Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lessened its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,587 shares of the real estate investment trust’s stock after selling 309 shares during the period. Maryland State Retirement & Pension System’s holdings in Alexandria Real Estate Equities were worth $935,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Intech Investment Management LLC acquired a new position in Alexandria Real Estate Equities in the fourth quarter valued at about $360,000. Generali Asset Management SPA SGR acquired a new position in shares of Alexandria Real Estate Equities in the 4th quarter worth approximately $217,000. Thrivent Financial for Lutherans lifted its holdings in shares of Alexandria Real Estate Equities by 1.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 619,715 shares of the real estate investment trust’s stock worth $60,453,000 after acquiring an additional 10,158 shares during the last quarter. Cibc World Markets Corp boosted its position in shares of Alexandria Real Estate Equities by 12.0% during the 4th quarter. Cibc World Markets Corp now owns 69,861 shares of the real estate investment trust’s stock worth $6,815,000 after purchasing an additional 7,465 shares during the period. Finally, Arbor Capital Management Inc. ADV increased its holdings in Alexandria Real Estate Equities by 12.3% in the 4th quarter. Arbor Capital Management Inc. ADV now owns 10,637 shares of the real estate investment trust’s stock valued at $1,030,000 after purchasing an additional 1,163 shares during the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $133.00 to $121.00 in a research report on Wednesday, November 27th. Wedbush reaffirmed a “neutral” rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a research 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 set a “hold” rating and a $100.00 price target on the stock. JMP Securities restated a “market outperform” rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, Royal Bank of Canada cut 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 research note on Tuesday, December 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, Alexandria Real Estate Equities presently has an average rating of “Hold” and an average price target of $118.60.

Alexandria Real Estate Equities Trading Down 0.8 %

Shares of NYSE:ARE opened at $96.24 on Monday. The company has a market cap of $16.66 billion, a PE ratio of 53.46, a P/E/G ratio of 3.93 and a beta of 1.17. The company’s 50 day moving average is $98.31 and its two-hundred day moving average is $106.39. Alexandria Real Estate Equities, Inc. has a 52 week low of $93.25 and a 52 week 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.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 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 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 5.49%. The ex-dividend date of this dividend is Monday, March 31st. Alexandria Real Estate Equities’s payout ratio is 293.33%.

Alexandria Real Estate Equities announced that its board has authorized a share repurchase program on Monday, December 9th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to buy up to 2.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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.