Arbor Capital Management Inc. ADV Raises Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Arbor Capital Management Inc. ADV boosted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 12.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,637 shares of the real estate investment trust’s stock after buying an additional 1,163 shares during the quarter. Arbor Capital Management Inc. ADV’s holdings in Alexandria Real Estate Equities were worth $1,030,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Nicholas Company Inc. purchased a new position in Alexandria Real Estate Equities in the 4th quarter valued at about $3,996,000. Envestnet Portfolio Solutions Inc. lifted its stake in Alexandria Real Estate Equities by 36.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 21,580 shares of the real estate investment trust’s stock valued at $2,105,000 after buying an additional 5,722 shares in the last quarter. Hutchinson Capital Management CA lifted its stake in Alexandria Real Estate Equities by 25.0% in the 4th quarter. Hutchinson Capital Management CA now owns 108,618 shares of the real estate investment trust’s stock valued at $10,596,000 after buying an additional 21,703 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new position in Alexandria Real Estate Equities in the 4th quarter valued at about $213,000. Finally, Hilton Capital Management LLC lifted its stake in Alexandria Real Estate Equities by 4.6% in the 4th quarter. Hilton Capital Management LLC now owns 9,204 shares of the real estate investment trust’s stock valued at $898,000 after buying an additional 404 shares in the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ARE shares. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Wedbush reissued a “neutral” rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. Royal Bank of Canada decreased their target price on shares of 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, JMP Securities reissued 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. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $121.30.

Alexandria Real Estate Equities Stock Up 2.7 %

Alexandria Real Estate Equities stock opened at $99.30 on Monday. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $93.25 and a fifty-two week high of $130.14. 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 firm has a 50 day moving average price of $98.24 and a 200 day moving average price of $107.13. The company has a market capitalization of $17.19 billion, a PE ratio of 55.17, a price-to-earnings-growth 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, beating the consensus estimate 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%. Research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $1.32 dividend. The ex-dividend date is Monday, March 31st. This represents a $5.28 annualized dividend and a dividend yield of 5.32%. 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 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 reacquire up to 2.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership 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.