Massachusetts Financial Services Co. MA Cuts Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Massachusetts Financial Services Co. MA trimmed its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 26.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 826,386 shares of the real estate investment trust’s stock after selling 300,591 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.48% of Alexandria Real Estate Equities worth $80,614,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ARE. EverSource Wealth Advisors LLC boosted its holdings in Alexandria Real Estate Equities by 57.7% in the fourth 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 last quarter. Callan Capital LLC raised its holdings in shares of 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 worth $873,000 after purchasing an additional 111 shares during the period. M&T Bank Corp grew its holdings in shares of Alexandria Real Estate Equities by 0.7% during the 4th quarter. M&T Bank Corp now owns 19,478 shares of the real estate investment trust’s stock worth $1,901,000 after purchasing an additional 127 shares during the period. Garland Capital Management Inc. raised its holdings in Alexandria Real Estate Equities by 0.6% in the fourth quarter. Garland Capital Management Inc. now owns 29,580 shares of the real estate investment trust’s stock valued at $2,886,000 after buying an additional 175 shares during the period. Finally, Private Trust Co. NA grew its stake in Alexandria Real Estate Equities by 30.2% during the fourth quarter. Private Trust Co. NA now owns 776 shares of the real estate investment trust’s stock worth $76,000 after buying an additional 180 shares during the period. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ARE. JMP Securities restated a “market outperform” rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a 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. StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday. Wedbush restated a “neutral” rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, Jefferies Financial Group assumed coverage on shares of Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a “hold” rating and a $100.00 target price on the stock. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $118.60.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock opened at $81.32 on Friday. 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 1-year low of $81.20 and a 1-year high of $130.14. The firm has a fifty day moving average of $96.73 and a two-hundred day moving average of $104.65. The firm has a market cap of $14.08 billion, a P/E ratio of 45.18, a P/E/G ratio of 3.93 and a beta of 1.24.

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

Alexandria Real Estate Equities Announces Dividend

The firm 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 dividend of $1.32 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $5.28 annualized dividend and a yield of 6.49%. Alexandria Real Estate Equities’s payout ratio is 293.33%.

Alexandria Real Estate Equities declared that its board has approved a stock buyback plan on Monday, December 9th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the real estate investment trust to repurchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is 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.