Arkadios Wealth Advisors Buys 256 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Arkadios Wealth Advisors lifted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 6.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,449 shares of the real estate investment trust’s stock after purchasing an additional 256 shares during the quarter. Arkadios Wealth Advisors’ holdings in Alexandria Real Estate Equities were worth $434,000 at the end of the most recent reporting period.

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

Alexandria Real Estate Equities Price Performance

Shares of ARE stock opened at $100.65 on Thursday. Alexandria Real Estate Equities, Inc. has a twelve month low of $94.35 and a twelve month high of $130.14. 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 stock has a fifty day simple moving average of $102.54 and a two-hundred day simple moving average of $112.56. The stock has a market capitalization of $17.59 billion, a price-to-earnings ratio of 61.37, a P/E/G ratio of 3.90 and a beta of 1.16.

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

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 paid a dividend of $1.32 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.25%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 321.95%.

Alexandria Real Estate Equities announced that its board has authorized 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 usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ARE shares. JPMorgan Chase & Co. downgraded Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $133.00 to $121.00 in a research report on Wednesday, November 27th. Evercore ISI dropped their price target on shares of 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. Deutsche Bank Aktiengesellschaft lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $135.00 to $112.00 in a research report on Friday, November 15th. BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. Finally, JMP Securities reduced their price target on Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating on the stock in a report on Friday, November 15th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities has an average rating of “Hold” and an average target price of $121.90.

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.