Proficio Capital Partners LLC Takes $29,000 Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Proficio Capital Partners LLC bought a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 28,777 shares of the real estate investment trust's stock, valued at approximately $29,000.

A number of other large investors also recently added to or reduced their stakes in ARE. M&T Bank Corp grew its position in shares of Alexandria Real Estate Equities by 0.7% during the fourth quarter. M&T Bank Corp now owns 19,478 shares of the real estate investment trust's stock valued at $1,901,000 after purchasing an additional 127 shares in the last quarter. Assetmark Inc. raised its stake in Alexandria Real Estate Equities by 11.2% during the fourth quarter. Assetmark Inc. now owns 41,915 shares of the real estate investment trust's stock valued at $4,089,000 after purchasing an additional 4,224 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its position in Alexandria Real Estate Equities by 40.7% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 27,741 shares of the real estate investment trust's stock valued at $2,714,000 after purchasing an additional 8,025 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Alexandria Real Estate Equities by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,466,187 shares of the real estate investment trust's stock worth $240,577,000 after buying an additional 15,285 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Alexandria Real Estate Equities by 192.9% in the 4th quarter. Jones Financial Companies Lllp now owns 1,119 shares of the real estate investment trust's stock worth $109,000 after buying an additional 737 shares during the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of research analysts recently commented on the stock. Wedbush reaffirmed a "neutral" rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Royal Bank of Canada cut their target price 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. Jefferies Financial Group began coverage on Alexandria Real Estate Equities in a report on Monday, March 17th. They set a "hold" rating and a $100.00 price target on the stock. JMP Securities reaffirmed a "market outperform" rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Finally, 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Alexandria Real Estate Equities presently has an average rating of "Hold" and a consensus target price of $118.60.

Alexandria Real Estate Equities Stock Up 1.4 %

ARE stock traded up $1.24 during trading on Wednesday, hitting $92.39. 1,302,670 shares of the company's stock traded hands, compared to its average volume of 1,093,751. Alexandria Real Estate Equities, Inc. has a 1 year low of $90.07 and a 1 year high of $130.14. The business has a fifty day simple moving average of $97.42 and a two-hundred day simple moving average of $105.08. The firm has a market capitalization of $15.99 billion, a P/E ratio of 51.33, a PEG ratio of 3.93 and a beta of 1.24. 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 (NYSE:ARE - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date of this dividend is Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio is presently 293.33%.

Alexandria Real Estate Equities announced that its board has approved a stock repurchase plan on Monday, December 9th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to repurchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Alexandria Real Estate Equities Company 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.