Morgan Dempsey Capital Management LLC Makes New $3.42 Million Investment in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Morgan Dempsey Capital Management LLC purchased a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 34,588 shares of the real estate investment trust’s stock, valued at approximately $3,420,000.

A number of other hedge funds have also modified their holdings of ARE. Private Advisor Group LLC boosted its position in shares of Alexandria Real Estate Equities by 5.1% in the third quarter. Private Advisor Group LLC now owns 2,651 shares of the real estate investment trust’s stock worth $315,000 after purchasing an additional 129 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Alexandria Real Estate Equities by 28.5% in the third 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 during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Alexandria Real Estate Equities by 30.4% in the third 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 during the period. First Trust Direct Indexing L.P. boosted its position in shares of Alexandria Real Estate Equities by 6.5% in the third 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 during the period. Finally, US Bancorp DE boosted its position in shares of Alexandria Real Estate Equities by 23.1% in the third 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 during the period. 96.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. JMP Securities restated a “market outperform” rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $133.00 to $121.00 in a research report on Wednesday, November 27th. Robert W. Baird dropped their target price on shares of 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. StockNews.com upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Wedbush restated a “neutral” rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $121.30.

Alexandria Real Estate Equities Price Performance

Alexandria Real Estate Equities stock opened at $102.48 on Friday. The company has a market cap of $17.74 billion, a price-to-earnings ratio of 56.93, a PEG ratio of 3.93 and a beta of 1.16. The firm’s fifty day moving average is $97.89 and its 200 day moving average is $108.39. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a 52-week low of $93.25 and a 52-week high of $130.14.

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%. Sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities announced that its Board of Directors has authorized a stock 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 buy up to 2.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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 represents a $5.28 annualized dividend and a dividend yield of 5.15%. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. Alexandria Real Estate Equities’s dividend payout ratio is currently 293.33%.

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.