First Financial Bankshares Inc Has $28.34 Million Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

First Financial Bankshares Inc raised its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 15.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 290,538 shares of the real estate investment trust’s stock after acquiring an additional 39,662 shares during the period. First Financial Bankshares Inc owned about 0.17% of Alexandria Real Estate Equities worth $28,342,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ARE. Fulton Bank N.A. grew its holdings in shares of Alexandria Real Estate Equities by 77.7% in the 4th quarter. Fulton Bank N.A. now owns 16,165 shares of the real estate investment trust’s stock worth $1,577,000 after purchasing an additional 7,070 shares during the last quarter. Hahn Capital Management LLC increased its holdings in shares of Alexandria Real Estate Equities by 50.4% during the fourth quarter. Hahn Capital Management LLC now owns 68,370 shares of the real estate investment trust’s stock worth $6,669,000 after buying an additional 22,926 shares in the last quarter. CCLA Investment Management increased its holdings in shares of Alexandria Real Estate Equities by 4.0% during the fourth quarter. CCLA Investment Management now owns 841,435 shares of the real estate investment trust’s stock worth $82,023,000 after buying an additional 32,367 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Alexandria Real Estate Equities by 5.0% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,541 shares of the real estate investment trust’s stock valued at $88,140,000 after acquiring an additional 42,825 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of Alexandria Real Estate Equities by 67.3% in the 3rd quarter. CIBC Asset Management Inc now owns 37,276 shares of the real estate investment trust’s stock worth $4,427,000 after acquiring an additional 14,992 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ARE has been the subject of several research analyst reports. Royal Bank of Canada cut 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 research report on Tuesday, December 17th. StockNews.com cut Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Monday. Jefferies Financial Group started coverage on shares of Alexandria Real Estate Equities in a report on Monday. They set a “hold” rating and a $100.00 price objective on the stock. Wedbush restated a “neutral” rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $133.00 to $121.00 in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $118.60.

Alexandria Real Estate Equities Trading Down 1.2 %

NYSE:ARE opened at $98.34 on Wednesday. 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, Inc. has a 1-year low of $93.25 and a 1-year high of $130.14. The firm has a market capitalization of $17.02 billion, a price-to-earnings ratio of 54.63, a PEG ratio of 3.93 and a beta of 1.17. The business’s 50-day moving average price is $98.29 and its two-hundred day moving average price is $106.85.

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 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%. On average, equities analysts expect 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 has authorized a stock buyback 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 purchase up to 2.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend is Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio is currently 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.