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

Raleigh Capital Management Inc. grew its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 61.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. 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 filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. lifted its stake in Alexandria Real Estate Equities by 14.3% during the second quarter. American Century Companies Inc. now owns 57,773 shares of the real estate investment trust’s stock worth $6,758,000 after purchasing an additional 7,246 shares during the period. Pacer Advisors Inc. lifted its position in shares of Alexandria Real Estate Equities by 4.6% during the 2nd quarter. Pacer Advisors Inc. now owns 11,068 shares of the real estate investment trust’s stock worth $1,295,000 after buying an additional 490 shares during the period. Sei Investments Co. boosted its stake in Alexandria Real Estate Equities by 4.3% in the 2nd quarter. Sei Investments Co. now owns 14,095 shares of the real estate investment trust’s stock valued at $1,649,000 after buying an additional 581 shares in the last quarter. Ensign Peak Advisors Inc boosted its stake in Alexandria Real Estate Equities by 12.8% in the 2nd quarter. Ensign Peak Advisors Inc now owns 64,483 shares of the real estate investment trust’s stock valued at $7,543,000 after buying an additional 7,300 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in Alexandria Real Estate Equities by 11.0% during the second quarter. ProShare Advisors LLC now owns 29,192 shares of the real estate investment trust’s stock worth $3,415,000 after acquiring an additional 2,883 shares in the last quarter. 96.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Wedbush restated 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 note on Friday, December 6th. Robert W. Baird reduced their price target on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. JMP Securities dropped their price objective on shares of 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. Deutsche Bank Aktiengesellschaft downgraded 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. Finally, JPMorgan Chase & Co. cut Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $133.00 to $121.00 in a report on Wednesday, November 27th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $121.90.

Alexandria Real Estate Equities Stock Performance

ARE opened at $100.65 on Thursday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. The stock has a market cap of $17.59 billion, a price-to-earnings ratio of 61.37, a PEG ratio of 3.93 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 12-month low of $94.35 and a 12-month high of $130.14. The business has a 50 day moving average of $102.37 and a 200-day moving average of $112.48.

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

Alexandria Real Estate Equities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.25%. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Tuesday, December 31st. 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 buyback plan on Monday, December 9th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 2.7% of its shares through open market purchases. Shares repurchase plans 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.