Inspire Trust Co. N.A. Increases Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Inspire Trust Co. N.A. raised its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 17.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,000 shares of the real estate investment trust’s stock after acquiring an additional 1,500 shares during the quarter. Inspire Trust Co. N.A.’s holdings in Alexandria Real Estate Equities were worth $1,188,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of ARE. Catalyst Capital Advisors LLC purchased a new position in Alexandria Real Estate Equities during the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new position in shares of Alexandria Real Estate Equities during the third quarter valued at approximately $30,000. UMB Bank n.a. raised its holdings in shares of Alexandria Real Estate Equities by 132.8% during the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 154 shares in the last quarter. Rothschild Investment LLC purchased a new stake in Alexandria Real Estate Equities in the second quarter worth $33,000. Finally, Venturi Wealth Management LLC lifted its stake in Alexandria Real Estate Equities by 144.0% in the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 180 shares during the period. 96.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $133.00 to $121.00 in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their target price for the stock from $135.00 to $112.00 in a report on Friday, November 15th. Wedbush restated an “outperform” rating and issued a $110.00 target price (down previously from $120.00) on shares of Alexandria Real Estate Equities in a research note on Friday, December 6th. BMO Capital Markets raised Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Finally, Robert W. Baird decreased their price objective on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $125.82.

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE opened at $102.66 on Friday. The company has a 50 day moving average of $111.71 and a 200 day moving average of $115.99. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. Alexandria Real Estate Equities, Inc. has a twelve month low of $102.56 and a twelve month high of $135.45. The firm has a market cap of $17.94 billion, a P/E ratio of 62.60, a PEG 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 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 the consensus estimate 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 quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.26 earnings per share. As a group, research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 5.14%. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Tuesday, December 31st. Alexandria Real Estate Equities’s dividend payout ratio is presently 317.07%.

Alexandria Real Estate Equities declared that its board has authorized a share repurchase 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 reacquire up to 2.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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.