Quantbot Technologies LP Sells 16,258 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Quantbot Technologies LP lessened its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 44.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 19,938 shares of the real estate investment trust’s stock after selling 16,258 shares during the period. Quantbot Technologies LP’s holdings in Alexandria Real Estate Equities were worth $1,945,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in Alexandria Real Estate Equities by 57.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 109 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Alexandria Real Estate Equities during the 3rd quarter worth approximately $43,000. Loomis Sayles & Co. L P raised its holdings in Alexandria Real Estate Equities by 3,129.4% during the 3rd quarter. Loomis Sayles & Co. L P now owns 549 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 532 shares during the last quarter. Spire Wealth Management raised its holdings in Alexandria Real Estate Equities by 72.5% during the 4th quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 250 shares during the last quarter. Finally, Private Trust Co. NA raised its holdings in Alexandria Real Estate Equities by 113.6% during the 3rd quarter. Private Trust Co. NA now owns 596 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 317 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

NYSE ARE opened at $96.24 on Monday. The company has a fifty day simple moving average of $98.31 and a 200 day simple moving average of $106.39. Alexandria Real Estate Equities, Inc. has a 12-month low of $93.25 and a 12-month high of $130.14. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. The company has a market cap of $16.66 billion, a P/E ratio of 53.46, a PEG ratio of 3.93 and a beta of 1.17.

Alexandria Real Estate Equities (NYSE:ARE) last posted 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 net margin of 10.36% and a return on equity of 1.43%. Sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share 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. Shareholders of record on Monday, March 31st will be issued a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio is 293.33%.

Alexandria Real Estate Equities declared that its board has initiated a share buyback program 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 repurchase up to 2.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

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

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.