Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Bought by Benjamin Edwards Inc.

Benjamin Edwards Inc. lifted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 64,160.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,213 shares of the real estate investment trust’s stock after buying an additional 3,208 shares during the period. Benjamin Edwards Inc.’s holdings in Alexandria Real Estate Equities were worth $382,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ARE. Cetera Investment Advisers lifted its holdings in Alexandria Real Estate Equities by 106.2% in the first quarter. Cetera Investment Advisers now owns 16,767 shares of the real estate investment trust’s stock valued at $2,162,000 after acquiring an additional 8,637 shares during the period. Cetera Advisors LLC purchased a new position in shares of Alexandria Real Estate Equities in the 1st quarter valued at about $485,000. CWM LLC lifted its stake in shares of Alexandria Real Estate Equities by 5.7% in the second quarter. CWM LLC now owns 4,522 shares of the real estate investment trust’s stock valued at $529,000 after purchasing an additional 242 shares during the period. Czech National Bank boosted its holdings in Alexandria Real Estate Equities by 8.3% during the second quarter. Czech National Bank now owns 29,993 shares of the real estate investment trust’s stock worth $3,508,000 after buying an additional 2,286 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Alexandria Real Estate Equities by 38.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,488 shares of the real estate investment trust’s stock worth $408,000 after buying an additional 968 shares during the period. 96.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ARE has been the subject of a number of research reports. Citigroup downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their price target for the company from $130.00 to $125.00 in a research report on Friday, September 13th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $125.00 price objective (down from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday, October 24th. Robert W. Baird lowered their target price on 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 cut their price target 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, JPMorgan Chase & Co. cut shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $133.00 to $121.00 in a research note on Wednesday, November 27th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $125.82.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE ARE opened at $106.76 on Tuesday. The company has a 50-day simple moving average of $112.48 and a 200-day simple moving average of $116.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. The company has a market cap of $18.66 billion, a PE ratio of 65.10, a price-to-earnings-growth ratio of 3.89 and a beta of 1.15. Alexandria Real Estate Equities, Inc. has a 12 month low of $102.89 and a 12 month high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results 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). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The business had revenue of $791.60 million during the quarter, compared to analyst estimates of $766.97 million. During the same quarter last year, the firm posted $2.26 earnings per share. The company’s revenue was up 10.9% on a year-over-year basis. On average, equities analysts anticipate 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 will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 4.95%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 317.07%.

Alexandria Real Estate Equities declared that its board has approved a share buyback plan 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 shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

About Alexandria Real Estate Equities

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.