Whittier Trust Co. Has $68,000 Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Whittier Trust Co. lessened its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 99.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 694 shares of the real estate investment trust’s stock after selling 84,414 shares during the period. Whittier Trust Co.’s holdings in Alexandria Real Estate Equities were worth $68,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. PGGM Investments grew its holdings in shares of Alexandria Real Estate Equities by 3,602.0% during the fourth 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. Raymond James Financial Inc. acquired a new stake in Alexandria Real Estate Equities during the 4th quarter worth approximately $34,170,000. Analyst IMS Investment Management Services Ltd. grew its holdings in Alexandria Real Estate Equities by 170.1% during the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 486,103 shares of the real estate investment trust’s stock worth $47,419,000 after acquiring an additional 306,145 shares during the last quarter. National Bank of Canada FI increased its position in Alexandria Real Estate Equities by 350.0% in the 3rd quarter. National Bank of Canada FI now owns 341,357 shares of the real estate investment trust’s stock valued at $40,536,000 after acquiring an additional 265,508 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of Alexandria Real Estate Equities by 114.9% during the third quarter. BNP Paribas Financial Markets now owns 435,416 shares of the real estate investment trust’s stock valued at $51,706,000 after acquiring an additional 232,817 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Stock Up 1.4 %

Alexandria Real Estate Equities stock opened at $97.58 on Tuesday. The company has a market capitalization of $16.89 billion, a PE ratio of 54.21, a PEG ratio of 3.93 and a beta of 1.17. Alexandria Real Estate Equities, Inc. has a 12-month low of $93.25 and a 12-month high of $130.14. The firm’s fifty day moving average is $98.31 and its 200 day moving average is $106.25. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share 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%. As a group, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

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

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 paid a $1.32 dividend. The ex-dividend date is Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a yield of 5.41%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 293.33%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ARE. Royal Bank of Canada decreased their price objective on Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a report on Tuesday, December 17th. JMP Securities reissued a “market outperform” rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Jefferies Financial Group began coverage on Alexandria Real Estate Equities in a research note on Monday, March 17th. They issued a “hold” rating and a $100.00 price objective on the stock. JPMorgan Chase & Co. downgraded shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $133.00 to $121.00 in a research report on Wednesday, November 27th. Finally, Wedbush restated a “neutral” rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of “Hold” and a consensus price target 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.