Amalgamated Bank Cuts Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Amalgamated Bank lowered its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 2.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 30,825 shares of the real estate investment trust’s stock after selling 687 shares during the quarter. Amalgamated Bank’s holdings in Alexandria Real Estate Equities were worth $3,007,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ARE. Callan Capital LLC raised its stake in Alexandria Real Estate Equities by 1.3% in the 4th quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust’s stock valued at $873,000 after purchasing an additional 111 shares during the last quarter. Capital Square LLC raised its position in shares of Alexandria Real Estate Equities by 2.1% in the third quarter. Capital Square LLC now owns 5,811 shares of the real estate investment trust’s stock valued at $690,000 after buying an additional 118 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Alexandria Real Estate Equities by 5.1% in the third quarter. Private Advisor Group LLC now owns 2,651 shares of the real estate investment trust’s stock valued at $315,000 after buying an additional 129 shares during the last quarter. Venturi Wealth Management LLC lifted 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 buying an additional 180 shares in the last quarter. Finally, Keudell Morrison Wealth Management boosted its position in Alexandria Real Estate Equities by 8.7% during the fourth quarter. Keudell Morrison Wealth Management now owns 2,422 shares of the real estate investment trust’s stock worth $236,000 after acquiring an additional 194 shares during the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Up 1.5 %

Shares of ARE opened at $102.48 on Friday. The company’s 50-day moving average price is $97.89 and its 200 day moving average price is $108.39. Alexandria Real Estate Equities, Inc. has a 12-month low of $93.25 and a 12-month 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. The firm has a market cap of $17.74 billion, a P/E ratio of 56.93, a price-to-earnings-growth ratio of 3.93 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results 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%. On average, sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities announced that its board has initiated a stock buyback plan on Monday, December 9th that permits the company to repurchase $500.00 million in outstanding 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 often a sign that the company’s management believes its shares are undervalued.

Alexandria Real Estate Equities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 5.15%. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. The ex-dividend date was Tuesday, December 31st. Alexandria Real Estate Equities’s dividend payout ratio is 293.33%.

Analysts Set New Price Targets

A number of analysts have commented on ARE shares. Wedbush reiterated a “neutral” rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. JMP Securities reiterated a “market outperform” rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their target price for the stock from $135.00 to $112.00 in a research note on Friday, November 15th. Finally, Robert W. Baird lowered their price target on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $121.30.

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.