Sage Investment Counsel LLC Makes New $361,000 Investment in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Sage Investment Counsel LLC acquired a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,702 shares of the real estate investment trust's stock, valued at approximately $361,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA lifted its stake in shares of Alexandria Real Estate Equities by 30.2% in the 4th quarter. Private Trust Co. NA now owns 776 shares of the real estate investment trust's stock valued at $76,000 after acquiring an additional 180 shares during the last quarter. Hahn Capital Management LLC boosted its position in Alexandria Real Estate Equities by 50.4% during the fourth quarter. Hahn Capital Management LLC now owns 68,370 shares of the real estate investment trust's stock valued at $6,669,000 after acquiring an additional 22,926 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at about $29,000. Brown Financial Advisors grew its position in shares of Alexandria Real Estate Equities by 26.6% during the 4th quarter. Brown Financial Advisors now owns 4,416 shares of the real estate investment trust's stock worth $431,000 after buying an additional 929 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its holdings in Alexandria Real Estate Equities by 11.1% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 11,523 shares of the real estate investment trust's stock worth $1,124,000 after purchasing an additional 1,152 shares during the period. Institutional investors and hedge funds own 96.54% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. cut Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $133.00 to $121.00 in a research note on Wednesday, November 27th. JMP Securities restated a "market outperform" rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Royal Bank of Canada decreased their price target on Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating for the company in a report 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 on the stock in a research note on Friday, November 8th. Finally, Wedbush reiterated 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $121.30.

Alexandria Real Estate Equities Stock Performance

ARE traded down $0.87 during trading on Monday, hitting $101.39. 1,177,069 shares of the company traded hands, compared to its average volume of 1,350,679. Alexandria Real Estate Equities, Inc. has a one year low of $93.25 and a one year high of $130.14. The stock's fifty day moving average is $97.94 and its 200 day moving average is $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. The firm has a market cap of $17.55 billion, a P/E 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 released its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, beating analysts' consensus estimates 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 EPS for the current fiscal year.

Alexandria Real Estate Equities declared that its board has authorized a stock repurchase 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 reacquire up to 2.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 payout ratio is presently 293.33%.

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.