Brown Financial Advisors Buys 929 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Brown Financial Advisors grew its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 26.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,416 shares of the real estate investment trust’s stock after purchasing an additional 929 shares during the quarter. Brown Financial Advisors’ holdings in Alexandria Real Estate Equities were worth $431,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC purchased a new position in shares of Alexandria Real Estate Equities in the third quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new position in Alexandria Real Estate Equities during the 3rd quarter valued at about $30,000. Venturi Wealth Management LLC raised its position 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 valued at $36,000 after purchasing an additional 180 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Alexandria Real Estate Equities in the 3rd quarter worth approximately $43,000. Finally, Spire Wealth Management grew its position in shares of Alexandria Real Estate Equities by 72.5% in the 4th quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 250 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $97.16 on Tuesday. 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 stock has a market cap of $16.82 billion, a P/E ratio of 53.98, a P/E/G ratio of 3.93 and a beta of 1.16. The business’s 50 day moving average price is $97.76 and its 200-day moving average price is $108.70. 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 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 return on equity of 1.43% and a net margin of 10.36%. Equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities declared that its Board of Directors has initiated a stock repurchase program 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 reacquire up to 2.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Alexandria Real Estate Equities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $1.32 per share. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. This represents a $5.28 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date of this dividend was Tuesday, December 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 293.33%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their target price for the company from $135.00 to $112.00 in a report on Friday, November 15th. Wedbush restated 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 lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. JMP Securities reissued a “market outperform” rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. cut Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $133.00 to $121.00 in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.