Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Bought by Davis Selected Advisers

Davis Selected Advisers raised its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,197 shares of the real estate investment trust’s stock after acquiring an additional 8,140 shares during the quarter. Davis Selected Advisers owned 0.09% of Alexandria Real Estate Equities worth $14,652,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ARE. Catalyst Capital Advisors LLC acquired a new stake in Alexandria Real Estate Equities in the third quarter valued at approximately $25,000. Proficio Capital Partners LLC acquired a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth approximately $29,000. Ashton Thomas Securities LLC acquired a new stake in shares of Alexandria Real Estate Equities during the third quarter worth approximately $30,000. Venturi Wealth Management LLC grew its position in shares of Alexandria Real Estate Equities by 144.0% during the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 180 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Alexandria Real Estate Equities during the third quarter worth approximately $43,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

ARE stock opened at $102.50 on Friday. 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 stock has a market capitalization of $17.74 billion, a price-to-earnings ratio of 56.95, a PEG ratio of 3.93 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 1 year low of $93.25 and a 1 year high of $130.14. The stock’s fifty day moving average is $98.11 and its two-hundred day moving average is $107.97.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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, 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 authorized a share repurchase plan on Monday, December 9th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to purchase up to 2.7% of its stock through open market purchases. Stock buyback plans are typically an indication 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 paid a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities’s payout ratio is 293.33%.

Wall Street Analysts Forecast Growth

ARE has been the subject of a number of recent analyst reports. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their price target for the stock from $135.00 to $112.00 in a research report on Friday, November 15th. JMP Securities reissued 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. JPMorgan Chase & Co. downgraded shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $133.00 to $121.00 in a research report on Wednesday, November 27th. Finally, Wedbush restated a “neutral” rating and set a $104.00 price objective 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 assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $121.30.

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.