Copley Financial Group Inc. Takes $420,000 Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Copley Financial Group Inc. acquired a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,540 shares of the real estate investment trust’s stock, valued at approximately $420,000.

Other large investors also recently made changes to their positions in the company. CIBC Asset Management Inc lifted its holdings in Alexandria Real Estate Equities by 67.3% in the 3rd quarter. CIBC Asset Management Inc now owns 37,276 shares of the real estate investment trust’s stock worth $4,427,000 after purchasing an additional 14,992 shares during the last quarter. Pathway Financial Advisers LLC lifted its stake in shares of 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 worth $169,056,000 after buying an additional 1,411,304 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of Alexandria Real Estate Equities by 10.0% during the 3rd quarter. Natixis Advisors LLC now owns 120,098 shares of the real estate investment trust’s stock worth $14,262,000 after buying an additional 10,917 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Alexandria Real Estate Equities by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,450,902 shares of the real estate investment trust’s stock valued at $291,045,000 after buying an additional 72,934 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in Alexandria Real Estate Equities by 117.7% in the 2nd quarter. National Bank of Canada FI now owns 75,849 shares of the real estate investment trust’s stock worth $8,784,000 after acquiring an additional 41,002 shares during the period. Institutional investors own 96.54% of the company’s stock.

Analysts Set New Price Targets

ARE has been the topic of several research analyst reports. BMO Capital Markets raised Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $125.00 target price (down previously from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday, October 24th. JMP Securities cut their price target on Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating for the company in a report on Friday, November 15th. Citigroup downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $130.00 to $125.00 in a research note on Friday, September 13th. Finally, JPMorgan Chase & Co. lowered 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 research report on Wednesday, November 27th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Alexandria Real Estate Equities currently has an average rating of “Hold” and an average price target of $125.82.

Alexandria Real Estate Equities Price Performance

NYSE ARE traded down $0.65 on Friday, reaching $102.02. The company’s stock had a trading volume of 121,344 shares, compared to its average volume of 1,006,799. Alexandria Real Estate Equities, Inc. has a 52 week low of $101.74 and a 52 week high of $135.45. 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 has a market cap of $17.83 billion, a PE ratio of 62.60, a price-to-earnings-growth ratio of 3.87 and a beta of 1.14. The business has a 50-day moving average price of $111.71 and a 200 day moving average price of $115.99.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($1.42). The company had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.26 earnings per share. Sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 5.18%. The ex-dividend date is 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 currently 317.07%.

Alexandria Real Estate Equities declared that its Board of Directors has initiated a stock repurchase plan 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 purchase up to 2.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is 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.