Mizuho Securities USA LLC Has $1.44 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Mizuho Securities USA LLC raised its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 46.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,741 shares of the real estate investment trust’s stock after acquiring an additional 4,646 shares during the quarter. Mizuho Securities USA LLC’s holdings in Alexandria Real Estate Equities were worth $1,438,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Empowered Funds LLC increased its position in Alexandria Real Estate Equities by 9.8% during the third quarter. Empowered Funds LLC now owns 2,903 shares of the real estate investment trust’s stock worth $345,000 after buying an additional 259 shares during the last quarter. Raymond James Trust N.A. bought a new position in shares of Alexandria Real Estate Equities in the 3rd quarter valued at approximately $563,000. Cerity Partners LLC lifted its holdings in Alexandria Real Estate Equities by 64.1% in the 3rd quarter. Cerity Partners LLC now owns 54,343 shares of the real estate investment trust’s stock worth $6,453,000 after purchasing an additional 21,237 shares during the last quarter. Loomis Sayles & Co. L P boosted its position in Alexandria Real Estate Equities by 3,129.4% during the third quarter. Loomis Sayles & Co. L P now owns 549 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 532 shares during the period. Finally, Private Trust Co. NA grew its holdings in Alexandria Real Estate Equities by 113.6% during the third quarter. Private Trust Co. NA now owns 596 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 317 shares during the last quarter. 96.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ARE. Wedbush reaffirmed a “neutral” rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Jefferies Financial Group began coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They set a “hold” rating and a $100.00 price target for the company. Royal Bank of Canada dropped their price objective on Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating on the stock in a research note on Tuesday, December 17th. 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. Finally, StockNews.com lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of “Hold” and a consensus price target of $118.60.

Alexandria Real Estate Equities Price Performance

Shares of Alexandria Real Estate Equities stock opened at $95.95 on Wednesday. The firm has a market cap of $16.61 billion, a P/E ratio of 53.31, a price-to-earnings-growth ratio of 3.93 and a beta of 1.17. The firm’s 50-day simple moving average is $98.27 and its 200-day simple moving average is $106.11. Alexandria Real Estate Equities, Inc. has a twelve month low of $93.25 and a twelve month high of $130.14. 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 (NYSE:ARE) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, beating analysts’ consensus estimates 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%. As a group, research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

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

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.32 per share. The ex-dividend date is Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.50%. Alexandria Real Estate Equities’s payout ratio is presently 293.33%.

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.