc World Markets Corp grew its stake in shares of Alexandria Real Estate Equities by 12.0% during the 4th quarter. Cibc World Markets Corp now owns 69,861 shares of the real estate investment trust’s stock valued at $6,815,000 after acquiring an additional 7,465 shares during the period. Finally, Arbor Capital Management Inc. ADV grew its stake in shares of Alexandria Real Estate Equities by 12.3% during the 4th quarter. Arbor Capital Management Inc. ADV now owns 10,637 shares of the real estate investment trust’s stock valued at $1,030,000 after acquiring an additional 1,163 shares during the period. 96.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ARE has been the subject of a number of recent research reports. 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 research note on Tuesday, December 17th. JMP Securities reiterated a “market outperform” rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. StockNews.com downgraded Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Monday. Wedbush reiterated a “neutral” rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. downgraded Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $133.00 to $121.00 in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $118.60.

Alexandria Real Estate Equities Stock Down 0.8 %

Shares of ARE opened at $97.64 on Thursday. The stock has a market capitalization of $16.90 billion, a price-to-earnings ratio of 54.24, 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. The business’s 50 day simple moving average is $98.30 and its 200-day simple moving average is $106.78. 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 issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) 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, equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $1.32 per share. The ex-dividend date is Monday, March 31st. This represents a $5.28 annualized dividend and a dividend yield of 5.41%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 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 buyback $500.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to purchase up to 2.7% of its shares through open market purchases. Shares buyback programs are generally a sign 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.