Savant Capital LLC Purchases New Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Savant Capital LLC purchased a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,290 shares of the real estate investment trust's stock, valued at approximately $419,000.

Several other institutional investors also recently modified their holdings of ARE. Capital Square LLC lifted its position 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 valued at $690,000 after buying an additional 118 shares in the last quarter. Private Advisor Group LLC raised its stake in Alexandria Real Estate Equities by 5.1% during the 3rd quarter. Private Advisor Group LLC now owns 2,651 shares of the real estate investment trust's stock valued at $315,000 after purchasing an additional 129 shares during the period. NBC Securities Inc. increased its stake in Alexandria Real Estate Equities by 9.7% in the 3rd quarter. NBC Securities Inc. now owns 1,475 shares of the real estate investment trust's stock worth $175,000 after acquiring an additional 130 shares during the last quarter. Avitas Wealth Management LLC increased its stake in 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 worth $1,296,000 after acquiring an additional 163 shares during the last quarter. Finally, Venturi Wealth Management LLC increased 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 worth $36,000 after acquiring an additional 180 shares during the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on ARE. Evercore ISI dropped their target price on Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada dropped their price objective 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. Deutsche Bank Aktiengesellschaft cut Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and lowered their target price for the stock from $135.00 to $112.00 in a report on Friday, November 15th. StockNews.com upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Wednesday, February 12th. Finally, JMP Securities reiterated 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. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $121.30.

Alexandria Real Estate Equities Stock Performance

Shares of ARE traded up $0.26 during mid-day trading on Thursday, reaching $95.57. The company had a trading volume of 1,285,427 shares, compared to its average volume of 1,369,662. Alexandria Real Estate Equities, Inc. has a 52-week low of $93.25 and a 52-week high of $130.14. 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 stock has a market capitalization of $16.54 billion, a P/E ratio of 53.09, a PEG ratio of 3.93 and a beta of 1.16. The stock has a 50 day moving average of $98.13 and a two-hundred day moving average of $109.09.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued 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, analysts expect that Alexandria Real Estate Equities, Inc. will post 9.33 earnings per share for the current year.

Alexandria Real Estate Equities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $1.32 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $5.28 dividend on an annualized basis and a yield of 5.52%. This is an increase from Alexandria Real Estate Equities's previous quarterly dividend of $1.30. Alexandria Real Estate Equities's dividend payout ratio is currently 293.33%.

Alexandria Real Estate Equities declared that its Board of Directors has initiated a share repurchase 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 reacquire up to 2.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

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.