Jones Financial Companies Lllp Purchases 737 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Jones Financial Companies Lllp boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 192.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,119 shares of the real estate investment trust’s stock after acquiring an additional 737 shares during the period. Jones Financial Companies Lllp’s holdings in Alexandria Real Estate Equities were worth $109,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ARE. SRS Capital Advisors Inc. grew its holdings in Alexandria Real Estate Equities by 156.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,375 shares of the real estate investment trust’s stock valued at $232,000 after buying an additional 1,449 shares in the last quarter. Morgan Dempsey Capital Management LLC purchased a new stake in Alexandria Real Estate Equities during the 4th quarter valued at approximately $3,420,000. Sherman Asset Management Inc. purchased a new stake in Alexandria Real Estate Equities during the 4th quarter valued at approximately $75,000. Sage Investment Counsel LLC purchased a new stake in Alexandria Real Estate Equities during the 4th quarter valued at approximately $361,000. Finally, Private Trust Co. NA grew its holdings in Alexandria Real Estate Equities by 30.2% during the 4th quarter. Private Trust Co. NA now owns 776 shares of the real estate investment trust’s stock valued at $76,000 after buying an additional 180 shares in the last quarter. Institutional investors own 96.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ARE. Royal Bank of Canada cut their price objective on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a report on Tuesday, December 17th. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Wedbush reissued a “neutral” rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. JMP Securities reissued a “market outperform” rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a 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 cut their target price for the company 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 stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $121.30.

Alexandria Real Estate Equities Stock Up 2.7 %

NYSE ARE opened at $99.30 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The company has a fifty day moving average of $98.24 and a two-hundred day moving average of $107.21. The firm has a market capitalization of $17.19 billion, a price-to-earnings ratio of 55.17, a PEG ratio of 3.93 and a beta of 1.17. Alexandria Real Estate Equities, Inc. has a 52 week low of $93.25 and a 52 week high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data 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%. On average, analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities announced that its board has authorized a stock repurchase program on Monday, December 9th that allows the company to buyback $500.00 million in 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 usually an indication that the company’s management believes its shares are undervalued.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.32 per share. The ex-dividend date is Monday, March 31st. This represents a $5.28 annualized dividend and a dividend yield of 5.32%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 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.