Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC raised its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 112.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,159 shares of the real estate investment trust's stock after buying an additional 3,256 shares during the quarter. Empowered Funds LLC's holdings in Alexandria Real Estate Equities were worth $601,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ARE. State Street Corp boosted 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 acquiring an additional 112,864 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Alexandria Real Estate Equities by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,450,902 shares of the real estate investment trust's stock worth $291,045,000 after purchasing an additional 72,934 shares during the period. Pathway Financial Advisers LLC boosted its holdings in shares of Alexandria Real Estate Equities by 11,449.8% during the third quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust's stock worth $169,056,000 after purchasing an additional 1,411,304 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Alexandria Real Estate Equities by 5.0% in the fourth 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 purchasing an additional 42,825 shares during the period. Finally, CCLA Investment Management increased its stake in Alexandria Real Estate Equities by 4.0% in the fourth quarter. CCLA Investment Management now owns 841,435 shares of the real estate investment trust's stock valued at $82,023,000 after purchasing an additional 32,367 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Up 0.1 %

Shares of Alexandria Real Estate Equities stock traded up $0.07 during trading hours on Friday, hitting $95.59. 1,101,349 shares of the company's stock traded hands, compared to its average volume of 1,364,003. Alexandria Real Estate Equities, Inc. has a twelve month low of $93.25 and a twelve month high of $130.14. The company has a market cap of $16.55 billion, a PE ratio of 53.11, a PEG ratio of 3.93 and a beta of 1.16. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The stock has a 50 day simple moving average of $97.85 and a 200-day simple moving average of $108.88.

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

Alexandria Real Estate Equities announced that its Board of Directors has initiated 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 buy up to 2.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Alexandria Real Estate Equities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $1.32 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $5.28 annualized dividend and a dividend yield of 5.52%. This is an increase from Alexandria Real Estate Equities's previous quarterly dividend of $1.30. Alexandria Real Estate Equities's payout ratio is presently 293.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Robert W. Baird lowered their target price on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating for the company in a report on Friday, November 8th. StockNews.com lowered Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research report on Thursday. JMP Securities reiterated a "market outperform" rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Wedbush restated a "neutral" rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $133.00 to $121.00 in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Alexandria Real Estate Equities has a consensus rating of "Hold" and an average price target of $121.30.

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.