Sequoia Financial Advisors LLC Sells 1,095 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Sequoia Financial Advisors LLC cut its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 33.8% during the 4th quarter, HoldingsChannel reports. The firm owned 2,143 shares of the real estate investment trust’s stock after selling 1,095 shares during the period. Sequoia Financial Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $209,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ARE. AGF Management Ltd. boosted its position in Alexandria Real Estate Equities by 20.2% during the 4th quarter. AGF Management Ltd. now owns 38,299 shares of the real estate investment trust’s stock worth $3,736,000 after buying an additional 6,432 shares during the period. Daiwa Securities Group Inc. boosted its position in Alexandria Real Estate Equities by 1.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 73,641 shares of the real estate investment trust’s stock worth $7,184,000 after buying an additional 1,212 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Alexandria Real Estate Equities by 17.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 170,606 shares of the real estate investment trust’s stock worth $16,643,000 after buying an additional 24,926 shares during the period. OFI Invest Asset Management acquired a new stake in Alexandria Real Estate Equities during the 4th quarter worth approximately $806,000. Finally, Amundi boosted its position in Alexandria Real Estate Equities by 8.8% during the 4th quarter. Amundi now owns 876,650 shares of the real estate investment trust’s stock worth $85,417,000 after buying an additional 70,553 shares during the period. 96.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ARE has been the topic of a number of analyst reports. Royal Bank of Canada reduced 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 note on Tuesday, December 17th. Wedbush reaffirmed 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 reaffirmed a “market outperform” rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note 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 objective for the company from $133.00 to $121.00 in a research note on Wednesday, November 27th. Finally, Jefferies Financial Group began coverage on shares of Alexandria Real Estate Equities in a research note on Monday. They issued a “hold” rating and a $100.00 price objective on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $118.60.

Alexandria Real Estate Equities Stock Down 0.8 %

Shares of NYSE ARE opened at $96.91 on Friday. The firm has a market cap of $16.77 billion, a PE ratio of 53.84, a P/E/G 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’s fifty day simple moving average is $98.29 and its 200 day simple moving average is $106.72. 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 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 net margin of 10.36% and a return on equity of 1.43%. As a group, sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities declared that its board has authorized a share repurchase plan on Monday, December 9th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to repurchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date of this dividend is Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 293.33%.

Alexandria Real Estate Equities Company 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.