IHT Wealth Management LLC Acquires Shares of 3,049 Alexandria Real Estate Equities, Inc. (NYSE:ARE)

IHT Wealth Management LLC acquired a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,049 shares of the real estate investment trust’s stock, valued at approximately $360,000.

Several other large investors also recently added to or reduced their stakes in ARE. Catalyst Capital Advisors LLC purchased a new stake in Alexandria Real Estate Equities in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new stake in Alexandria Real Estate Equities in the 3rd quarter valued at about $30,000. UMB Bank n.a. boosted its position in Alexandria Real Estate Equities by 132.8% in the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 154 shares during the period. Rothschild Investment LLC purchased a new stake in Alexandria Real Estate Equities in the 2nd quarter valued at about $33,000. Finally, Venturi Wealth Management LLC boosted its position in Alexandria Real Estate Equities by 144.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 180 shares during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Trading Up 2.8 %

NYSE:ARE opened at $106.76 on Tuesday. Alexandria Real Estate Equities, Inc. has a 52 week low of $102.89 and a 52 week high of $135.45. The firm has a 50 day moving average of $112.48 and a 200 day moving average of $116.27. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $18.66 billion, a price-to-earnings ratio of 65.10, a PEG ratio of 3.89 and a beta of 1.15.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The company had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. During the same quarter in the previous year, the company posted $2.26 EPS. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities declared that its Board of Directors has initiated a share buyback plan on Monday, December 9th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to buy up to 2.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Alexandria Real Estate Equities Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be 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 4.95%. Alexandria Real Estate Equities’s dividend payout ratio is presently 317.07%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ARE shares. Wedbush reaffirmed an “outperform” rating and issued a $110.00 price target (down previously from $120.00) on shares of Alexandria Real Estate Equities in a research report on Friday. Citigroup cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $130.00 to $125.00 in a research report on Friday, September 13th. Deutsche Bank Aktiengesellschaft cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their price target for the stock from $135.00 to $112.00 in a research report on Friday, November 15th. JMP Securities lowered their price target on shares of Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating for the company in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. cut shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $133.00 to $121.00 in a research report on Wednesday, November 27th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Alexandria Real Estate Equities presently has a consensus rating of “Hold” and a consensus price target of $125.82.

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.