Proficio Capital Partners LLC Purchases New Shares in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Proficio Capital Partners LLC acquired a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 28,777 shares of the real estate investment trust’s stock, valued at approximately $29,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ARE. Atria Investments Inc grew its position in shares of Alexandria Real Estate Equities by 33.2% during the 3rd quarter. Atria Investments Inc now owns 30,262 shares of the real estate investment trust’s stock worth $3,594,000 after buying an additional 7,551 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Alexandria Real Estate Equities in the third quarter worth about $30,000. Venturi Wealth Management LLC grew its holdings in Alexandria Real Estate Equities by 144.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 180 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in Alexandria Real Estate Equities by 29.9% during the 3rd quarter. Apollon Wealth Management LLC now owns 2,553 shares of the real estate investment trust’s stock worth $303,000 after acquiring an additional 587 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in Alexandria Real Estate Equities by 0.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 860,716 shares of the real estate investment trust’s stock valued at $102,210,000 after purchasing an additional 4,389 shares during the period. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

ARE opened at $96.59 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. Alexandria Real Estate Equities, Inc. has a 52-week low of $93.25 and a 52-week high of $130.14. The company has a market cap of $16.72 billion, a P/E ratio of 53.66, a price-to-earnings-growth ratio of 3.93 and a beta of 1.17. The firm’s 50-day moving average price is $98.23 and its 200-day moving average price is $107.46.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. As a group, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

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

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.32 dividend. The ex-dividend date is Monday, March 31st. This represents a $5.28 annualized dividend and a dividend yield of 5.47%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 293.33%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ARE. JPMorgan Chase & Co. downgraded shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $133.00 to $121.00 in a research note on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price target for the company from $135.00 to $112.00 in a report on Friday, November 15th. Wedbush restated 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. JMP Securities reiterated 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. Finally, Royal Bank of Canada reduced their target price 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. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.