Mitsubishi UFJ Asset Management Co. Ltd. Purchases 1,903 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 339,699 shares of the real estate investment trust’s stock after purchasing an additional 1,903 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Alexandria Real Estate Equities were worth $33,685,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its position in shares of Alexandria Real Estate Equities by 57.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 109 shares during the last quarter. Callan Capital LLC lifted its holdings in shares of Alexandria Real Estate Equities by 1.3% in the fourth quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust’s stock worth $873,000 after acquiring an additional 111 shares during the last quarter. M&T Bank Corp grew its holdings in shares of Alexandria Real Estate Equities by 0.7% during the 4th quarter. M&T Bank Corp now owns 19,478 shares of the real estate investment trust’s stock valued at $1,901,000 after purchasing an additional 127 shares during the last quarter. Garland Capital Management Inc. increased its position in Alexandria Real Estate Equities by 0.6% during the 4th quarter. Garland Capital Management Inc. now owns 29,580 shares of the real estate investment trust’s stock worth $2,886,000 after purchasing an additional 175 shares in the last quarter. Finally, Private Trust Co. NA increased its position in Alexandria Real Estate Equities by 30.2% during the 4th quarter. Private Trust Co. NA now owns 776 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 180 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ARE. Wedbush reaffirmed a “neutral” rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. JMP Securities reaffirmed a “market outperform” rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Jefferies Financial Group began coverage on Alexandria Real Estate Equities in a research note on Monday, March 17th. They set a “hold” rating and a $100.00 price target on the stock. Royal Bank of Canada lowered their price objective 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. Finally, StockNews.com downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Monday, March 17th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $118.60.

Alexandria Real Estate Equities Stock Down 0.1 %

Shares of NYSE ARE opened at $95.58 on Friday. The company’s 50 day moving average price is $98.01 and its 200-day moving average price is $105.71. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. Alexandria Real Estate Equities, Inc. has a 52-week low of $93.25 and a 52-week high of $130.14. The company has a market capitalization of $16.54 billion, a P/E ratio of 53.10, a price-to-earnings-growth ratio of 3.93 and a beta of 1.17.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, beating analysts’ consensus estimates 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%. Equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

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 issued a $1.32 dividend. The ex-dividend date is Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a yield of 5.52%. Alexandria Real Estate Equities’s payout ratio is currently 293.33%.

Alexandria Real Estate Equities announced that its Board of Directors has approved a stock repurchase program on Monday, December 9th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the real estate investment trust to buy up to 2.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is 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.