Sarasin & Partners LLP Sells 2,545 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Sarasin & Partners LLP lessened its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 42,711 shares of the real estate investment trust’s stock after selling 2,545 shares during the quarter. Sarasin & Partners LLP’s holdings in Alexandria Real Estate Equities were worth $4,166,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ARE. Catalyst Capital Advisors LLC bought a new stake in shares of Alexandria Real Estate Equities during the third quarter worth $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Alexandria Real Estate Equities in the third quarter worth $30,000. Venturi Wealth Management LLC grew its stake in shares of Alexandria Real Estate Equities by 144.0% in the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 180 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Alexandria Real Estate Equities in the third quarter worth $43,000. Finally, M&R Capital Management Inc. bought a new stake in shares of Alexandria Real Estate Equities in the third quarter worth $50,000. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Up 1.8 %

ARE opened at $101.87 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $94.35 and a fifty-two week high of $130.14. The firm has a market capitalization of $17.80 billion, a PE ratio of 62.11, a P/E/G ratio of 3.64 and a beta of 1.16. The company’s 50-day moving average is $102.84 and its 200 day moving average is $112.77.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing the consensus estimate of $2.38 by ($1.42). The firm had revenue of $791.60 million during the quarter, compared to analysts’ expectations of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the business posted $2.26 EPS. As a group, research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $1.32 dividend. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $5.28 annualized dividend and a yield of 5.18%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 321.95%.

Alexandria Real Estate Equities announced that its board has approved a stock buyback plan on Monday, December 9th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the real estate investment trust to reacquire up to 2.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several analysts recently weighed in on ARE shares. 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. Deutsche Bank Aktiengesellschaft cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price target for the company from $135.00 to $112.00 in a research report on Friday, November 15th. JPMorgan Chase & Co. cut shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and cut their price target for the company from $133.00 to $121.00 in a research report on Wednesday, November 27th. JMP Securities cut their price target on shares of Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating on the stock in a research report on Friday, November 15th. Finally, Robert W. Baird dropped their price objective on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $121.90.

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.