Proficio Capital Partners LLC Buys Shares of 28,777 Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Proficio Capital Partners LLC bought a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 28,777 shares of the real estate investment trust’s stock, valued at approximately $29,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. M&T Bank Corp raised its holdings in shares of Alexandria Real Estate Equities by 0.7% in the 4th quarter. M&T Bank Corp now owns 19,478 shares of the real estate investment trust’s stock valued at $1,901,000 after acquiring an additional 127 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Alexandria Real Estate Equities by 11.2% in the fourth quarter. Assetmark Inc. now owns 41,915 shares of the real estate investment trust’s stock worth $4,089,000 after purchasing an additional 4,224 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Alexandria Real Estate Equities by 40.7% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 27,741 shares of the real estate investment trust’s stock worth $2,714,000 after purchasing an additional 8,025 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Alexandria Real Estate Equities by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,466,187 shares of the real estate investment trust’s stock valued at $240,577,000 after acquiring an additional 15,285 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in Alexandria Real Estate Equities by 192.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,119 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 737 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on ARE shares. Royal Bank of Canada dropped their price objective 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 note on Tuesday, December 17th. Wedbush reaffirmed a “neutral” rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. StockNews.com downgraded Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Monday, March 17th. JMP Securities reissued a “market outperform” rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a research note on Monday, March 17th. They set a “hold” rating and a $100.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Alexandria Real Estate Equities has an average rating of “Hold” and a consensus target price of $118.60.

Alexandria Real Estate Equities Trading Down 0.1 %

Alexandria Real Estate Equities stock opened at $95.58 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The stock has a market cap of $16.54 billion, a P/E ratio of 53.10, a PEG ratio of 3.93 and a beta of 1.17. The firm’s 50 day moving average price is $98.01 and its 200-day moving average price is $105.81. Alexandria Real Estate Equities, Inc. has a 1 year low of $93.25 and a 1 year high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last posted its 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 predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 5.52%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities’s payout ratio is 293.33%.

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

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.