Virtu Financial LLC Purchases Shares of 2,322 Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Virtu Financial LLC acquired a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,322 shares of the real estate investment trust’s stock, valued at approximately $276,000.

Other institutional investors have also recently modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new position in shares of Alexandria Real Estate Equities in the third quarter worth $25,000. Ashton Thomas Securities LLC purchased a new stake in Alexandria Real Estate Equities during the 3rd quarter worth about $30,000. UMB Bank n.a. raised its stake in Alexandria Real Estate Equities by 132.8% in the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 154 shares during the last quarter. Rothschild Investment LLC purchased a new position in Alexandria Real Estate Equities in the 2nd quarter valued at about $33,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of 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 purchasing an additional 180 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Up 0.9 %

ARE opened at $102.33 on Wednesday. Alexandria Real Estate Equities, Inc. has a 1 year low of $100.40 and a 1 year high of $131.82. The firm has a 50 day moving average price of $111.00 and a 200 day moving average price of $115.66. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20. The company has a market cap of $17.88 billion, a PE ratio of 62.40, a price-to-earnings-growth ratio of 3.87 and a beta of 1.14.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($1.42). The business had revenue of $791.60 million during the quarter, compared to analyst estimates of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. Alexandria Real Estate Equities’s revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.26 EPS. Sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities announced that its Board of Directors has authorized a stock buyback program on Monday, December 9th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the real estate investment trust to buy up to 2.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Alexandria Real Estate Equities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $1.32 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. This represents a $5.28 annualized dividend and a yield of 5.16%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 321.95%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ARE shares. BMO Capital Markets raised shares of Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. 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 on the stock in a research note on Tuesday. Robert W. Baird lowered 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. Citigroup downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $130.00 to $125.00 in a research report on Friday, September 13th. Finally, Deutsche Bank Aktiengesellschaft cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their price target for the company from $135.00 to $112.00 in a report on Friday, November 15th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $124.82.

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.