Alexandria Real Estate Equities, Inc. (NYSE:ARE) Stock Position Raised by Leibman Financial Services Inc.

Leibman Financial Services Inc. raised its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 21.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,580 shares of the real estate investment trust’s stock after acquiring an additional 7,322 shares during the quarter. Alexandria Real Estate Equities makes up 3.0% of Leibman Financial Services Inc.’s portfolio, making the stock its 8th biggest holding. Leibman Financial Services Inc.’s holdings in Alexandria Real Estate Equities were worth $4,056,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wedbush reissued an “outperform” rating and issued a $110.00 target price (down from $120.00) on shares of Alexandria Real Estate Equities in a report on Friday, December 6th. JMP Securities decreased their price objective on shares of Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating on the stock in a research report on Friday, November 15th. JPMorgan Chase & Co. downgraded 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 report on Wednesday, November 27th. Royal Bank of Canada decreased their price target 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. Finally, Deutsche Bank Aktiengesellschaft lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $135.00 to $112.00 in a research note on Friday, November 15th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of “Hold” and an average price target of $121.90.

Alexandria Real Estate Equities Stock Up 2.9 %

NYSE ARE opened at $97.77 on Tuesday. The stock has a 50 day moving average price of $103.96 and a 200-day moving average price of $113.25. Alexandria Real Estate Equities, Inc. has a one year low of $94.35 and a one year high of $130.14. The company has a market capitalization of $17.09 billion, a P/E ratio of 59.62, a P/E/G ratio of 3.87 and a beta of 1.16. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates 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%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.26 earnings per share. As a group, equities analysts predict 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 announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $1.32 per share. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. The ex-dividend date is Tuesday, December 31st. This represents a $5.28 dividend on an annualized basis and a yield of 5.40%. Alexandria Real Estate Equities’s dividend payout ratio is presently 321.95%.

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

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.