Abel Hall LLC Takes Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Abel Hall LLC acquired a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,342 shares of the real estate investment trust's stock, valued at approximately $716,000.

Other hedge funds have also bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new position in Alexandria Real Estate Equities during the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Alexandria Real Estate Equities during the third quarter worth $30,000. Venturi Wealth Management LLC boosted its stake in shares of Alexandria Real Estate Equities by 144.0% during the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 180 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Alexandria Real Estate Equities in the third quarter worth about $43,000. Finally, M&R Capital Management Inc. purchased a new position in Alexandria Real Estate Equities in the 3rd quarter worth about $50,000. Institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Up 1.9 %

Shares of ARE stock traded up $1.85 during mid-day trading on Friday, hitting $97.70. 4,073,184 shares of the stock traded hands, compared to its average volume of 1,552,373. Alexandria Real Estate Equities, Inc. has a 52-week low of $94.35 and a 52-week high of $130.14. The stock has a market cap of $17.07 billion, a P/E ratio of 54.28, a P/E/G ratio of 3.64 and a beta of 1.16. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.20. The stock's fifty day moving average is $101.55 and its two-hundred day moving average is $111.64.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. Equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.34 EPS for the current year.

Alexandria Real Estate Equities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 5.40%. 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 293.33%.

Alexandria Real Estate Equities announced that its Board of Directors has authorized a stock repurchase program on Monday, December 9th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the real estate investment trust to reacquire up to 2.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Evercore ISI dropped their target price on shares of 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. JMP Securities reissued a "market outperform" rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday. JPMorgan Chase & Co. downgraded Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $133.00 to $121.00 in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft cut Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and lowered their target price for the stock from $135.00 to $112.00 in a report on Friday, November 15th. Finally, StockNews.com lowered Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $121.30.

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.