Sheaff Brock Investment Advisors LLC Decreases Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Sheaff Brock Investment Advisors LLC trimmed its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 72.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,409 shares of the real estate investment trust's stock after selling 8,772 shares during the period. Sheaff Brock Investment Advisors LLC's holdings in Alexandria Real Estate Equities were worth $333,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ARE. Pathway Financial Advisers LLC boosted its position in Alexandria Real Estate Equities by 11,449.8% in the third quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust's stock worth $169,056,000 after purchasing an additional 1,411,304 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Alexandria Real Estate Equities by 350.0% in the third quarter. National Bank of Canada FI now owns 341,357 shares of the real estate investment trust's stock worth $40,536,000 after buying an additional 265,508 shares during the period. Raymond James & Associates raised its stake in shares of Alexandria Real Estate Equities by 501.1% in the third quarter. Raymond James & Associates now owns 290,857 shares of the real estate investment trust's stock worth $34,539,000 after buying an additional 242,466 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Alexandria Real Estate Equities by 114.9% in the third quarter. BNP Paribas Financial Markets now owns 435,416 shares of the real estate investment trust's stock worth $51,706,000 after buying an additional 232,817 shares during the period. Finally, KBC Group NV raised its stake in shares of Alexandria Real Estate Equities by 315.9% in the third quarter. KBC Group NV now owns 169,350 shares of the real estate investment trust's stock worth $20,110,000 after buying an additional 128,634 shares during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on ARE shares. Royal Bank of Canada decreased their price objective on Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating on the stock in a research note on Tuesday, December 17th. JPMorgan Chase & Co. downgraded Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. Wedbush reaffirmed a "neutral" rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft downgraded Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and decreased their target price for the company from $135.00 to $112.00 in a research note on Friday, November 15th. Finally, Robert W. Baird decreased 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 note on Friday, November 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $121.30.

Alexandria Real Estate Equities Price Performance

Shares of ARE traded up $0.07 during mid-day trading on Friday, hitting $95.59. 1,101,349 shares of the stock were exchanged, compared to its average volume of 1,361,801. The company has a market cap of $16.55 billion, a PE ratio of 53.11, a price-to-earnings-growth ratio of 3.92 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 52-week low of $93.25 and a 52-week high of $130.14. The firm has a 50-day moving average of $97.99 and a two-hundred day moving average of $109.00. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate 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 predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities announced that its board has authorized a stock buyback plan on Monday, December 9th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 2.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.

Alexandria Real Estate Equities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 5.52%. 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 dividend payout ratio is 293.33%.

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.