7,342 Shares in Alexandria Real Estate Equities, Inc. (NYSE:ARE) Acquired by Abel Hall LLC

Abel Hall LLC purchased a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the fourth quarter, Holdings Channel.com reports. The fund purchased 7,342 shares of the real estate investment trust’s stock, valued at approximately $716,000.

Several other institutional investors have also recently bought and sold shares of the business. Forsta AP Fonden increased its position in Alexandria Real Estate Equities by 6.4% in the 4th quarter. Forsta AP Fonden now owns 36,400 shares of the real estate investment trust’s stock valued at $3,551,000 after acquiring an additional 2,200 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Alexandria Real Estate Equities by 1.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 100,964 shares of the real estate investment trust’s stock valued at $9,849,000 after purchasing an additional 1,758 shares during the last quarter. Vert Asset Management LLC increased its holdings in shares of Alexandria Real Estate Equities by 13.8% in the fourth quarter. Vert Asset Management LLC now owns 69,445 shares of the real estate investment trust’s stock valued at $6,774,000 after purchasing an additional 8,435 shares in the last quarter. Cascade Investment Advisors Inc. raised its position in Alexandria Real Estate Equities by 12.7% in the 4th quarter. Cascade Investment Advisors Inc. now owns 11,355 shares of the real estate investment trust’s stock worth $1,108,000 after purchasing an additional 1,280 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in Alexandria Real Estate Equities by 12.4% during the 4th quarter. Pacer Advisors Inc. now owns 13,077 shares of the real estate investment trust’s stock worth $1,276,000 after buying an additional 1,440 shares in the last quarter. Institutional investors own 96.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. StockNews.com downgraded Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Wednesday. Evercore ISI dropped their price objective on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a report on Wednesday, October 23rd. JMP Securities reaffirmed a “market outperform” rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday. Robert W. Baird dropped their price target on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. cut shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $133.00 to $121.00 in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Alexandria Real Estate Equities has an average rating of “Hold” and an average target price of $121.30.

Alexandria Real Estate Equities Trading Down 1.3 %

ARE opened at $95.98 on Thursday. The stock has a market capitalization of $16.77 billion, a P/E ratio of 58.52, a P/E/G ratio of 3.85 and a beta of 1.16. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. Alexandria Real Estate Equities, Inc. has a 12 month low of $94.35 and a 12 month high of $130.14. The firm’s fifty day simple moving average is $101.92 and its 200 day simple moving average is $111.87.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. As a group, research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities announced that its Board of Directors has initiated a share buyback plan on Monday, December 9th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to purchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Alexandria Real Estate Equities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $1.32 per share. 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 5.50%. The ex-dividend date was Tuesday, December 31st. Alexandria Real Estate Equities’s dividend payout ratio is 321.95%.

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.