Oppenheimer Asset Management Inc. Sells 9,064 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Oppenheimer Asset Management Inc. decreased its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 32.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,686 shares of the real estate investment trust’s stock after selling 9,064 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Alexandria Real Estate Equities were worth $1,823,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ARE. Private Advisor Group LLC increased its position in shares of Alexandria Real Estate Equities by 5.1% during the third quarter. Private Advisor Group LLC now owns 2,651 shares of the real estate investment trust’s stock worth $315,000 after acquiring an additional 129 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Alexandria Real Estate Equities by 28.5% during the third quarter. Assenagon Asset Management S.A. now owns 3,162 shares of the real estate investment trust’s stock worth $375,000 after acquiring an additional 702 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Alexandria Real Estate Equities by 30.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,550 shares of the real estate investment trust’s stock worth $540,000 after purchasing an additional 1,062 shares during the last quarter. First Trust Direct Indexing L.P. boosted its holdings in Alexandria Real Estate Equities by 6.5% during the third quarter. First Trust Direct Indexing L.P. now owns 3,729 shares of the real estate investment trust’s stock worth $443,000 after purchasing an additional 228 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in Alexandria Real Estate Equities by 23.1% during the third quarter. US Bancorp DE now owns 20,470 shares of the real estate investment trust’s stock worth $2,431,000 after purchasing an additional 3,847 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. StockNews.com upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Friday. Wedbush restated a “neutral” rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their target price for the stock from $135.00 to $112.00 in a report on Friday, November 15th. JMP Securities restated a “market outperform” rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, Royal Bank of Canada cut their price target on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a research note on Tuesday, December 17th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $121.30.

Alexandria Real Estate Equities Stock Performance

NYSE ARE opened at $101.39 on Tuesday. The firm has a 50-day moving average of $97.94 and a 200-day moving average of $108.26. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. The stock has a market cap of $17.55 billion, a PE ratio of 56.33, a P/E/G ratio of 3.93 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 52-week low of $93.25 and a 52-week high of $130.14.

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

Alexandria Real Estate Equities declared that its board has approved a share repurchase program on Monday, December 9th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to repurchase up to 2.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.21%. Alexandria Real Estate Equities’s dividend payout ratio is presently 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.