Orion Portfolio Solutions LLC Decreases Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Orion Portfolio Solutions LLC trimmed its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 30.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,656 shares of the real estate investment trust’s stock after selling 7,824 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Alexandria Real Estate Equities were worth $1,722,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in shares of 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 valued at $29,000 after buying an additional 109 shares during the period. Callan Capital LLC boosted its holdings in Alexandria Real Estate Equities by 1.3% during the 4th quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust’s stock valued at $873,000 after acquiring an additional 111 shares during the period. M&T Bank Corp grew its position in Alexandria Real Estate Equities by 0.7% in the 4th quarter. M&T Bank Corp now owns 19,478 shares of the real estate investment trust’s stock valued at $1,901,000 after acquiring an additional 127 shares during the last quarter. Garland Capital Management Inc. increased its stake in Alexandria Real Estate Equities by 0.6% in the fourth quarter. Garland Capital Management Inc. now owns 29,580 shares of the real estate investment trust’s stock worth $2,886,000 after purchasing an additional 175 shares during the period. Finally, Private Trust Co. NA lifted its position in shares of Alexandria Real Estate Equities by 30.2% during the fourth quarter. Private Trust Co. NA now owns 776 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 180 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

Shares of Alexandria Real Estate Equities stock opened at $92.39 on Thursday. The firm has a market capitalization of $15.99 billion, a P/E ratio of 51.33, a PEG ratio of 3.93 and a beta of 1.24. Alexandria Real Estate Equities, Inc. has a 52 week low of $88.98 and a 52 week high of $130.14. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The company has a 50 day moving average price of $97.42 and a 200 day moving average price of $105.08.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, topping 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%. Sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities declared that its Board of Directors has authorized a stock buyback program 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 buy up to 2.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 5.71%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities’s payout ratio is 293.33%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ARE. StockNews.com downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Monday, March 17th. Wedbush reaffirmed a “neutral” rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a research note 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. Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a “hold” rating and a $100.00 target price for the company. Finally, JMP Securities reissued 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. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $118.60.

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.