Fort Washington Investment Advisors Inc. OH Increases Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Fort Washington Investment Advisors Inc. OH grew its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 17.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 554,863 shares of the real estate investment trust's stock after purchasing an additional 82,223 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.32% of Alexandria Real Estate Equities worth $54,127,000 at the end of the most recent quarter.

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

Alexandria Real Estate Equities Stock Performance

Shares of ARE traded down $2.16 on Wednesday, reaching $100.65. The company's stock had a trading volume of 646,230 shares, compared to its average volume of 1,279,725. The stock's 50 day simple moving average is $102.54 and its two-hundred day simple moving average is $112.56. 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 stock has a market capitalization of $17.59 billion, a P/E ratio of 61.37, a PEG ratio of 3.90 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 - Get Free Report) 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 return on equity of 1.31% and a net margin of 9.62%. The business had revenue of $791.60 million for the quarter, compared to analysts' expectations of $766.97 million. During the same quarter in the prior year, the business earned $2.26 EPS. The company's revenue was up 10.9% compared to the same quarter last year. Research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

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

Alexandria Real Estate Equities declared that its Board of Directors has authorized a stock repurchase plan on Monday, December 9th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire up to 2.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. 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 company from $135.00 to $112.00 in a research note on Friday, November 15th. 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. Wedbush reiterated an "outperform" rating and set a $110.00 target price (down from $120.00) on shares of Alexandria Real Estate Equities in a research note on Friday, December 6th. BMO Capital Markets upgraded Alexandria Real Estate Equities to a "hold" rating in a research note on Wednesday, September 25th. Finally, JPMorgan Chase & Co. cut Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $133.00 to $121.00 in a research report on Wednesday, November 27th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $121.90.

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.