Morgan Dempsey Capital Management LLC Invests $3.42 Million in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Morgan Dempsey Capital Management LLC purchased a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 34,588 shares of the real estate investment trust's stock, valued at approximately $3,420,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Callan Capital LLC raised its holdings in Alexandria Real Estate Equities by 1.3% during the fourth quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust's stock valued at $873,000 after buying an additional 111 shares in the last quarter. Capital Square LLC raised its stake in shares of Alexandria Real Estate Equities by 2.1% in the 3rd quarter. Capital Square LLC now owns 5,811 shares of the real estate investment trust's stock valued at $690,000 after acquiring an additional 118 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Alexandria Real Estate Equities by 5.1% in the 3rd 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. Venturi Wealth Management LLC lifted its holdings in Alexandria Real Estate Equities by 144.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 180 shares during the last quarter. Finally, Private Trust Co. NA boosted its position in Alexandria Real Estate Equities by 30.2% during the fourth quarter. Private Trust Co. NA now owns 776 shares of the real estate investment trust's stock worth $76,000 after purchasing an additional 180 shares during the period. Institutional investors and hedge funds own 96.54% of the company's stock.

Wall Street Analysts Forecast Growth

ARE has been the subject of a number of analyst reports. Robert W. Baird reduced their price objective on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating for the company in a research note on Friday, November 8th. JPMorgan Chase & Co. downgraded shares of Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $133.00 to $121.00 in a report on Wednesday, November 27th. Wedbush restated a "neutral" rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lowered Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $135.00 to $112.00 in a research note on Friday, November 15th. Finally, JMP Securities restated a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $121.30.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock traded down $0.87 during trading hours on Monday, hitting $101.39. The stock had a trading volume of 1,177,069 shares, compared to its average volume of 1,350,679. The company has a 50-day moving average of $97.94 and a two-hundred day moving average of $108.26. 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 fifty-two week low of $93.25 and a fifty-two week high of $130.14. The company has a market cap of $17.55 billion, a PE ratio of 56.33, a price-to-earnings-growth ratio of 3.93 and a beta of 1.16.

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, 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%. On average, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 5.21%. Alexandria Real Estate Equities's dividend payout ratio is currently 293.33%.

Alexandria Real Estate Equities declared that its board has initiated a stock repurchase program on Monday, December 9th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 2.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its stock is 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.