Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Wealth Alliance

Wealth Alliance decreased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 54.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,632 shares of the real estate investment trust’s stock after selling 3,101 shares during the period. Wealth Alliance’s holdings in Alexandria Real Estate Equities were worth $257,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Catalyst Capital Advisors LLC acquired a new position in Alexandria Real Estate Equities in the 3rd quarter worth $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter valued at approximately $30,000. Venturi Wealth Management LLC boosted its position in Alexandria Real Estate Equities by 144.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 180 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Alexandria Real Estate Equities during the 3rd quarter valued at approximately $43,000. Finally, Spire Wealth Management boosted its position in Alexandria Real Estate Equities by 72.5% during the 4th quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 250 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analyst Ratings Changes

ARE has been the subject of a number of analyst reports. 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. Robert W. Baird reduced their price objective on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price objective for the company from $135.00 to $112.00 in a research report on Friday, November 15th. 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 for the company in a research report on Tuesday, December 17th. Finally, JMP Securities reiterated a “market outperform” rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Alexandria Real Estate Equities currently has an average rating of “Hold” and a consensus price target of $121.30.

Alexandria Real Estate Equities Trading Up 0.1 %

Shares of Alexandria Real Estate Equities stock opened at $95.59 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The firm has a market cap of $16.55 billion, a price-to-earnings ratio of 53.11, a price-to-earnings-growth ratio of 3.92 and a beta of 1.16. The business has a fifty day simple moving average of $97.99 and a 200-day simple moving average of $109.00. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $93.25 and a fifty-two week high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, beating 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%. On average, equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $1.32 per share. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. The ex-dividend date was Tuesday, December 31st. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.52%. Alexandria Real Estate Equities’s dividend payout ratio is currently 293.33%.

Alexandria Real Estate Equities announced that its board has initiated a share buyback plan on Monday, December 9th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to reacquire up to 2.7% of its shares through open market purchases. Shares repurchase plans are often a sign 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.