13,221 Shares in Alexandria Real Estate Equities, Inc. (NYSE:ARE) Bought by Oak Thistle LLC

Oak Thistle LLC bought a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,221 shares of the real estate investment trust’s stock, valued at approximately $1,290,000.

Other hedge funds have also bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new position in shares of Alexandria Real Estate Equities during the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new stake in Alexandria Real Estate Equities during the 3rd quarter worth approximately $30,000. Venturi Wealth Management LLC lifted its holdings 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 position in shares of Alexandria Real Estate Equities in the third quarter worth approximately $43,000. Finally, M&R Capital Management Inc. bought a new position in shares of Alexandria Real Estate Equities in the third quarter worth approximately $50,000. Institutional investors own 96.54% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. 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. Deutsche Bank Aktiengesellschaft cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their price target for the company from $135.00 to $112.00 in a report on Friday, November 15th. Wedbush reaffirmed an “outperform” rating and issued a $110.00 price objective (down previously from $120.00) on shares of Alexandria Real Estate Equities in a research note on Friday, December 6th. BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. cut Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $133.00 to $121.00 in a report on Wednesday, November 27th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $121.90.

Alexandria Real Estate Equities Stock Up 0.1 %

Shares of ARE opened at $97.77 on Wednesday. Alexandria Real Estate Equities, Inc. has a 1 year low of $94.35 and a 1 year high of $130.14. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. The business’s 50 day simple moving average is $103.64 and its 200-day simple moving average is $113.11. The stock has a market capitalization of $17.09 billion, a price-to-earnings ratio of 59.62, a price-to-earnings-growth ratio of 3.87 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results 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). Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The company had revenue of $791.60 million during the quarter, compared to analysts’ expectations of $766.97 million. During the same quarter in the prior year, the business posted $2.26 EPS. The company’s revenue was up 10.9% on a year-over-year basis. As a group, equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders 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 of this dividend 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 payout ratio is 321.95%.

Alexandria Real Estate Equities declared that its Board of Directors has approved a share buyback program on Monday, December 9th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 2.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors 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.