Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Purchased by Ieq Capital LLC

Ieq Capital LLC lifted its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 354.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,164 shares of the real estate investment trust’s stock after purchasing an additional 28,199 shares during the period. Ieq Capital LLC’s holdings in Alexandria Real Estate Equities were worth $3,528,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC acquired a new position in shares of Alexandria Real Estate Equities in the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC acquired a new position in Alexandria Real Estate Equities during the 3rd quarter worth approximately $30,000. Venturi Wealth Management LLC grew its holdings 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 worth $36,000 after acquiring an additional 180 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Alexandria Real Estate Equities during the 3rd quarter worth approximately $43,000. Finally, Loomis Sayles & Co. L P grew its holdings in Alexandria Real Estate Equities by 3,129.4% during the 3rd quarter. Loomis Sayles & Co. L P now owns 549 shares of the real estate investment trust’s stock worth $65,000 after acquiring an additional 532 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wedbush reiterated a “neutral” rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Royal Bank of Canada lowered their price target on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a report on Tuesday, December 17th. StockNews.com cut shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Thursday. JMP Securities reiterated a “market outperform” rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $135.00 to $112.00 in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Alexandria Real Estate Equities currently has an average rating of “Hold” and an average target price of $121.30.

Alexandria Real Estate Equities Stock Up 0.1 %

ARE stock opened at $95.59 on Friday. The company has a fifty day moving average price of $97.85 and a 200 day moving average price of $108.88. Alexandria Real Estate Equities, Inc. has a 12 month low of $93.25 and a 12 month high of $130.14. The company has a market cap of $16.55 billion, a price-to-earnings ratio of 53.11, a price-to-earnings-growth ratio of 3.93 and a beta of 1.16. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly 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 net margin of 10.36% and a return on equity of 1.43%. Sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities announced that its board has approved a stock repurchase plan 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 plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Alexandria Real Estate Equities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $1.32 dividend. This is an increase 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 annualized dividend and a yield of 5.52%. Alexandria Real Estate Equities’s dividend payout ratio is 293.33%.

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.