Commonwealth Equity Services LLC Acquires 3,176 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Commonwealth Equity Services LLC lifted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 40.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,029 shares of the real estate investment trust's stock after buying an additional 3,176 shares during the period. Commonwealth Equity Services LLC's holdings in Alexandria Real Estate Equities were worth $1,076,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC acquired a new stake in Alexandria Real Estate Equities in the 4th quarter valued at about $29,000. EverSource Wealth Advisors LLC lifted its position in shares of Alexandria Real Estate Equities by 57.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 109 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Alexandria Real Estate Equities during the 3rd quarter worth approximately $43,000. Spire Wealth Management lifted its holdings in Alexandria Real Estate Equities by 72.5% during the 4th quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock valued at $58,000 after purchasing an additional 250 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in Alexandria Real Estate Equities by 129.9% during the fourth quarter. Versant Capital Management Inc now owns 745 shares of the real estate investment trust's stock worth $73,000 after purchasing an additional 421 shares during the period. 96.54% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

ARE has been the topic of several research analyst reports. Wedbush reissued a "neutral" rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. StockNews.com upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday. Jefferies Financial Group initiated coverage on Alexandria Real Estate Equities in a research note on Monday, March 17th. They issued a "hold" rating and a $100.00 price target for the company. Royal Bank of Canada decreased 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 report on Tuesday, December 17th. Finally, JMP Securities reissued a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $118.60.

Alexandria Real Estate Equities Price Performance

Shares of ARE traded down $2.54 during midday trading on Friday, hitting $83.71. The company's stock had a trading volume of 1,344,708 shares, compared to its average volume of 1,099,825. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a one year low of $81.38 and a one year high of $130.14. The stock has a market capitalization of $14.49 billion, a price-to-earnings ratio of 46.57, a price-to-earnings-growth ratio of 3.93 and a beta of 1.24. The company's fifty day simple moving average is $97.14 and its two-hundred day simple moving average is $104.95.

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

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $1.32 dividend. The ex-dividend date is Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a yield of 6.31%. Alexandria Real Estate Equities's dividend payout ratio is currently 293.33%.

Alexandria Real Estate Equities announced that its board has authorized a stock buyback 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 generally an indication that the company's leadership believes its stock is undervalued.

Alexandria Real Estate Equities Profile

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.