Alexandria Real Estate Equities, Inc. (NYSE:ARE) Holdings Boosted by Boston Common Asset Management LLC

Boston Common Asset Management LLC boosted its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,670 shares of the real estate investment trust’s stock after acquiring an additional 220 shares during the period. Boston Common Asset Management LLC’s holdings in Alexandria Real Estate Equities were worth $456,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new position in Alexandria Real Estate Equities in the third quarter worth about $25,000. Ashton Thomas Securities LLC bought a new position in Alexandria Real Estate Equities in the 3rd quarter worth approximately $30,000. Venturi Wealth Management LLC increased its position 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 valued at $36,000 after acquiring an additional 180 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Alexandria Real Estate Equities in the 3rd quarter valued at approximately $43,000. Finally, M&R Capital Management Inc. bought a new stake in Alexandria Real Estate Equities during the 3rd quarter valued at $50,000. Institutional investors own 96.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ARE. Wedbush reissued an “outperform” rating and issued a $110.00 price target (down previously from $120.00) on shares of Alexandria Real Estate Equities in a research note on Friday, December 6th. JMP Securities lowered their target price on shares of Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating on the stock in a research note on Friday, November 15th. Royal Bank of Canada dropped their price target on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating on the stock in a research report on Tuesday, December 17th. Evercore ISI decreased their price objective on shares of 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. Finally, BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of “Hold” and an average price target of $121.90.

Alexandria Real Estate Equities Stock Performance

NYSE ARE opened at $101.87 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. The company’s fifty day moving average is $102.84 and its two-hundred day moving average is $112.83. Alexandria Real Estate Equities, Inc. has a 52-week low of $94.35 and a 52-week high of $130.14. The firm has a market capitalization of $17.80 billion, a price-to-earnings ratio of 62.11, a P/E/G ratio of 3.64 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($1.42). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The business had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. During the same quarter last year, the firm posted $2.26 earnings per share. Alexandria Real Estate Equities’s revenue was up 10.9% on a year-over-year basis. Equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities declared that its Board of Directors has authorized a share buyback program on Monday, December 9th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 2.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Alexandria Real Estate Equities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $1.32 per share. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. This represents a $5.28 annualized dividend and a yield of 5.18%. The ex-dividend date was Tuesday, December 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 321.95%.

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.