Paradigm Asset Management Co. LLC Takes $761,000 Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Paradigm Asset Management Co. LLC purchased a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,800 shares of the real estate investment trust's stock, valued at approximately $761,000.

Other institutional investors have also recently made changes to their positions in the company. Capital Square LLC lifted its stake 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 worth $690,000 after purchasing an additional 118 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of 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 valued at $315,000 after buying an additional 129 shares during the last quarter. Avitas Wealth Management LLC boosted its holdings in shares of Alexandria Real Estate Equities by 1.5% in the 3rd quarter. Avitas Wealth Management LLC now owns 10,910 shares of the real estate investment trust's stock valued at $1,296,000 after buying an additional 163 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of 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 buying an additional 180 shares during the last quarter. Finally, Keudell Morrison Wealth Management raised its stake in shares of Alexandria Real Estate Equities by 8.7% during the 4th quarter. Keudell Morrison Wealth Management now owns 2,422 shares of the real estate investment trust's stock worth $236,000 after acquiring an additional 194 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Up 3.9 %

ARE stock traded up $3.79 during midday trading on Tuesday, reaching $100.97. 735,344 shares of the company were exchanged, compared to its average volume of 1,333,687. The stock's 50-day simple moving average is $97.76 and its 200 day simple moving average is $108.70. Alexandria Real Estate Equities, Inc. has a 1-year low of $93.25 and a 1-year high of $130.14. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. The company has a market cap of $17.48 billion, a price-to-earnings ratio of 56.16, 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 posted its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, topping 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 analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.23%. This is a boost from Alexandria Real Estate Equities's previous quarterly dividend of $1.30. The ex-dividend date was Tuesday, December 31st. Alexandria Real Estate Equities's payout ratio is presently 293.33%.

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ARE shares. JMP Securities reaffirmed a "market outperform" rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. StockNews.com lowered Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Royal Bank of Canada dropped their target price on shares of 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. JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $133.00 to $121.00 in a report on Wednesday, November 27th. Finally, 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 research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus 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.