Gradient Investments LLC Purchases 23,548 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Gradient Investments LLC raised its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 22.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 128,733 shares of the real estate investment trust’s stock after purchasing an additional 23,548 shares during the period. Gradient Investments LLC’s holdings in Alexandria Real Estate Equities were worth $12,558,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC acquired a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new stake in Alexandria Real Estate Equities in the third quarter valued at approximately $30,000. Venturi Wealth Management LLC grew its stake in shares of 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 worth $36,000 after buying an additional 180 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Alexandria Real Estate Equities during the third quarter worth $43,000. Finally, M&R Capital Management Inc. bought a new position in shares of Alexandria Real Estate Equities in the 3rd quarter valued at $50,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ARE. JMP Securities reduced their price objective on 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 lowered shares of 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 reaffirmed an “outperform” rating and set a $110.00 price target (down previously from $120.00) on shares of Alexandria Real Estate Equities in a research note on Friday, December 6th. Robert W. Baird reduced their price objective on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Finally, Evercore ISI lowered their target price on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a research report on Wednesday, October 23rd. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $121.90.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $101.56 on Friday. Alexandria Real Estate Equities, Inc. has a 12 month low of $94.35 and a 12 month high of $130.14. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. The firm’s fifty day simple moving average is $102.21 and its two-hundred day simple moving average is $112.39. The stock has a market capitalization of $17.75 billion, a P/E ratio of 61.92, a price-to-earnings-growth ratio of 3.85 and a beta of 1.16.

Alexandria Real Estate Equities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. Alexandria Real Estate Equities’s payout ratio is presently 321.95%.

Alexandria Real Estate Equities declared that its Board of Directors has authorized a stock repurchase plan on Monday, December 9th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 2.7% of its stock through open market purchases. Stock buyback plans are usually a sign 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.