Inspire Investing LLC Cuts Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Inspire Investing LLC cut its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,121 shares of the real estate investment trust’s stock after selling 800 shares during the quarter. Inspire Investing LLC’s holdings in Alexandria Real Estate Equities were worth $1,768,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ARE. Catalyst Capital Advisors LLC purchased a new position in shares of Alexandria Real Estate Equities in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter worth approximately $30,000. Venturi Wealth Management LLC boosted its holdings in shares of Alexandria Real Estate Equities by 144.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 180 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Alexandria Real Estate Equities in the 3rd quarter valued at $43,000. Finally, M&R Capital Management Inc. acquired a new stake in Alexandria Real Estate Equities during the 3rd quarter worth $50,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Down 2.1 %

Shares of Alexandria Real Estate Equities stock opened at $100.65 on Thursday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. The firm has a market cap of $17.59 billion, a PE ratio of 61.37, a P/E/G ratio of 3.93 and a beta of 1.16. The business’s fifty day moving average is $102.37 and its two-hundred day moving average is $112.48. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $94.35 and a fifty-two week high of $130.14.

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

Alexandria Real Estate Equities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $1.32 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. This represents a $5.28 annualized dividend and a dividend yield of 5.25%. Alexandria Real Estate Equities’s dividend payout ratio is 321.95%.

Alexandria Real Estate Equities declared that its board has approved a share buyback program on Monday, December 9th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the real estate investment trust to repurchase up to 2.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. JMP Securities dropped their price objective on Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating on the stock in a report on Friday, November 15th. BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Wedbush reissued an “outperform” rating and issued a $110.00 price objective (down from $120.00) on shares of Alexandria Real Estate Equities in a report on Friday, December 6th. JPMorgan Chase & Co. cut shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and cut their target price for the company from $133.00 to $121.00 in a report on Wednesday, November 27th. Finally, Robert W. Baird lowered their price objective on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Alexandria Real Estate Equities presently has an average rating of “Hold” and a consensus target price of $121.90.

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.