IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 1,629 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 12.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,914 shares of the real estate investment trust’s stock after selling 1,629 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Alexandria Real Estate Equities were worth $1,162,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ARE. State Street Corp raised its holdings in shares of Alexandria Real Estate Equities by 1.1% during the third quarter. State Street Corp now owns 10,585,038 shares of the real estate investment trust’s stock valued at $1,270,634,000 after acquiring an additional 112,864 shares in the last quarter. JPMorgan Chase & Co. increased its position 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 purchasing an additional 5,624,163 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Alexandria Real Estate Equities by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,466,187 shares of the real estate investment trust’s stock worth $240,577,000 after purchasing an additional 15,285 shares in the last quarter. PGGM Investments lifted its position in shares of Alexandria Real Estate Equities by 3,602.0% in the 4th quarter. PGGM Investments now owns 958,857 shares of the real estate investment trust’s stock worth $93,537,000 after purchasing an additional 932,956 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Alexandria Real Estate Equities by 5.0% during 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 purchasing an additional 42,825 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ARE shares. Wedbush reissued a “neutral” rating and issued a $104.00 price target 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 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Royal Bank of Canada lowered their target price on 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. StockNews.com cut Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Monday, March 17th. Finally, Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a “hold” rating and a $100.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $118.60.

Alexandria Real Estate Equities Price Performance

ARE opened at $95.74 on Friday. The firm has a market cap of $16.57 billion, a PE ratio of 53.19, a P/E/G ratio of 3.93 and a beta of 1.17. The stock has a 50-day moving average price of $98.14 and a 200-day moving average price of $105.97. 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 debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21.

Alexandria Real Estate Equities (NYSE:ARE) last issued 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 net margin of 10.36% and a return on equity of 1.43%. Sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.32 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $5.28 annualized dividend and a yield of 5.51%. Alexandria Real Estate Equities’s dividend payout ratio is 293.33%.

Alexandria Real Estate Equities declared that its board has authorized a stock buyback program on Monday, December 9th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the real estate investment trust to buy up to 2.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

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.