Alexandria Real Estate Equities, Inc. (NYSE:ARE) Stake Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,466,187 shares of the real estate investment trust’s stock after acquiring an additional 15,285 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.42% of Alexandria Real Estate Equities worth $240,577,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Jones Financial Companies Lllp raised its holdings in shares of Alexandria Real Estate Equities by 192.9% during the fourth quarter. Jones Financial Companies Lllp now owns 1,119 shares of the real estate investment trust’s stock worth $109,000 after acquiring an additional 737 shares in the last quarter. SRS Capital Advisors Inc. increased its position in Alexandria Real Estate Equities by 156.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,375 shares of the real estate investment trust’s stock worth $232,000 after purchasing an additional 1,449 shares during the last quarter. Morgan Dempsey Capital Management LLC purchased a new stake in shares of Alexandria Real Estate Equities during the 4th quarter worth about $3,420,000. Sherman Asset Management Inc. acquired a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at about $75,000. Finally, Sage Investment Counsel LLC bought a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at approximately $361,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Trading Down 2.4 %

Shares of Alexandria Real Estate Equities stock opened at $99.73 on Friday. The company has a market cap of $17.26 billion, a price-to-earnings ratio of 55.40, a PEG ratio of 3.93 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 1 year low of $93.25 and a 1 year high of $130.14. The company’s fifty day simple moving average is $98.03 and its 200-day simple moving average is $108.06. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results 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 net margin of 10.36% and a return on equity of 1.43%. As a group, sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 yield of 5.29%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 293.33%.

Alexandria Real Estate Equities announced that its board has initiated a share repurchase 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 purchase up to 2.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ARE. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Royal Bank of Canada reduced 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 research note on Tuesday, December 17th. JPMorgan Chase & Co. cut shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $133.00 to $121.00 in a report on Wednesday, November 27th. Wedbush reissued a “neutral” rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Finally, JMP Securities reissued a “market outperform” rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.