Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Acquired by Korea Investment CORP

Korea Investment CORP boosted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 66.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,855 shares of the real estate investment trust’s stock after buying an additional 34,424 shares during the quarter. Korea Investment CORP’s holdings in Alexandria Real Estate Equities were worth $8,375,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its stake in shares of Alexandria Real Estate Equities by 0.8% in the third quarter. The Manufacturers Life Insurance Company now owns 121,648 shares of the real estate investment trust’s stock worth $14,446,000 after acquiring an additional 948 shares in the last quarter. Townsquare Capital LLC raised its holdings in Alexandria Real Estate Equities by 24.2% in the third quarter. Townsquare Capital LLC now owns 2,801 shares of the real estate investment trust’s stock valued at $333,000 after acquiring an additional 545 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in Alexandria Real Estate Equities by 24.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 27,183 shares of the real estate investment trust’s stock valued at $3,228,000 after acquiring an additional 5,327 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of Alexandria Real Estate Equities by 11.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 4,121 shares of the real estate investment trust’s stock worth $489,000 after acquiring an additional 418 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of Alexandria Real Estate Equities by 6.7% in the 3rd quarter. Captrust Financial Advisors now owns 15,498 shares of the real estate investment trust’s stock worth $1,840,000 after purchasing an additional 969 shares during the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Stock Down 3.2 %

NYSE ARE opened at $92.50 on Tuesday. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $16.01 billion, a price-to-earnings ratio of 51.39, a PEG ratio of 3.93 and a beta of 1.17. The stock’s 50 day moving average is $97.82 and its two-hundred day moving average is $105.40. Alexandria Real Estate Equities, Inc. has a 1-year low of $91.15 and a 1-year high of $130.14.

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

Alexandria Real Estate Equities announced that its Board of Directors has authorized a stock buyback 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 repurchase up to 2.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 5.71%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio is 293.33%.

Analyst Upgrades and Downgrades

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

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.