Leibman Financial Services Inc. Boosts Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Leibman Financial Services Inc. grew its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 21.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 41,580 shares of the real estate investment trust’s stock after acquiring an additional 7,322 shares during the period. Alexandria Real Estate Equities comprises 3.0% of Leibman Financial Services Inc.’s holdings, making the stock its 8th largest holding. Leibman Financial Services Inc.’s holdings in Alexandria Real Estate Equities were worth $4,056,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ARE. CIBC Asset Management Inc grew its holdings in Alexandria Real Estate Equities by 67.3% during 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 acquiring an additional 14,992 shares during the period. Fulton Bank N.A. grew its stake in Alexandria Real Estate Equities by 77.7% during the fourth quarter. Fulton Bank N.A. now owns 16,165 shares of the real estate investment trust’s stock worth $1,577,000 after purchasing an additional 7,070 shares during the period. Pathway Financial Advisers LLC increased its holdings 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 worth $169,056,000 after purchasing an additional 1,411,304 shares in the last quarter. Natixis Advisors LLC lifted its stake in Alexandria Real Estate Equities by 10.0% in the third quarter. Natixis Advisors LLC now owns 120,098 shares of the real estate investment trust’s stock valued at $14,262,000 after buying an additional 10,917 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Alexandria Real Estate Equities by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,450,902 shares of the real estate investment trust’s stock worth $291,045,000 after buying an additional 72,934 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Up 2.9 %

Shares of NYSE:ARE opened at $97.77 on Tuesday. The company has a market cap of $17.09 billion, a PE ratio of 59.62, a P/E/G ratio of 3.87 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 1 year low of $94.35 and a 1 year high of $130.14. The stock’s 50-day moving average is $103.96 and its 200 day moving average is $113.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $766.97 million. During the same period in the previous year, the company earned $2.26 earnings per share. Alexandria Real Estate Equities’s quarterly revenue was up 10.9% on a year-over-year basis. Sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 5.40%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. The ex-dividend date is Tuesday, December 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 321.95%.

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

Wall Street Analyst Weigh In

Several research firms have weighed in on ARE. Royal Bank of Canada decreased their price target on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a research note on Tuesday, December 17th. JMP Securities reduced their price objective on Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating for the company in a research note on Friday, November 15th. Robert W. Baird lowered 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 report on Friday, November 8th. Evercore ISI lowered their price objective 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. Finally, Wedbush reaffirmed an “outperform” rating and set a $110.00 price objective (down from $120.00) on shares of Alexandria Real Estate Equities in a report on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $121.90.

Alexandria Real Estate Equities 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.