IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 1,629 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 12.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,914 shares of the real estate investment trust’s stock after selling 1,629 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Alexandria Real Estate Equities were worth $1,162,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC purchased a new position in shares of Alexandria Real Estate Equities during the 4th quarter valued at $29,000. EverSource Wealth Advisors LLC grew its position in Alexandria Real Estate Equities by 57.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 109 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Alexandria Real Estate Equities during the third quarter worth about $43,000. Spire Wealth Management increased its stake in Alexandria Real Estate Equities by 72.5% in the 4th quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust’s stock worth $58,000 after acquiring an additional 250 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its holdings in shares of Alexandria Real Estate Equities by 3,129.4% in the 3rd quarter. Loomis Sayles & Co. L P now owns 549 shares of the real estate investment trust’s stock valued at $65,000 after acquiring an additional 532 shares in the last quarter. Institutional investors own 96.54% of the company’s stock.

Wall Street Analyst Weigh In

ARE has been the subject of several recent analyst reports. StockNews.com lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Monday, March 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 shares of Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a “hold” rating and a $100.00 price objective on the stock. Royal Bank of Canada dropped 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 report on Tuesday, December 17th. Finally, Wedbush reissued a “neutral” rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $118.60.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock opened at $95.74 on Friday. The firm has a fifty day simple moving average of $98.14 and a two-hundred day simple moving average of $105.97. Alexandria Real Estate Equities, Inc. has a twelve month low of $93.25 and a twelve month high of $130.14. The company has a market capitalization of $16.57 billion, a PE ratio of 53.19, a P/E/G ratio of 3.93 and a beta of 1.17. 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 released its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share 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%. Research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 5.51%. The ex-dividend date of this dividend is Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio is 293.33%.

Alexandria Real Estate Equities announced that its Board of Directors has authorized a stock buyback plan on Monday, December 9th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the real estate investment trust to buy up to 2.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is 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.