Taylor Frigon Capital Management LLC Sells 193 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Taylor Frigon Capital Management LLC reduced its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 18,239 shares of the real estate investment trust’s stock after selling 193 shares during the period. Taylor Frigon Capital Management LLC’s holdings in Alexandria Real Estate Equities were worth $1,779,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ARE. Private Advisor Group LLC lifted its holdings in shares of 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 worth $315,000 after acquiring an additional 129 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Alexandria Real Estate Equities by 28.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,162 shares of the real estate investment trust’s stock worth $375,000 after acquiring an additional 702 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Alexandria Real Estate Equities by 9.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,729 shares of the real estate investment trust’s stock worth $3,356,000 after purchasing an additional 2,402 shares during the last quarter. Forsta AP Fonden lifted its stake in Alexandria Real Estate Equities by 24.4% in the third quarter. Forsta AP Fonden now owns 34,200 shares of the real estate investment trust’s stock worth $4,061,000 after purchasing an additional 6,700 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in Alexandria Real Estate Equities by 56.3% in the third quarter. Arkadios Wealth Advisors now owns 4,193 shares of the real estate investment trust’s stock worth $498,000 after purchasing an additional 1,510 shares during the last quarter. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Price Performance

ARE stock opened at $99.01 on Thursday. The firm’s 50-day moving average price is $97.75 and its two-hundred day moving average price is $108.54. Alexandria Real Estate Equities, Inc. has a 12-month low of $93.25 and a 12-month high of $130.14. The stock has a market capitalization of $17.14 billion, a price-to-earnings ratio of 55.01, a PEG ratio of 3.93 and a beta of 1.16. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate 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 earnings per share for the current year.

Alexandria Real Estate Equities declared that its Board of Directors has initiated a stock repurchase 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 typically a sign that the company’s board of directors believes its shares are undervalued.

Alexandria Real Estate Equities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $1.32 per share. The ex-dividend date was Tuesday, December 31st. This represents a $5.28 annualized dividend and a dividend yield of 5.33%. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. Alexandria Real Estate Equities’s payout ratio is currently 293.33%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ARE. StockNews.com downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Wedbush reissued a “neutral” rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Royal Bank of Canada lowered their price target 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 note on Tuesday, December 17th. JMP Securities reissued a “market outperform” rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Finally, Robert W. Baird lowered their price target on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.