Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Inspire Investing LLC

Inspire Investing LLC reduced its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 4.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 18,121 shares of the real estate investment trust’s stock after selling 800 shares during the quarter. Inspire Investing LLC’s holdings in Alexandria Real Estate Equities were worth $1,768,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Presima Securities ULC boosted its position in shares of Alexandria Real Estate Equities by 0.9% in the third quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust’s stock worth $1,392,000 after buying an additional 100 shares during the period. Capital Square LLC boosted its stake in shares of Alexandria Real Estate Equities by 2.1% during the 3rd quarter. Capital Square LLC now owns 5,811 shares of the real estate investment trust’s stock valued at $690,000 after buying an additional 118 shares during the period. Private Advisor Group LLC raised its holdings in shares of Alexandria Real Estate Equities by 5.1% during the third quarter. Private Advisor Group LLC now owns 2,651 shares of the real estate investment trust’s stock worth $315,000 after acquiring an additional 129 shares in the last quarter. Cascade Investment Advisors Inc. boosted its position in Alexandria Real Estate Equities by 1.3% during the third quarter. Cascade Investment Advisors Inc. now owns 10,075 shares of the real estate investment trust’s stock valued at $1,196,000 after purchasing an additional 130 shares during the last quarter. Finally, NBC Securities Inc. increased its position in Alexandria Real Estate Equities by 9.7% in the 3rd quarter. NBC Securities Inc. now owns 1,475 shares of the real estate investment trust’s stock worth $175,000 after purchasing an additional 130 shares during the last quarter. 96.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ARE. Royal Bank of Canada cut their target price on Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating on the stock in a report on Tuesday, December 17th. Wedbush restated an “outperform” rating and issued a $110.00 target price (down from $120.00) on shares of Alexandria Real Estate Equities in a report on Friday, December 6th. Robert W. Baird lowered their price target 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. JMP Securities decreased 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. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their target price for the stock from $135.00 to $112.00 in a report on Friday, November 15th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $121.90.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock opened at $100.65 on Thursday. The stock has a 50 day moving average of $102.37 and a two-hundred day moving average of $112.48. 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 company has a market capitalization of $17.59 billion, a P/E ratio of 61.37, a P/E/G 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.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data 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 business had revenue of $791.60 million for the quarter, compared to the consensus estimate of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. Alexandria Real Estate Equities’s revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.26 earnings per share. As a group, equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities declared that its board has approved a stock buyback 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 generally a sign that the company’s board of directors believes its shares are undervalued.

Alexandria Real Estate Equities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 5.25%. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. The ex-dividend date was Tuesday, December 31st. Alexandria Real Estate Equities’s payout ratio is presently 321.95%.

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.