OVERSEA CHINESE BANKING Corp Ltd Reduces Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

OVERSEA CHINESE BANKING Corp Ltd reduced its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 45.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,052 shares of the real estate investment trust’s stock after selling 12,599 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Alexandria Real Estate Equities were worth $1,468,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ARE. Intech Investment Management LLC acquired a new position in shares of Alexandria Real Estate Equities in the 4th quarter valued at $360,000. Generali Asset Management SPA SGR acquired a new position in Alexandria Real Estate Equities during the fourth quarter worth $217,000. Thrivent Financial for Lutherans raised its position in Alexandria Real Estate Equities by 1.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 619,715 shares of the real estate investment trust’s stock worth $60,453,000 after acquiring an additional 10,158 shares during the period. Cibc World Markets Corp raised its position in Alexandria Real Estate Equities by 12.0% during the fourth quarter. Cibc World Markets Corp now owns 69,861 shares of the real estate investment trust’s stock worth $6,815,000 after acquiring an additional 7,465 shares during the period. Finally, Arbor Capital Management Inc. ADV raised its position in Alexandria Real Estate Equities by 12.3% during the fourth quarter. Arbor Capital Management Inc. ADV now owns 10,637 shares of the real estate investment trust’s stock worth $1,030,000 after acquiring an additional 1,163 shares during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. 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 for the company in a research report on Tuesday, December 17th. StockNews.com cut shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Monday. Wedbush restated a “neutral” rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $133.00 to $121.00 in a report on Wednesday, November 27th. Finally, Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a report on Monday. They set a “hold” rating and a $100.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of “Hold” and an average target price of $118.60.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE opened at $97.64 on Thursday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $93.25 and a fifty-two week high of $130.14. The stock has a market cap of $16.90 billion, a PE ratio of 54.24, a price-to-earnings-growth ratio of 3.93 and a beta of 1.17. The firm’s fifty day simple moving average is $98.30 and its 200-day simple moving average is $106.78.

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

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 5.41%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 293.33%.

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

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.