First Financial Bankshares Inc Purchases 39,662 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

First Financial Bankshares Inc lifted its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 15.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 290,538 shares of the real estate investment trust's stock after buying an additional 39,662 shares during the period. First Financial Bankshares Inc owned about 0.17% of Alexandria Real Estate Equities worth $28,342,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ARE. Proficio Capital Partners LLC bought a new stake in shares of Alexandria Real Estate Equities in the 4th quarter worth about $29,000. EverSource Wealth Advisors LLC increased its holdings in shares of Alexandria Real Estate Equities by 57.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock worth $29,000 after buying an additional 109 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Alexandria Real Estate Equities during the 3rd quarter worth about $43,000. Spire Wealth Management boosted its stake in shares of 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 worth $58,000 after purchasing an additional 250 shares during the period. Finally, Loomis Sayles & Co. L P boosted its stake in shares of Alexandria Real Estate Equities by 3,129.4% during the 3rd quarter. Loomis Sayles & Co. L P now owns 549 shares of the real estate investment trust's stock worth $65,000 after purchasing an additional 532 shares during the period. 96.54% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

A number of equities analysts recently commented on ARE shares. Wedbush reaffirmed 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. StockNews.com cut shares of Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research note on Monday, March 17th. JMP Securities reaffirmed a "market outperform" rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. JPMorgan Chase & Co. cut shares of Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. Finally, Royal Bank of Canada dropped their price target on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating for the company in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Alexandria Real Estate Equities currently has an average rating of "Hold" and a consensus price target of $118.60.

Alexandria Real Estate Equities Stock Down 0.8 %

Shares of ARE traded down $0.74 during mid-day trading on Friday, hitting $96.24. The company's stock had a trading volume of 2,205,868 shares, compared to its average volume of 1,042,885. The company's 50-day moving average is $98.31 and its 200-day moving average is $106.39. Alexandria Real Estate Equities, Inc. has a 52-week low of $93.25 and a 52-week high of $130.14. The firm has a market capitalization of $16.66 billion, a price-to-earnings ratio of 53.46, a PEG ratio of 3.93 and a beta of 1.17. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings results 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 net margin of 10.36% and a return on equity of 1.43%. On average, equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

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

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $1.32 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $5.28 annualized dividend and a dividend yield of 5.49%. Alexandria Real Estate Equities's payout ratio is presently 293.33%.

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.