Elo Mutual Pension Insurance Co Sells 677 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Elo Mutual Pension Insurance Co lessened its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,304 shares of the real estate investment trust’s stock after selling 677 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Alexandria Real Estate Equities were worth $1,298,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Private Trust Co. NA increased its holdings in shares of Alexandria Real Estate Equities by 113.6% during the third quarter. Private Trust Co. NA now owns 596 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 317 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Alexandria Real Estate Equities by 0.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 121,648 shares of the real estate investment trust’s stock valued at $14,446,000 after purchasing an additional 948 shares in the last quarter. Townsquare Capital LLC raised its holdings in Alexandria Real Estate Equities by 24.2% in the third quarter. Townsquare Capital LLC now owns 2,801 shares of the real estate investment trust’s stock worth $333,000 after buying an additional 545 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in shares of Alexandria Real Estate Equities by 24.4% in the third quarter. Public Sector Pension Investment Board now owns 27,183 shares of the real estate investment trust’s stock worth $3,228,000 after buying an additional 5,327 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in shares of Alexandria Real Estate Equities by 11.3% during the third quarter. Hantz Financial Services Inc. now owns 4,121 shares of the real estate investment trust’s stock valued at $489,000 after buying an additional 418 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ARE shares. JMP Securities restated a “market outperform” rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. StockNews.com cut Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Monday, March 17th. Wedbush reaffirmed a “neutral” rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Royal Bank of Canada decreased their target price on Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a research report on Tuesday, December 17th. Finally, Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They set a “hold” rating and a $100.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Alexandria Real Estate Equities presently has a consensus rating of “Hold” and a consensus price target of $118.60.

Alexandria Real Estate Equities Stock Down 0.1 %

Shares of ARE stock opened at $95.58 on Monday. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a 12 month low of $93.25 and a 12 month high of $130.14. The stock has a market cap of $16.54 billion, a P/E ratio of 53.10, a P/E/G ratio of 3.93 and a beta of 1.17. The company has a 50 day simple moving average of $98.01 and a two-hundred day simple moving average of $105.61.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, topping analysts’ consensus estimates 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%. On average, research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $1.32 per share. The ex-dividend date is Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.52%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 293.33%.

Alexandria Real Estate Equities declared that its Board of Directors has authorized a stock repurchase plan 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 reacquire up to 2.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Alexandria Real Estate Equities 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.