Kovack Advisors Inc. Has $258,000 Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Kovack Advisors Inc. decreased its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 20.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,642 shares of the real estate investment trust’s stock after selling 688 shares during the quarter. Kovack Advisors Inc.’s holdings in Alexandria Real Estate Equities were worth $258,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC boosted its stake in Alexandria Real Estate Equities by 5.1% in the 3rd quarter. Private Advisor Group LLC now owns 2,651 shares of the real estate investment trust’s stock valued at $315,000 after purchasing an additional 129 shares during the period. Assenagon Asset Management S.A. increased its holdings in Alexandria Real Estate Equities by 28.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,162 shares of the real estate investment trust’s stock worth $375,000 after purchasing an additional 702 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Alexandria Real Estate Equities by 30.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,550 shares of the real estate investment trust’s stock worth $540,000 after purchasing an additional 1,062 shares in the last quarter. First Trust Direct Indexing L.P. increased its holdings in Alexandria Real Estate Equities by 6.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 3,729 shares of the real estate investment trust’s stock worth $443,000 after purchasing an additional 228 shares in the last quarter. Finally, US Bancorp DE increased its holdings in Alexandria Real Estate Equities by 23.1% in the 3rd quarter. US Bancorp DE now owns 20,470 shares of the real estate investment trust’s stock worth $2,431,000 after purchasing an additional 3,847 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE opened at $102.48 on Friday. The firm has a market cap of $17.74 billion, a PE ratio of 56.93, a price-to-earnings-growth ratio of 3.93 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $93.25 and a fifty-two week high of $130.14. 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 business has a 50 day moving average price of $97.89 and a 200-day moving average price of $108.39.

Alexandria Real Estate Equities (NYSE:ARE) last announced its 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 1.43% and a net margin of 10.36%. Equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities declared that its Board of Directors has authorized a stock repurchase 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 repurchase up to 2.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Alexandria Real Estate Equities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $1.32 per share. 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 5.15%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 293.33%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price target for the company from $135.00 to $112.00 in a research report on Friday, November 15th. JPMorgan Chase & Co. lowered 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 research report on Wednesday, November 27th. JMP Securities reissued a “market outperform” rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Robert W. Baird reduced 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 note on Friday, November 8th. Finally, Royal Bank of Canada dropped their target price on Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating on the stock in a report on Tuesday, December 17th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $121.30.

About Alexandria Real Estate Equities

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.