Pensionfund DSM Netherlands reduced its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 19.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,200 shares of the real estate investment trust's stock after selling 5,000 shares during the period. Alexandria Real Estate Equities makes up 1.2% of Pensionfund DSM Netherlands' holdings, making the stock its 28th biggest position. Pensionfund DSM Netherlands' holdings in Alexandria Real Estate Equities were worth $1,971,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of ARE. Catalyst Capital Advisors LLC acquired a new position in shares of Alexandria Real Estate Equities during the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC purchased a new position in Alexandria Real Estate Equities during the third quarter worth approximately $30,000. Venturi Wealth Management LLC boosted its stake in Alexandria Real Estate Equities by 144.0% during the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust's stock worth $36,000 after buying an additional 180 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Alexandria Real Estate Equities during the third quarter worth $43,000. Finally, Global X Japan Co. Ltd. acquired a new position in shares of Alexandria Real Estate Equities during the 2nd quarter valued at about $43,000. Hedge funds and other institutional investors own 96.54% of the company's stock.
NYSE ARE traded up $0.92 on Monday, hitting $100.08. 113,571 shares of the stock were exchanged, compared to its average volume of 767,017. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $96.33 and a fifty-two week high of $130.40. The company has a 50-day moving average price of $105.78 and a 200-day moving average price of $114.06. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. The company has a market cap of $17.49 billion, a PE ratio of 61.02, a PEG ratio of 3.87 and a beta of 1.16.
Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts' consensus estimates of $2.38 by ($1.42). Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The firm had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. During the same quarter in the previous year, the firm posted $2.26 EPS. The business's revenue for the quarter was up 10.9% on a year-over-year basis. Sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $1.32 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Alexandria Real Estate Equities's previous quarterly dividend of $1.30. This represents a $5.28 dividend on an annualized basis and a yield of 5.28%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is 321.95%.
Alexandria Real Estate Equities announced that its Board of Directors has approved a share buyback plan on Monday, December 9th that allows the company to repurchase $500.00 million in outstanding 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 often an indication that the company's management believes its shares are undervalued.
ARE has been the topic of several recent analyst reports. Royal Bank of Canada decreased their target price 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. Evercore ISI reduced their price objective on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating on the stock in a report on Wednesday, October 23rd. Wedbush reaffirmed an "outperform" rating and issued a $110.00 price objective (down from $120.00) on shares of Alexandria Real Estate Equities in a research note on Friday, December 6th. Robert W. Baird decreased their target price on Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating on the stock in a research note on Friday, November 8th. Finally, Citigroup downgraded Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and dropped their target price for the company from $130.00 to $125.00 in a research report on Friday, September 13th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $121.90.
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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.
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