Mitsubishi UFJ Asset Management Co. Ltd. Has $33.69 Million Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 339,699 shares of the real estate investment trust’s stock after buying an additional 1,903 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.20% of Alexandria Real Estate Equities worth $33,685,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA increased its position in shares of Alexandria Real Estate Equities by 113.6% in the third quarter. Private Trust Co. NA now owns 596 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 317 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Alexandria Real Estate Equities by 0.8% in the third quarter. The Manufacturers Life Insurance Company now owns 121,648 shares of the real estate investment trust’s stock valued at $14,446,000 after purchasing an additional 948 shares in the last quarter. Townsquare Capital LLC increased its position in shares of Alexandria Real Estate Equities by 24.2% during the 3rd quarter. Townsquare Capital LLC now owns 2,801 shares of the real estate investment trust’s stock worth $333,000 after purchasing an additional 545 shares during the last quarter. Public Sector Pension Investment Board raised its stake in shares of Alexandria Real Estate Equities by 24.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 27,183 shares of the real estate investment trust’s stock worth $3,228,000 after purchasing an additional 5,327 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Alexandria Real Estate Equities by 11.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 4,121 shares of the real estate investment trust’s stock valued at $489,000 after buying an additional 418 shares during the last quarter. 96.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on ARE shares. JMP Securities reaffirmed a “market outperform” rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. StockNews.com cut shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Monday, March 17th. Wedbush reiterated a “neutral” rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Royal Bank of Canada dropped their price objective on 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. Finally, Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a research note on Monday, March 17th. They set a “hold” rating and a $100.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $118.60.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE ARE opened at $95.58 on Friday. Alexandria Real Estate Equities, Inc. has a one year low of $93.25 and a one year high of $130.14. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The firm has a market cap of $16.54 billion, a price-to-earnings ratio of 53.10, a P/E/G ratio of 3.93 and a beta of 1.17. The stock’s fifty day moving average price is $98.01 and its two-hundred day moving average price is $105.71.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, topping analysts’ consensus estimates 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%. On average, equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 5.52%. The ex-dividend date of this dividend is Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 293.33%.

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

Alexandria Real Estate Equities 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.