CCLA Investment Management Has $82.02 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

CCLA Investment Management increased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 841,435 shares of the real estate investment trust's stock after buying an additional 32,367 shares during the quarter. CCLA Investment Management owned 0.48% of Alexandria Real Estate Equities worth $82,023,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARE. Catalyst Capital Advisors LLC acquired a new stake in shares of Alexandria Real Estate Equities during the third quarter worth about $25,000. Ashton Thomas Securities LLC acquired a new stake in Alexandria Real Estate Equities during the 3rd quarter worth approximately $30,000. Venturi Wealth Management LLC lifted its stake in 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 valued at $36,000 after buying an additional 180 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Alexandria Real Estate Equities in the third quarter valued at approximately $43,000. Finally, M&R Capital Management Inc. acquired a new position in shares of Alexandria Real Estate Equities in the third quarter valued at approximately $50,000. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Stock Up 1.0 %

Shares of NYSE ARE traded up $0.96 during trading hours on Wednesday, hitting $98.77. The company had a trading volume of 124,608 shares, compared to its average volume of 1,322,685. Alexandria Real Estate Equities, Inc. has a 1-year low of $94.35 and a 1-year high of $130.14. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. The firm's 50 day moving average is $103.64 and its 200-day moving average is $113.11. The stock has a market capitalization of $17.26 billion, a P/E ratio of 60.23, a price-to-earnings-growth ratio of 3.87 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $791.60 million during the quarter, compared to analyst estimates of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The business's revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.26 EPS. On average, analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities declared that its Board of Directors has approved a stock buyback program on Monday, December 9th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the real estate investment trust to repurchase up to 2.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

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 given a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Alexandria Real Estate Equities's previous quarterly dividend of $1.30. Alexandria Real Estate Equities's payout ratio is 321.95%.

Analyst Ratings Changes

ARE has been the topic of several research reports. Robert W. Baird cut their price objective on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. BMO Capital Markets raised Alexandria Real Estate Equities to a "hold" rating in a research note on Wednesday, September 25th. JMP Securities reduced their price objective on Alexandria Real Estate Equities from $140.00 to $130.00 and set a "market outperform" rating for the company in a research report on Friday, November 15th. Wedbush reissued an "outperform" rating and issued a $110.00 target price (down previously from $120.00) on shares of Alexandria Real Estate Equities in a research report on Friday, December 6th. Finally, Royal Bank of Canada reduced their price target on Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating for the company in a research report on Tuesday, December 17th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target 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.