Raleigh Capital Management Inc. Acquires 3,951 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Raleigh Capital Management Inc. boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 61.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,403 shares of the real estate investment trust's stock after acquiring an additional 3,951 shares during the quarter. Raleigh Capital Management Inc.'s holdings in Alexandria Real Estate Equities were worth $1,015,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ARE. Fulton Bank N.A. boosted its holdings in Alexandria Real Estate Equities by 77.7% in the 4th quarter. Fulton Bank N.A. now owns 16,165 shares of the real estate investment trust's stock valued at $1,577,000 after purchasing an additional 7,070 shares during the period. CIBC Asset Management Inc grew its position in Alexandria Real Estate Equities by 67.3% during the third quarter. CIBC Asset Management Inc now owns 37,276 shares of the real estate investment trust's stock worth $4,427,000 after buying an additional 14,992 shares in the last quarter. CCLA Investment Management raised its holdings in Alexandria Real Estate Equities by 4.0% in the 4th quarter. CCLA Investment Management now owns 841,435 shares of the real estate investment trust's stock valued at $82,023,000 after acquiring an additional 32,367 shares in the last quarter. Pathway Financial Advisers LLC lifted its position in shares of Alexandria Real Estate Equities by 11,449.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust's stock valued at $169,056,000 after acquiring an additional 1,411,304 shares during the period. Finally, Leibman Financial Services Inc. grew its holdings in shares of Alexandria Real Estate Equities by 21.4% during the 4th quarter. Leibman Financial Services Inc. now owns 41,580 shares of the real estate investment trust's stock worth $4,056,000 after purchasing an additional 7,322 shares in the last quarter. Institutional investors own 96.54% of the company's stock.

Analyst Upgrades and Downgrades

ARE has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and cut their price objective for the stock from $135.00 to $112.00 in a research report on Friday, November 15th. JMP Securities decreased their price objective on shares of Alexandria Real Estate Equities from $140.00 to $130.00 and set a "market outperform" rating on the stock in a research note on Friday, November 15th. 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 for the company in a research note on Tuesday, December 17th. Robert W. Baird dropped their price objective on Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. Finally, Evercore ISI decreased their target price on Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating on the stock in a research report on Wednesday, October 23rd. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $121.90.

Alexandria Real Estate Equities Trading Down 0.3 %

NYSE:ARE traded down $0.27 during mid-day trading on Thursday, hitting $100.36. 798,982 shares of the company's stock were exchanged, compared to its average volume of 1,240,484. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $94.35 and a fifty-two week high of $130.14. The company has a 50 day simple moving average of $102.37 and a 200-day simple moving average of $112.48. The firm has a market capitalization of $17.54 billion, a P/E ratio of 61.14, a PEG ratio of 3.93 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($1.42). The business had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The business's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.26 EPS. As a group, research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $1.32 dividend. This is a positive change 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 5.26%. The ex-dividend date was Tuesday, December 31st. Alexandria Real Estate Equities's payout ratio is currently 321.95%.

Alexandria Real Estate Equities announced that its Board of Directors has authorized a share buyback program on Monday, December 9th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the real estate investment trust to repurchase up to 2.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its stock is 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.