LPL Financial LLC Raises Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

LPL Financial LLC lifted its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 45.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 260,485 shares of the real estate investment trust's stock after acquiring an additional 81,587 shares during the period. LPL Financial LLC owned 0.15% of Alexandria Real Estate Equities worth $25,410,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ARE. State Street Corp increased its position in Alexandria Real Estate Equities by 1.1% during the third quarter. State Street Corp now owns 10,585,038 shares of the real estate investment trust's stock worth $1,270,634,000 after purchasing an additional 112,864 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Alexandria Real Estate Equities by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,466,187 shares of the real estate investment trust's stock valued at $240,577,000 after buying an additional 15,285 shares during the period. PGGM Investments increased its holdings in shares of Alexandria Real Estate Equities by 3,602.0% during the 4th quarter. PGGM Investments now owns 958,857 shares of the real estate investment trust's stock worth $93,537,000 after buying an additional 932,956 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Alexandria Real Estate Equities by 5.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,541 shares of the real estate investment trust's stock valued at $88,140,000 after buying an additional 42,825 shares during the period. Finally, Amundi lifted its holdings in Alexandria Real Estate Equities by 8.8% in the fourth quarter. Amundi now owns 876,650 shares of the real estate investment trust's stock valued at $85,417,000 after acquiring an additional 70,553 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. StockNews.com raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday. Royal Bank of Canada decreased their target price on shares of 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. Jefferies Financial Group assumed coverage on shares of Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a "hold" rating and a $100.00 price target for the company. JMP Securities restated a "market outperform" rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, Wedbush reiterated a "neutral" rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $118.60.

Alexandria Real Estate Equities Stock Down 5.7 %

Shares of Alexandria Real Estate Equities stock traded down $4.93 during trading hours on Friday, reaching $81.32. 2,673,680 shares of the company were exchanged, compared to its average volume of 1,106,485. The firm has a market cap of $14.08 billion, a PE ratio of 45.18, a PEG ratio of 3.93 and a beta of 1.24. 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 1 year low of $81.25 and a 1 year high of $130.14. The stock's fifty day moving average is $96.73 and its 200 day moving average is $104.65.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. As a group, equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 6.49%. 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 announced that its Board of Directors has authorized a share buyback plan on Monday, December 9th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to repurchase up to 2.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management 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.