Savant Capital LLC Makes New $419,000 Investment in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Savant Capital LLC bought a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,290 shares of the real estate investment trust’s stock, valued at approximately $419,000.

A number of other hedge funds have also recently modified their holdings of ARE. Pathway Financial Advisers LLC grew its position in shares of Alexandria Real Estate Equities by 11,449.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust’s stock valued at $169,056,000 after buying an additional 1,411,304 shares during the last quarter. National Bank of Canada FI grew its position in shares of Alexandria Real Estate Equities by 350.0% in the 3rd quarter. National Bank of Canada FI now owns 341,357 shares of the real estate investment trust’s stock valued at $40,536,000 after buying an additional 265,508 shares during the last quarter. Raymond James & Associates grew its position in shares of Alexandria Real Estate Equities by 501.1% in the 3rd quarter. Raymond James & Associates now owns 290,857 shares of the real estate investment trust’s stock valued at $34,539,000 after buying an additional 242,466 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Alexandria Real Estate Equities by 114.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 435,416 shares of the real estate investment trust’s stock valued at $51,706,000 after buying an additional 232,817 shares during the last quarter. Finally, KBC Group NV grew its position in shares of Alexandria Real Estate Equities by 315.9% in the 3rd quarter. KBC Group NV now owns 169,350 shares of the real estate investment trust’s stock valued at $20,110,000 after buying an additional 128,634 shares during the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Stock Down 1.0 %

ARE stock opened at $94.86 on Monday. Alexandria Real Estate Equities, Inc. has a one year low of $93.25 and a one year high of $130.14. The stock has a market capitalization of $16.42 billion, a PE ratio of 52.70, a price-to-earnings-growth ratio of 3.67 and a beta of 1.16. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. The company has a fifty day moving average of $98.70 and a 200-day moving average of $109.51.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, topping 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, analysts expect that Alexandria Real Estate Equities, Inc. will post 9.34 EPS for the current year.

Alexandria Real Estate Equities announced that its Board of Directors has approved a stock buyback plan 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 reacquire up to 2.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Alexandria Real Estate Equities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 5.57%. The ex-dividend date was Tuesday, December 31st. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 293.33%.

Analyst Ratings Changes

A number of research analysts recently commented on ARE shares. Robert W. Baird dropped their target price on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Wedbush reissued a “neutral” rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. JPMorgan Chase & Co. downgraded 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 report on Wednesday, November 27th. Evercore ISI lowered their price objective on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 23rd. Finally, JMP Securities reissued a “market outperform” rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $121.30.

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.