Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 26.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 826,386 shares of the real estate investment trust’s stock after selling 300,591 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Alexandria Real Estate Equities were worth $80,614,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Alexandria Real Estate Equities during the fourth quarter worth approximately $1,605,426,000. JPMorgan Chase & Co. raised its stake in Alexandria Real Estate Equities by 212.9% during the 4th quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust’s stock valued at $806,337,000 after acquiring an additional 5,624,163 shares in the last quarter. PGGM Investments boosted its position in Alexandria Real Estate Equities by 3,602.0% during the 4th quarter. PGGM Investments now owns 958,857 shares of the real estate investment trust’s stock worth $93,537,000 after acquiring an additional 932,956 shares during the period. Raymond James Financial Inc. bought a new position in shares of Alexandria Real Estate Equities in the fourth quarter worth $34,170,000. Finally, Analyst IMS Investment Management Services Ltd. grew its stake in shares of Alexandria Real Estate Equities by 170.1% in the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 486,103 shares of the real estate investment trust’s stock worth $47,419,000 after purchasing an additional 306,145 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $81.32 on Friday. The company has a market capitalization of $14.08 billion, a PE ratio of 45.18, a price-to-earnings-growth ratio of 3.93 and a beta of 1.24. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. The stock has a fifty day moving average of $96.73 and a 200-day moving average of $104.65. Alexandria Real Estate Equities, Inc. has a one year low of $81.20 and a one year high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, beating the consensus estimate 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%. As a group, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities declared that its board has authorized a stock repurchase program on Monday, December 9th that permits the company to buyback $500.00 million in outstanding 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 often an indication that the company’s board believes its stock is undervalued.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $1.32 per share. The ex-dividend date is Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.49%. Alexandria Real Estate Equities’s dividend payout ratio is currently 293.33%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ARE shares. Jefferies Financial Group assumed coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a “hold” rating and a $100.00 price objective for the company. JMP Securities reaffirmed 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. Wedbush reiterated a “neutral” rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Royal Bank of Canada dropped their target price on Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating on the stock in a report on Tuesday, December 17th. Finally, StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.