Barclays PLC Has $38.75 Million Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Barclays PLC lowered its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 3.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 326,338 shares of the real estate investment trust’s stock after selling 12,654 shares during the period. Barclays PLC’s holdings in Alexandria Real Estate Equities were worth $38,754,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARE. MML Investors Services LLC raised its holdings in Alexandria Real Estate Equities by 217.9% during the third quarter. MML Investors Services LLC now owns 20,087 shares of the real estate investment trust’s stock valued at $2,385,000 after buying an additional 13,769 shares in the last quarter. Kensington Investment Counsel LLC acquired a new position in shares of Alexandria Real Estate Equities during the 3rd quarter valued at about $240,000. Main Management ETF Advisors LLC bought a new position in shares of Alexandria Real Estate Equities in the 3rd quarter valued at approximately $829,000. XTX Topco Ltd lifted its holdings in Alexandria Real Estate Equities by 16.0% in the 3rd quarter. XTX Topco Ltd now owns 5,800 shares of the real estate investment trust’s stock worth $689,000 after purchasing an additional 798 shares during the last quarter. Finally, National Bank of Canada FI boosted its position in Alexandria Real Estate Equities by 350.0% during the third quarter. National Bank of Canada FI now owns 341,357 shares of the real estate investment trust’s stock worth $40,536,000 after purchasing an additional 265,508 shares during the period. Institutional investors own 96.54% of the company’s stock.

Wall Street Analysts Forecast Growth

ARE has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price target for the company from $135.00 to $112.00 in a research report on Friday, November 15th. Citigroup downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $130.00 to $125.00 in a report on Friday, September 13th. JMP Securities lowered their price target on Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating on the stock in a research report on Friday, November 15th. Evercore ISI cut their price objective on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a research report on Wednesday, October 23rd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $110.00 target price (down previously from $120.00) on shares of Alexandria Real Estate Equities in a report on Friday, December 6th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of “Hold” and an average price target of $125.82.

Alexandria Real Estate Equities Price Performance

ARE opened at $102.67 on Friday. The company has a market capitalization of $17.94 billion, a P/E ratio of 62.60, a P/E/G ratio of 3.87 and a beta of 1.14. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. The firm’s fifty day moving average price is $111.47 and its two-hundred day moving average price is $115.88. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $101.39 and a fifty-two week high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The business had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. During the same period in the previous year, the firm earned $2.26 EPS. The business’s revenue was up 10.9% compared to the same quarter last year. On average, analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 5.14%. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 317.07%.

Alexandria Real Estate Equities declared that its board has initiated a stock repurchase 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 repurchase up to 2.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

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.