LPL Financial LLC Purchases 81,587 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

LPL Financial LLC raised its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 45.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 260,485 shares of the real estate investment trust's stock after buying an additional 81,587 shares during the period. LPL Financial LLC owned about 0.15% of Alexandria Real Estate Equities worth $25,410,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new stake in Alexandria Real Estate Equities during the 4th quarter worth approximately $9,116,000. Mizuho Securities USA LLC grew its holdings in Alexandria Real Estate Equities by 46.0% during the fourth quarter. Mizuho Securities USA LLC now owns 14,741 shares of the real estate investment trust's stock worth $1,438,000 after buying an additional 4,646 shares in the last quarter. Virtu Financial LLC lifted its stake in Alexandria Real Estate Equities by 113.9% during the 4th quarter. Virtu Financial LLC now owns 4,967 shares of the real estate investment trust's stock valued at $484,000 after acquiring an additional 2,645 shares in the last quarter. Garland Capital Management Inc. boosted its holdings in Alexandria Real Estate Equities by 0.6% during the 4th quarter. Garland Capital Management Inc. now owns 29,580 shares of the real estate investment trust's stock worth $2,886,000 after acquiring an additional 175 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its stake in shares of Alexandria Real Estate Equities by 58.2% in the 4th quarter. TD Private Client Wealth LLC now owns 20,290 shares of the real estate investment trust's stock worth $1,979,000 after acquiring an additional 7,465 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. JMP Securities reissued a "market outperform" rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Wedbush restated a "neutral" rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. StockNews.com raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday. Jefferies Financial Group initiated coverage on Alexandria Real Estate Equities in a report on Monday, March 17th. They set a "hold" rating and a $100.00 price target on the stock. Finally, Royal Bank of Canada cut their price objective on Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating on the stock in a research report on Tuesday, December 17th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $118.60.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE traded down $3.77 during trading hours on Friday, reaching $82.49. The stock had a trading volume of 314,935 shares, compared to its average volume of 1,095,666. The stock has a market cap of $14.28 billion, a P/E ratio of 45.82, a price-to-earnings-growth ratio of 3.93 and a beta of 1.24. The stock has a 50 day simple moving average of $97.14 and a 200 day simple moving average of $104.95. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. Alexandria Real Estate Equities, Inc. has a 12-month low of $82.01 and a 12-month high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, topping the consensus estimate of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. On average, research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 6.40%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 293.33%.

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

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.