Gradient Investments LLC Has $12.56 Million Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Gradient Investments LLC lifted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 22.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 128,733 shares of the real estate investment trust's stock after purchasing an additional 23,548 shares during the period. Gradient Investments LLC owned 0.07% of Alexandria Real Estate Equities worth $12,558,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Presima Securities ULC lifted its holdings in shares of Alexandria Real Estate Equities by 0.9% during the third quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust's stock worth $1,392,000 after purchasing an additional 100 shares during the period. Capital Square LLC grew its position in shares of Alexandria Real Estate Equities by 2.1% during the 3rd quarter. Capital Square LLC now owns 5,811 shares of the real estate investment trust's stock valued at $690,000 after purchasing an additional 118 shares in the last quarter. Private Advisor Group LLC lifted its stake in Alexandria Real Estate Equities by 5.1% during the third quarter. Private Advisor Group LLC now owns 2,651 shares of the real estate investment trust's stock worth $315,000 after purchasing an additional 129 shares during the last quarter. Cascade Investment Advisors Inc. increased its stake in shares of Alexandria Real Estate Equities by 1.3% in the third quarter. Cascade Investment Advisors Inc. now owns 10,075 shares of the real estate investment trust's stock worth $1,196,000 after buying an additional 130 shares during the period. Finally, NBC Securities Inc. boosted its position in Alexandria Real Estate Equities by 9.7% during the 3rd quarter. NBC Securities Inc. now owns 1,475 shares of the real estate investment trust's stock valued at $175,000 after acquiring an additional 130 shares in the last quarter. Institutional investors own 96.54% of the company's stock.

Wall Street Analysts Forecast Growth

ARE has been the subject of a number of research reports. Evercore ISI decreased their target price on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating for the company in a research note on Wednesday, October 23rd. Royal Bank of Canada reduced their price target 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. Robert W. Baird dropped their target price on Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. JMP Securities decreased their price objective on Alexandria Real Estate Equities from $140.00 to $130.00 and set a "market outperform" rating on the stock in a report on Friday, November 15th. Finally, Wedbush restated an "outperform" rating and issued a $110.00 price objective (down from $120.00) on shares of Alexandria Real Estate Equities in a report on Friday, December 6th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $121.90.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE:ARE traded up $1.11 on Friday, hitting $101.56. 859,436 shares of the company were exchanged, compared to its average volume of 1,048,826. Alexandria Real Estate Equities, Inc. has a one year low of $94.35 and a one year high of $130.14. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20. The firm has a market capitalization of $17.75 billion, a price-to-earnings ratio of 61.92, a PEG ratio of 3.85 and a beta of 1.16. The company's 50 day moving average price is $102.13 and its two-hundred day moving average price is $112.29.

Alexandria Real Estate Equities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $1.32 dividend. The ex-dividend date was Tuesday, December 31st. This is an increase from Alexandria Real Estate Equities's previous quarterly dividend of $1.30. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.20%. Alexandria Real Estate Equities's payout ratio is currently 321.95%.

Alexandria Real Estate Equities declared that its board 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 buy up to 2.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership 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.