Manchester Capital Management LLC Decreases Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Manchester Capital Management LLC decreased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 32.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 778 shares of the real estate investment trust’s stock after selling 374 shares during the quarter. Manchester Capital Management LLC’s holdings in Alexandria Real Estate Equities were worth $76,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ARE. CWM LLC lifted its stake in Alexandria Real Estate Equities by 15.5% during the third quarter. CWM LLC now owns 5,225 shares of the real estate investment trust’s stock worth $620,000 after purchasing an additional 703 shares during the last quarter. Exchange Traded Concepts LLC increased its position in Alexandria Real Estate Equities by 99.6% during the third quarter. Exchange Traded Concepts LLC now owns 5,013 shares of the real estate investment trust’s stock worth $595,000 after buying an additional 2,501 shares during the period. Creative Planning increased its position in Alexandria Real Estate Equities by 14.5% during the third quarter. Creative Planning now owns 15,415 shares of the real estate investment trust’s stock worth $1,830,000 after buying an additional 1,947 shares during the period. NBC Securities Inc. increased its position in Alexandria Real Estate Equities by 9.7% during the third quarter. NBC Securities Inc. now owns 1,475 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 130 shares during the period. Finally, Bleakley Financial Group LLC increased its position in Alexandria Real Estate Equities by 89.8% during the third quarter. Bleakley Financial Group LLC now owns 3,361 shares of the real estate investment trust’s stock worth $399,000 after buying an additional 1,590 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on ARE. Royal Bank of Canada cut their price target on Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating on the stock in a research report on Tuesday, December 17th. Evercore ISI cut their price target on 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. Robert W. Baird cut their price target on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price target for the stock from $135.00 to $112.00 in a research report on Friday, November 15th. Finally, StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $121.30.

Alexandria Real Estate Equities Stock Down 1.0 %

Alexandria Real Estate Equities stock opened at $94.86 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. Alexandria Real Estate Equities, Inc. has a 1-year low of $93.25 and a 1-year high of $130.14. The company has a market cap of $16.42 billion, a PE ratio of 52.70, a price-to-earnings-growth ratio of 3.67 and a beta of 1.16. The stock’s 50 day moving average price is $98.70 and its 200 day moving average price is $109.58.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly 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%. On average, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.34 EPS for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $1.32 per share. 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. This represents a $5.28 annualized dividend and a yield of 5.57%. Alexandria Real Estate Equities’s dividend payout ratio is currently 293.33%.

Alexandria Real Estate Equities announced that its Board of Directors has approved a stock buyback program 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 repurchase up to 2.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors 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.