Nomura Asset Management Co. Ltd. Increases Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Nomura Asset Management Co. Ltd. increased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 3.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 251,455 shares of the real estate investment trust’s stock after purchasing an additional 9,199 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Alexandria Real Estate Equities were worth $24,529,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wedbush restated a “neutral” rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Royal Bank of Canada cut their price target on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a report on Tuesday, December 17th. JMP Securities reaffirmed 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. Jefferies Financial Group began coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They issued a “hold” rating and a $100.00 price objective on the stock. Finally, StockNews.com cut Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Monday, March 17th. One equities 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $118.60.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE ARE opened at $95.58 on Friday. The stock’s 50-day moving average is $98.01 and its 200 day moving average is $105.71. The stock has a market cap of $16.54 billion, a price-to-earnings ratio of 53.10, a P/E/G ratio of 3.93 and a beta of 1.17. 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 current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 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%. On average, sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 5.52%. The ex-dividend date of this dividend is Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio is presently 293.33%.

Alexandria Real Estate Equities declared that its board has approved a stock buyback program 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 buy up to 2.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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.