Oppenheimer Asset Management Inc. Sells 9,064 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Oppenheimer Asset Management Inc. trimmed its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 32.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,686 shares of the real estate investment trust’s stock after selling 9,064 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Alexandria Real Estate Equities were worth $1,823,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Brown Financial Advisors increased its holdings in Alexandria Real Estate Equities by 26.6% in the 4th quarter. Brown Financial Advisors now owns 4,416 shares of the real estate investment trust’s stock valued at $431,000 after buying an additional 929 shares during the period. Y Intercept Hong Kong Ltd increased its holdings in Alexandria Real Estate Equities by 11.1% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 11,523 shares of the real estate investment trust’s stock valued at $1,124,000 after buying an additional 1,152 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Alexandria Real Estate Equities by 33.5% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 23,488 shares of the real estate investment trust’s stock valued at $2,291,000 after buying an additional 5,900 shares during the period. LDR Capital Management LLC bought a new position in Alexandria Real Estate Equities in the 4th quarter valued at about $1,017,000. Finally, Callan Capital LLC increased its holdings in Alexandria Real Estate Equities by 1.3% in the 4th quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust’s stock valued at $873,000 after buying an additional 111 shares during the period. 96.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ARE has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price target for the company from $135.00 to $112.00 in a research note on Friday, November 15th. Royal Bank of Canada reduced their price target on shares of 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. JPMorgan Chase & Co. downgraded shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $133.00 to $121.00 in a research note on Wednesday, November 27th. Finally, Robert W. Baird reduced their price target on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $121.30.

Alexandria Real Estate Equities Stock Down 0.9 %

NYSE:ARE opened at $101.39 on Tuesday. The firm’s 50 day simple moving average is $97.94 and its 200 day simple moving average is $108.26. 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, Inc. has a one year low of $93.25 and a one year high of $130.14. The company has a market cap of $17.55 billion, a PE ratio of 56.33, a P/E/G ratio of 3.93 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) 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, research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared 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. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.21%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 293.33%.

Alexandria Real Estate Equities declared that its Board of Directors has initiated a share buyback program on Monday, December 9th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to reacquire up to 2.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board 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.