Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Cetera Trust Company N.A

Cetera Trust Company N.A decreased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 30.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,225 shares of the real estate investment trust’s stock after selling 540 shares during the quarter. Cetera Trust Company N.A’s holdings in Alexandria Real Estate Equities were worth $119,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Presima Securities ULC grew its position in Alexandria Real Estate Equities by 0.9% in the third quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust’s stock worth $1,392,000 after buying an additional 100 shares during the last quarter. Capital Square LLC grew its position in Alexandria Real Estate Equities by 2.1% in the third quarter. Capital Square LLC now owns 5,811 shares of the real estate investment trust’s stock worth $690,000 after buying an additional 118 shares during the last quarter. Private Advisor Group LLC grew its position in Alexandria Real Estate Equities by 5.1% during the 3rd quarter. Private Advisor Group LLC now owns 2,651 shares of the real estate investment trust’s stock worth $315,000 after purchasing an additional 129 shares in the last quarter. Cascade Investment Advisors Inc. grew its position in Alexandria Real Estate Equities by 1.3% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 10,075 shares of the real estate investment trust’s stock worth $1,196,000 after purchasing an additional 130 shares in the last quarter. Finally, NBC Securities Inc. grew its position in Alexandria Real Estate Equities by 9.7% during the 3rd quarter. NBC Securities Inc. now owns 1,475 shares of the real estate investment trust’s stock worth $175,000 after purchasing an additional 130 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on ARE. Evercore ISI lowered their price objective on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $135.00 to $112.00 in a research report on Friday, November 15th. Robert W. Baird decreased their target price on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. JMP Securities decreased their target price on shares of Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating for the company in a research note on Friday, November 15th. Finally, Royal Bank of Canada decreased their target price on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a research note on Tuesday, December 17th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $121.90.

Alexandria Real Estate Equities Stock Down 0.5 %

ARE stock opened at $101.29 on Wednesday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. Alexandria Real Estate Equities, Inc. has a 1 year low of $94.35 and a 1 year high of $130.14. The company has a fifty day simple moving average of $102.54 and a 200 day simple moving average of $112.56. The firm has a market cap of $17.70 billion, a PE ratio of 62.02, a PEG ratio of 3.90 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($1.42). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The business had revenue of $791.60 million during the quarter, compared to analyst estimates of $766.97 million. During the same period in the previous year, the firm posted $2.26 EPS. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. Sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 5.21%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. Alexandria Real Estate Equities’s payout ratio is presently 321.95%.

Alexandria Real Estate Equities declared that its Board of Directors has approved a stock 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 buy up to 2.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

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.