OFI Invest Asset Management Invests $806,000 in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

OFI Invest Asset Management purchased a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,554 shares of the real estate investment trust’s stock, valued at approximately $806,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Amundi boosted its position in Alexandria Real Estate Equities by 8.8% during the fourth quarter. Amundi now owns 876,650 shares of the real estate investment trust’s stock valued at $85,417,000 after purchasing an additional 70,553 shares in the last quarter. Davis Selected Advisers boosted its position in Alexandria Real Estate Equities by 5.7% during the fourth quarter. Davis Selected Advisers now owns 150,197 shares of the real estate investment trust’s stock valued at $14,652,000 after purchasing an additional 8,140 shares in the last quarter. Candriam S.C.A. boosted its position in Alexandria Real Estate Equities by 1.9% during the fourth quarter. Candriam S.C.A. now owns 21,592 shares of the real estate investment trust’s stock valued at $2,106,000 after purchasing an additional 395 shares in the last quarter. Carmel Capital Partners LLC boosted its position in Alexandria Real Estate Equities by 18.4% during the fourth quarter. Carmel Capital Partners LLC now owns 3,795 shares of the real estate investment trust’s stock valued at $370,000 after purchasing an additional 589 shares in the last quarter. Finally, Washington Trust Advisors Inc. boosted its position in Alexandria Real Estate Equities by 57.6% during the fourth quarter. Washington Trust Advisors Inc. now owns 74,055 shares of the real estate investment trust’s stock valued at $7,224,000 after purchasing an additional 27,051 shares in the last quarter. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Up 2.7 %

Shares of NYSE:ARE opened at $102.50 on Monday. Alexandria Real Estate Equities, Inc. has a 52-week low of $93.25 and a 52-week high of $130.14. The stock has a market cap of $17.74 billion, a price-to-earnings ratio of 56.95, a PEG ratio of 3.93 and a beta of 1.17. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The business has a 50-day moving average price of $98.11 and a 200-day moving average price of $107.87.

Alexandria Real Estate Equities (NYSE:ARE) last announced 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 predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 5.15%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities’s payout ratio is 293.33%.

Alexandria Real Estate Equities declared that its Board of Directors has authorized a stock repurchase plan on Monday, December 9th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the real estate investment trust to purchase up to 2.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ARE shares. JMP Securities reaffirmed 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. Deutsche Bank Aktiengesellschaft downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price objective for the company from $135.00 to $112.00 in a research report on Friday, November 15th. 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 report on Tuesday, December 17th. Wedbush reiterated a “neutral” rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Finally, StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Alexandria Real Estate Equities presently has a consensus rating of “Hold” and an average price target of $121.30.

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.