Edgemoor Investment Advisors Inc. Cuts Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Edgemoor Investment Advisors Inc. reduced its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,928 shares of the real estate investment trust’s stock after selling 5,767 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in Alexandria Real Estate Equities were worth $5,651,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Fulton Bank N.A. lifted its holdings in Alexandria Real Estate Equities by 77.7% in the fourth quarter. Fulton Bank N.A. now owns 16,165 shares of the real estate investment trust’s stock worth $1,577,000 after acquiring an additional 7,070 shares during the last quarter. Hahn Capital Management LLC increased its holdings in shares of Alexandria Real Estate Equities by 50.4% in the fourth quarter. Hahn Capital Management LLC now owns 68,370 shares of the real estate investment trust’s stock valued at $6,669,000 after buying an additional 22,926 shares in the last quarter. CCLA Investment Management raised its stake in Alexandria Real Estate Equities by 4.0% during the 4th quarter. CCLA Investment Management now owns 841,435 shares of the real estate investment trust’s stock valued at $82,023,000 after purchasing an additional 32,367 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in Alexandria Real Estate Equities by 5.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,541 shares of the real estate investment trust’s stock valued at $88,140,000 after purchasing an additional 42,825 shares during the period. Finally, CIBC Asset Management Inc raised its stake in Alexandria Real Estate Equities by 67.3% during the 3rd quarter. CIBC Asset Management Inc now owns 37,276 shares of the real estate investment trust’s stock valued at $4,427,000 after purchasing an additional 14,992 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ARE has been the topic of a number of research reports. 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 reaffirmed a “neutral” rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. JPMorgan Chase & Co. downgraded shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. JMP Securities reaffirmed a “market outperform” rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada dropped their price target 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. Ten equities research analysts have rated the stock with 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 presently has a consensus rating of “Hold” and a consensus target price of $121.30.

Alexandria Real Estate Equities Trading Up 2.7 %

Shares of NYSE:ARE opened at $99.30 on Monday. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a 1 year low of $93.25 and a 1 year high of $130.14. The firm has a fifty day moving average price of $98.24 and a 200 day moving average price of $107.13. The stock has a market capitalization of $17.19 billion, a PE ratio of 55.17, a P/E/G ratio of 3.93 and a beta of 1.17.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly 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 net margin of 10.36% and a return on equity of 1.43%. Analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date of this dividend is Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 293.33%.

Alexandria Real Estate Equities declared that its Board of Directors has approved a share buyback plan 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 reacquire up to 2.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Alexandria Real Estate Equities 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.