Whittier Trust Co. Has $68,000 Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Whittier Trust Co. decreased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 99.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 694 shares of the real estate investment trust’s stock after selling 84,414 shares during the quarter. Whittier Trust Co.’s holdings in Alexandria Real Estate Equities were worth $68,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Fulton Bank N.A. grew its stake in shares of Alexandria Real Estate Equities by 77.7% in the 4th quarter. Fulton Bank N.A. now owns 16,165 shares of the real estate investment trust’s stock worth $1,577,000 after acquiring an additional 7,070 shares in the last quarter. Hahn Capital Management LLC boosted its holdings in Alexandria Real Estate Equities by 50.4% during the fourth quarter. Hahn Capital Management LLC now owns 68,370 shares of the real estate investment trust’s stock worth $6,669,000 after purchasing an additional 22,926 shares during the last quarter. CCLA Investment Management grew its position in 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 worth $82,023,000 after purchasing an additional 32,367 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in Alexandria Real Estate Equities by 5.0% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,541 shares of the real estate investment trust’s stock valued at $88,140,000 after buying an additional 42,825 shares during the last quarter. Finally, Magnetar Financial LLC bought a new position in shares of Alexandria Real Estate Equities during the 4th quarter worth approximately $968,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

NYSE ARE opened at $97.58 on Tuesday. The company’s 50 day moving average is $98.31 and its 200-day moving average is $106.25. The firm has a market cap of $16.89 billion, a P/E ratio of 54.21, a price-to-earnings-growth ratio of 3.93 and a beta of 1.17. Alexandria Real Estate Equities, Inc. has a 12-month low of $93.25 and a 12-month 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.

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

Alexandria Real Estate Equities announced that its board has initiated a stock buyback 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 repurchase up to 2.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is 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 given a $1.32 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.41%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 293.33%.

Wall Street Analysts Forecast Growth

ARE has been the subject of several recent analyst reports. StockNews.com lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Monday, March 17th. Wedbush restated a “neutral” rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. JMP Securities reissued a “market outperform” rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $133.00 to $121.00 in a research report on Wednesday, November 27th. Finally, Royal Bank of Canada lowered their price objective on shares of 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock 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.