Zions Bancorporation N.A. Increases Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Zions Bancorporation N.A. raised its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 67.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,530 shares of the real estate investment trust’s stock after purchasing an additional 20,276 shares during the period. Zions Bancorporation N.A.’s holdings in Alexandria Real Estate Equities were worth $4,929,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in shares of Alexandria Real Estate Equities by 57.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 109 shares during the last quarter. Callan Capital LLC raised its holdings in shares of Alexandria Real Estate Equities by 1.3% during the fourth quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust’s stock valued at $873,000 after acquiring an additional 111 shares in the last quarter. Capital Square LLC lifted its stake in 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 worth $690,000 after acquiring an additional 118 shares during the period. M&T Bank Corp increased its position in Alexandria Real Estate Equities by 0.7% during the 4th quarter. M&T Bank Corp now owns 19,478 shares of the real estate investment trust’s stock valued at $1,901,000 after purchasing an additional 127 shares during the period. Finally, Garland Capital Management Inc. raised its holdings in Alexandria Real Estate Equities by 0.6% in the 4th quarter. Garland Capital Management Inc. now owns 29,580 shares of the real estate investment trust’s stock worth $2,886,000 after purchasing an additional 175 shares in the last quarter. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $97.58 on Tuesday. The business has a fifty day moving average price of $98.31 and a 200-day moving average price of $106.25. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The company has a market capitalization of $16.89 billion, a PE ratio of 54.21, a PEG ratio of 3.93 and a beta of 1.17. Alexandria Real Estate Equities, Inc. has a 1-year low of $93.25 and a 1-year high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data 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%. As a group, equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

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

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a yield of 5.41%. Alexandria Real Estate Equities’s payout ratio is currently 293.33%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Jefferies Financial Group began coverage on shares of Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a “hold” rating and a $100.00 price target on the stock. JPMorgan Chase & Co. downgraded Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $133.00 to $121.00 in a report on Wednesday, November 27th. JMP Securities restated a “market outperform” rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Royal Bank of Canada reduced their price target on 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, StockNews.com lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Monday, March 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $118.60.

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.