Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Acquired by TD Private Client Wealth LLC

TD Private Client Wealth LLC grew its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 5,113.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 12,825 shares of the real estate investment trust’s stock after buying an additional 12,579 shares during the period. TD Private Client Wealth LLC’s holdings in Alexandria Real Estate Equities were worth $1,523,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new stake in Alexandria Real Estate Equities in the third quarter worth about $25,000. Ashton Thomas Securities LLC acquired a new stake in Alexandria Real Estate Equities in the third quarter worth about $30,000. UMB Bank n.a. boosted its holdings in Alexandria Real Estate Equities by 132.8% in the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 154 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of Alexandria Real Estate Equities during the second quarter worth about $33,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Alexandria Real Estate Equities by 144.0% during the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 180 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Evercore ISI decreased their target price on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a report on Wednesday, October 23rd. JMP Securities decreased their target price on Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating for the company in a report on Friday, November 15th. JPMorgan Chase & Co. downgraded Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $133.00 to $121.00 in a report on Wednesday, November 27th. Citigroup downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $130.00 to $125.00 in a report on Friday, September 13th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $125.00 target price (down previously from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday, October 24th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $125.82.

Alexandria Real Estate Equities Trading Down 0.7 %

Shares of NYSE:ARE opened at $102.66 on Friday. Alexandria Real Estate Equities, Inc. has a 12-month low of $102.56 and a 12-month high of $135.45. The company has a market capitalization of $17.94 billion, a PE ratio of 62.60, a PEG ratio of 3.89 and a beta of 1.14. The business has a 50 day moving average of $111.97 and a two-hundred day moving average of $116.08. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56.

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

Alexandria Real Estate Equities Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $1.32 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.14%. Alexandria Real Estate Equities’s payout ratio is 321.95%.

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

Alexandria Real Estate Equities Company 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.