Nuance Investments LLC Takes $6.89 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Nuance Investments LLC acquired a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 70,592 shares of the real estate investment trust’s stock, valued at approximately $6,886,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zions Bancorporation N.A. raised its position in shares of Alexandria Real Estate Equities by 67.0% in the 4th quarter. Zions Bancorporation N.A. now owns 50,530 shares of the real estate investment trust’s stock valued at $4,929,000 after purchasing an additional 20,276 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Alexandria Real Estate Equities in the fourth quarter worth $693,000. LPL Financial LLC increased its stake in shares of Alexandria Real Estate Equities by 45.6% during the fourth quarter. LPL Financial LLC now owns 260,485 shares of the real estate investment trust’s stock valued at $25,410,000 after acquiring an additional 81,587 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Alexandria Real Estate Equities during the 4th quarter valued at about $9,116,000. Finally, Mizuho Securities USA LLC grew its holdings in shares of Alexandria Real Estate Equities by 46.0% in the 4th quarter. Mizuho Securities USA LLC now owns 14,741 shares of the real estate investment trust’s stock worth $1,438,000 after acquiring an additional 4,646 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $133.00 to $121.00 in a report on Wednesday, November 27th. JMP Securities reiterated a “market outperform” rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Jefferies Financial Group assumed 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 target price on the stock. Wedbush reiterated a “neutral” rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Finally, 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $118.60.

Alexandria Real Estate Equities Price Performance

NYSE ARE opened at $95.95 on Wednesday. The company’s 50 day moving average is $98.27 and its two-hundred day moving average is $106.11. 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 $16.61 billion, a price-to-earnings ratio of 53.31, a PEG ratio of 3.93 and a beta of 1.17. 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 (NYSE:ARE) last released its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, beating 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%. As a group, research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities announced that its board has approved a share 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 buy up to 2.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Alexandria Real Estate Equities Announces Dividend

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 given a $1.32 dividend. The ex-dividend date is Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.50%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 293.33%.

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.