Arrowstreet Capital Limited Partnership Grows Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Arrowstreet Capital Limited Partnership lifted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 42.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 419,015 shares of the real estate investment trust’s stock after buying an additional 125,370 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.24% of Alexandria Real Estate Equities worth $40,875,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Townsquare Capital LLC grew its position in Alexandria Real Estate Equities by 24.2% during the third quarter. Townsquare Capital LLC now owns 2,801 shares of the real estate investment trust’s stock valued at $333,000 after buying an additional 545 shares during the period. Public Sector Pension Investment Board boosted its stake in shares of Alexandria Real Estate Equities by 24.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 27,183 shares of the real estate investment trust’s stock worth $3,228,000 after acquiring an additional 5,327 shares in the last quarter. Captrust Financial Advisors grew its position in shares of Alexandria Real Estate Equities by 6.7% during the 3rd quarter. Captrust Financial Advisors now owns 15,498 shares of the real estate investment trust’s stock valued at $1,840,000 after acquiring an additional 969 shares during the period. Verition Fund Management LLC increased its stake in shares of Alexandria Real Estate Equities by 408.4% in the 3rd quarter. Verition Fund Management LLC now owns 28,667 shares of the real estate investment trust’s stock valued at $3,404,000 after purchasing an additional 23,028 shares in the last quarter. Finally, Erste Asset Management GmbH acquired a new position in Alexandria Real Estate Equities in the 3rd quarter worth about $249,000. 96.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ARE. JMP Securities restated a “market outperform” rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Jefferies Financial Group began coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a “hold” rating and a $100.00 price target for the company. Royal Bank of Canada decreased their price objective on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating on the stock in a report on Tuesday, December 17th. StockNews.com downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Monday, March 17th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $118.60.

Alexandria Real Estate Equities Trading Up 1.4 %

Shares of Alexandria Real Estate Equities stock opened at $92.39 on Thursday. Alexandria Real Estate Equities, Inc. has a 1-year low of $88.98 and a 1-year high of $130.14. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The stock has a market cap of $15.99 billion, a P/E ratio of 51.33, a P/E/G ratio of 3.93 and a beta of 1.24. The stock’s 50 day simple moving average is $97.42 and its 200-day simple moving average is $105.08.

Alexandria Real Estate Equities (NYSE:ARE) last released 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 return on equity of 1.43% and a net margin of 10.36%. Analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS 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. Investors of record on Monday, March 31st will be given a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 5.71%. The ex-dividend date of this dividend is Monday, March 31st. Alexandria Real Estate Equities’s payout ratio is currently 293.33%.

Alexandria Real Estate Equities announced that its board has authorized a stock repurchase plan 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 reacquire up to 2.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is 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.