Alexandria Real Estate Equities, Inc. (NYSE:ARE) Stock Position Lifted by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. grew its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 36.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,580 shares of the real estate investment trust’s stock after buying an additional 5,722 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Alexandria Real Estate Equities were worth $2,105,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. State Street Corp lifted its holdings in Alexandria Real Estate Equities by 1.1% during the 3rd quarter. State Street Corp now owns 10,585,038 shares of the real estate investment trust’s stock worth $1,270,634,000 after buying an additional 112,864 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Alexandria Real Estate Equities by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,466,187 shares of the real estate investment trust’s stock worth $240,577,000 after buying an additional 15,285 shares during the last quarter. PGGM Investments lifted its holdings in shares of Alexandria Real Estate Equities by 3,602.0% in the 4th quarter. PGGM Investments now owns 958,857 shares of the real estate investment trust’s stock worth $93,537,000 after purchasing an additional 932,956 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Alexandria Real Estate Equities by 5.0% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,541 shares of the real estate investment trust’s stock worth $88,140,000 after purchasing an additional 42,825 shares during the last quarter. Finally, Amundi lifted its holdings in shares of Alexandria Real Estate Equities by 8.8% in the 4th quarter. Amundi now owns 876,650 shares of the real estate investment trust’s stock worth $85,417,000 after purchasing an additional 70,553 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Down 0.8 %

Shares of ARE stock opened at $96.91 on Friday. Alexandria Real Estate Equities, Inc. has a 1 year low of $93.25 and a 1 year high of $130.14. The stock has a market cap of $16.77 billion, a PE ratio of 53.84, a price-to-earnings-growth ratio of 3.93 and a beta of 1.17. The business’s fifty day moving average is $98.29 and its 200-day moving average is $106.72. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21.

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, 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%. 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 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 dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 5.45%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 293.33%.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ARE shares. JMP Securities reissued a “market outperform” rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. JPMorgan Chase & Co. downgraded Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $133.00 to $121.00 in a report on Wednesday, November 27th. StockNews.com downgraded Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Monday. Jefferies Financial Group started coverage on Alexandria Real Estate Equities in a report on Monday. They issued a “hold” rating and a $100.00 price target on the stock. Finally, Wedbush reaffirmed a “neutral” rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $118.60.

Alexandria Real Estate Equities Company 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.