Naviter Wealth LLC Decreases Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Naviter Wealth LLC lowered its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 37.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,335 shares of the real estate investment trust's stock after selling 5,008 shares during the period. Naviter Wealth LLC's holdings in Alexandria Real Estate Equities were worth $824,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in Alexandria Real Estate Equities in the third quarter valued at $30,000. Venturi Wealth Management LLC grew its stake 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 valued at $36,000 after acquiring an additional 180 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Alexandria Real Estate Equities in the 3rd quarter valued at about $43,000. Loomis Sayles & Co. L P increased its holdings in 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 valued at $65,000 after acquiring an additional 532 shares in the last quarter. Finally, Spire Wealth Management raised its position in Alexandria Real Estate Equities by 72.5% during the fourth quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock worth $58,000 after acquiring an additional 250 shares during the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ARE has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut shares of Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. JMP Securities reissued a "market outperform" rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft cut Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and cut their price target for the stock from $135.00 to $112.00 in a report on Friday, November 15th. StockNews.com raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Finally, Wedbush reissued a "neutral" rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $121.30.

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Alexandria Real Estate Equities Trading Up 2.7 %

NYSE ARE opened at $102.50 on Friday. The company has a market cap of $17.74 billion, a P/E ratio of 56.95, a P/E/G ratio of 3.93 and a beta of 1.17. Alexandria Real Estate Equities, Inc. has a 12 month low of $93.25 and a 12 month high of $130.14. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The company has a 50-day moving average of $98.11 and a 200-day moving average of $107.92.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly 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 net margin of 10.36% and a return on equity of 1.43%. As a group, equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 5.15%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently 293.33%.

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

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