Foresight Group Ltd Liability Partnership Sells 6,606 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Foresight Group Ltd Liability Partnership cut its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 20.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,857 shares of the real estate investment trust’s stock after selling 6,606 shares during the quarter. Alexandria Real Estate Equities accounts for 1.5% of Foresight Group Ltd Liability Partnership’s holdings, making the stock its 12th biggest position. Foresight Group Ltd Liability Partnership’s holdings in Alexandria Real Estate Equities were worth $2,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of ARE. Park Avenue Securities LLC raised its holdings in Alexandria Real Estate Equities by 65.7% in the fourth quarter. Park Avenue Securities LLC now owns 5,806 shares of the real estate investment trust’s stock worth $566,000 after purchasing an additional 2,302 shares during the period. CCLA Investment Management increased its position in shares of Alexandria Real Estate Equities by 4.0% in the 4th quarter. CCLA Investment Management now owns 841,435 shares of the real estate investment trust’s stock valued at $82,023,000 after buying an additional 32,367 shares in the last quarter. Community Trust & Investment Co. raised its stake in Alexandria Real Estate Equities by 4.8% during the 4th quarter. Community Trust & Investment Co. now owns 25,672 shares of the real estate investment trust’s stock worth $2,504,000 after buying an additional 1,173 shares during the period. Oak Thistle LLC bought a new position in Alexandria Real Estate Equities during the fourth quarter worth about $1,290,000. Finally, Leibman Financial Services Inc. grew its stake in Alexandria Real Estate Equities by 21.4% in the fourth quarter. Leibman Financial Services Inc. now owns 41,580 shares of the real estate investment trust’s stock valued at $4,056,000 after acquiring an additional 7,322 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Trading Up 1.7 %

Shares of Alexandria Real Estate Equities stock opened at $100.11 on Friday. Alexandria Real Estate Equities, Inc. has a 12-month low of $94.35 and a 12-month high of $130.14. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $103.35 and its 200-day moving average is $113.01. The stock has a market cap of $17.50 billion, a P/E ratio of 61.05, a P/E/G ratio of 3.64 and a beta of 1.16.

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

Alexandria Real Estate Equities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $1.32 per share. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. This represents a $5.28 annualized dividend and a dividend yield of 5.27%. The ex-dividend date of this dividend was Tuesday, December 31st. Alexandria Real Estate Equities’s payout ratio is currently 321.95%.

Alexandria Real Estate Equities declared that its board has authorized a stock buyback plan on Monday, December 9th that authorizes the company to repurchase $500.00 million in outstanding 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 an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

ARE has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price objective for the company from $135.00 to $112.00 in a report on Friday, November 15th. JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and cut their price target for the company from $133.00 to $121.00 in a research note on Wednesday, November 27th. 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 for the company in a research report on Wednesday, October 23rd. Wedbush reaffirmed an “outperform” rating and issued a $110.00 target price (down from $120.00) on shares of Alexandria Real Estate Equities in a research note on Friday, December 6th. Finally, JMP Securities cut their price target on Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating on the stock in a report on Friday, November 15th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $121.90.

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.