Brown Financial Advisors Boosts Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Brown Financial Advisors increased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 26.6% during the fourth quarter, HoldingsChannel reports. The firm owned 4,416 shares of the real estate investment trust’s stock after buying an additional 929 shares during the period. Brown Financial Advisors’ holdings in Alexandria Real Estate Equities were worth $431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Y Intercept Hong Kong Ltd lifted its stake in Alexandria Real Estate Equities by 11.1% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 11,523 shares of the real estate investment trust’s stock valued at $1,124,000 after acquiring an additional 1,152 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Alexandria Real Estate Equities by 33.5% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 23,488 shares of the real estate investment trust’s stock valued at $2,291,000 after purchasing an additional 5,900 shares during the last quarter. LDR Capital Management LLC bought a new position in Alexandria Real Estate Equities during the fourth quarter valued at approximately $1,017,000. Callan Capital LLC boosted its holdings in Alexandria Real Estate Equities by 1.3% in the fourth quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust’s stock worth $873,000 after purchasing an additional 111 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC bought a new stake in Alexandria Real Estate Equities in the 4th quarter worth approximately $761,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $97.16 on Tuesday. The company has a market capitalization of $16.82 billion, a P/E ratio of 53.98, a P/E/G ratio of 3.93 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 1-year low of $93.25 and a 1-year high of $130.14. The firm’s 50 day simple moving average is $97.76 and its two-hundred day simple moving average is $108.70. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21.

Alexandria Real Estate Equities (NYSE:ARE) 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%. Research analysts expect 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 approved a share buyback program 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 programs are generally an indication that the company’s management believes its shares are undervalued.

Alexandria Real Estate Equities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders 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. The ex-dividend date was Tuesday, December 31st. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.43%. Alexandria Real Estate Equities’s dividend payout ratio is 293.33%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their price target for the company from $135.00 to $112.00 in a report on Friday, November 15th. Wedbush reissued a “neutral” rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. StockNews.com downgraded Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. cut shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. Finally, Royal Bank of Canada cut their target price on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a research report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Alexandria Real Estate Equities has a consensus rating of “Hold” and a consensus target price of $121.30.

Alexandria Real Estate Equities 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.