Gradient Investments LLC Has $12.56 Million Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Gradient Investments LLC boosted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 22.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 128,733 shares of the real estate investment trust’s stock after purchasing an additional 23,548 shares during the quarter. Gradient Investments LLC owned about 0.07% of Alexandria Real Estate Equities worth $12,558,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC lifted its holdings in Alexandria Real Estate Equities by 11,449.8% during 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 acquiring an additional 1,411,304 shares in the last quarter. National Bank of Canada FI raised its position in shares of Alexandria Real Estate Equities by 350.0% during the third quarter. National Bank of Canada FI now owns 341,357 shares of the real estate investment trust’s stock worth $40,536,000 after purchasing an additional 265,508 shares during the period. Raymond James & Associates lifted its holdings in shares of Alexandria Real Estate Equities by 501.1% during 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 in the last quarter. BNP Paribas Financial Markets grew its position in shares of Alexandria Real Estate Equities by 114.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 435,416 shares of the real estate investment trust’s stock valued at $51,706,000 after purchasing an additional 232,817 shares during the period. Finally, KBC Group NV increased its stake in 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 purchasing an additional 128,634 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Wedbush restated 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. 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 report on Friday, November 15th. JPMorgan Chase & Co. downgraded Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $133.00 to $121.00 in a report on Wednesday, November 27th. Evercore ISI cut their target price on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada decreased their target price 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 report on Tuesday, December 17th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of “Hold” and a consensus target price 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 one year low of $94.35 and a one year high of $130.14. The company has a market cap of $17.75 billion, a PE ratio of 61.92, a price-to-earnings-growth ratio of 3.85 and a beta of 1.16. The firm has a 50-day moving average of $102.21 and a 200-day moving average of $112.39. 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 Increases Dividend

The firm also recently disclosed 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 5.20%. This is a boost 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 dividend payout ratio (DPR) is presently 321.95%.

Alexandria Real Estate Equities announced that its board has initiated a share repurchase program on Monday, December 9th that authorizes the company to buyback $500.00 million in 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 programs are often an indication that the company’s board believes its stock is undervalued.

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.