Mizuho Securities USA LLC Acquires 4,646 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Mizuho Securities USA LLC raised its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 46.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,741 shares of the real estate investment trust’s stock after purchasing an additional 4,646 shares during the quarter. Mizuho Securities USA LLC’s holdings in Alexandria Real Estate Equities were worth $1,438,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in shares of Alexandria Real Estate Equities by 57.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 109 shares during the last quarter. Callan Capital LLC raised its stake in shares of Alexandria Real Estate Equities by 1.3% in the fourth quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust’s stock worth $873,000 after acquiring an additional 111 shares during the last quarter. M&T Bank Corp lifted its position in shares of Alexandria Real Estate Equities by 0.7% during the fourth quarter. M&T Bank Corp now owns 19,478 shares of the real estate investment trust’s stock worth $1,901,000 after purchasing an additional 127 shares in the last quarter. Garland Capital Management Inc. grew its stake in shares of Alexandria Real Estate Equities by 0.6% during the fourth quarter. Garland Capital Management Inc. now owns 29,580 shares of the real estate investment trust’s stock valued at $2,886,000 after purchasing an additional 175 shares during the last quarter. Finally, Private Trust Co. NA increased its holdings in shares of Alexandria Real Estate Equities by 30.2% in the fourth quarter. Private Trust Co. NA now owns 776 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 180 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Down 1.6 %

Shares of NYSE ARE opened at $95.95 on Wednesday. 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 twelve month low of $93.25 and a twelve month high of $130.14. The company’s fifty day moving average is $98.27 and its 200-day moving average is $106.11. The stock has a market cap of $16.61 billion, a price-to-earnings ratio of 53.31, a P/E/G ratio of 3.93 and a beta of 1.17.

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 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 research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities announced that its Board of Directors has initiated a stock buyback program 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 buy up to 2.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership 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. Shareholders of record on Monday, March 31st will be issued a dividend of $1.32 per share. The ex-dividend date is Monday, March 31st. This represents a $5.28 annualized dividend and a yield of 5.50%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 293.33%.

Analyst Ratings Changes

A number of brokerages have commented on ARE. Wedbush reiterated a “neutral” rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. JMP Securities reiterated a “market outperform” rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. StockNews.com downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Monday, March 17th. 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 for the company. Finally, Royal Bank of Canada cut their price objective on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating on the stock in a report on Tuesday, December 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. 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 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.