Empowered Funds LLC Has $601,000 Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Empowered Funds LLC lifted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 112.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,159 shares of the real estate investment trust’s stock after purchasing an additional 3,256 shares during the quarter. Empowered Funds LLC’s holdings in Alexandria Real Estate Equities were worth $601,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Creative Planning raised its position in Alexandria Real Estate Equities by 14.5% in the 3rd quarter. Creative Planning now owns 15,415 shares of the real estate investment trust’s stock worth $1,830,000 after purchasing an additional 1,947 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Alexandria Real Estate Equities by 89.8% in the 3rd quarter. Bleakley Financial Group LLC now owns 3,361 shares of the real estate investment trust’s stock valued at $399,000 after purchasing an additional 1,590 shares during the last quarter. Raymond James & Associates grew its position in shares of Alexandria Real Estate Equities by 501.1% during the 3rd quarter. Raymond James & Associates now owns 290,857 shares of the real estate investment trust’s stock worth $34,539,000 after buying an additional 242,466 shares during the period. Whittier Trust Co. raised its stake in shares of Alexandria Real Estate Equities by 3.8% during the third quarter. Whittier Trust Co. now owns 85,108 shares of the real estate investment trust’s stock worth $10,106,000 after buying an additional 3,135 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in Alexandria Real Estate Equities by 2.7% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 45,754 shares of the real estate investment trust’s stock valued at $5,433,000 after buying an additional 1,206 shares during the period. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Stock Performance

ARE opened at $95.70 on Wednesday. The company has a market capitalization of $16.56 billion, a price-to-earnings ratio of 53.17, a P/E/G ratio of 3.67 and a beta of 1.16. The business’s 50-day moving average price is $98.47 and its two-hundred day moving average price is $109.31. Alexandria Real Estate Equities, Inc. has a 1 year low of $93.25 and a 1 year high of $130.14. 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 posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. Equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.34 EPS for the current fiscal year.

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 given a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.52%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. Alexandria Real Estate Equities’s payout ratio is currently 293.33%.

Alexandria Real Estate Equities announced that its board has initiated a stock repurchase program 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 buy up to 2.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ARE shares. Evercore ISI dropped their price objective on 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. JMP Securities reaffirmed a “market outperform” rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th. Wedbush reaffirmed a “neutral” rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lowered 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 report on Wednesday, November 27th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average 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.