Raleigh Capital Management Inc. Has $1.02 Million Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Raleigh Capital Management Inc. grew its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 61.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,403 shares of the real estate investment trust’s stock after buying an additional 3,951 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Alexandria Real Estate Equities were worth $1,015,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ARE. Pathway Financial Advisers LLC increased its stake in Alexandria Real Estate Equities by 11,449.8% in the third quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust’s stock valued at $169,056,000 after acquiring an additional 1,411,304 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of Alexandria Real Estate Equities by 350.0% in the 3rd quarter. National Bank of Canada FI now owns 341,357 shares of the real estate investment trust’s stock valued at $40,536,000 after purchasing an additional 265,508 shares in the last quarter. Raymond James & Associates increased its stake in shares of Alexandria Real Estate Equities by 501.1% in the 3rd quarter. Raymond James & Associates now owns 290,857 shares of the real estate investment trust’s stock valued at $34,539,000 after purchasing an additional 242,466 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Alexandria Real Estate Equities by 114.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 435,416 shares of the real estate investment trust’s stock worth $51,706,000 after buying an additional 232,817 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Alexandria Real Estate Equities by 315.9% during the 3rd quarter. KBC Group NV now owns 169,350 shares of the real estate investment trust’s stock worth $20,110,000 after buying an additional 128,634 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Down 2.1 %

Shares of NYSE:ARE opened at $100.65 on Thursday. The business has a fifty day simple moving average of $102.37 and a 200 day simple moving average of $112.48. Alexandria Real Estate Equities, Inc. has a 12-month low of $94.35 and a 12-month high of $130.14. The firm has a market cap of $17.59 billion, a P/E ratio of 61.37, a P/E/G ratio of 3.93 and a beta of 1.16. 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 (NYSE:ARE) last issued its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $766.97 million. During the same quarter last year, the business earned $2.26 earnings per share. Alexandria Real Estate Equities’s revenue was up 10.9% compared to the same quarter last year. Analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities announced that its board has authorized a stock buyback program on Monday, December 9th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the real estate investment trust to repurchase up to 2.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Alexandria Real Estate Equities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $1.32 per share. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. The ex-dividend date was Tuesday, December 31st. This represents a $5.28 annualized dividend and a yield of 5.25%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 321.95%.

Wall Street Analysts Forecast Growth

ARE has been the topic of a number of recent analyst reports. Wedbush reiterated 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 report on Friday, December 6th. JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $133.00 to $121.00 in a report on Wednesday, November 27th. BMO Capital Markets raised shares of Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their price target for the stock from $135.00 to $112.00 in a report on Friday, November 15th. Finally, Evercore ISI dropped their price target on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a research note on Wednesday, October 23rd. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities presently has a consensus rating of “Hold” and a consensus target price of $121.90.

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.