Core Alternative Capital Has $2.85 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Core Alternative Capital boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 6.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,164 shares of the real estate investment trust’s stock after buying an additional 1,818 shares during the quarter. Core Alternative Capital’s holdings in Alexandria Real Estate Equities were worth $2,845,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new stake in shares of Alexandria Real Estate Equities during the third quarter worth $25,000. Ashton Thomas Securities LLC acquired a new stake in Alexandria Real Estate Equities in the third quarter worth about $30,000. Venturi Wealth Management LLC raised 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 purchasing an additional 180 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Alexandria Real Estate Equities during the 3rd quarter valued at about $43,000. Finally, Spire Wealth Management boosted its stake 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 valued at $58,000 after purchasing an additional 250 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $95.47 on Tuesday. The firm has a market cap of $16.53 billion, a P/E ratio of 53.04, a PEG ratio of 3.67 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a twelve month low of $93.80 and a twelve month high of $130.14. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. The firm’s 50 day moving average price is $99.82 and its two-hundred day moving average price is $110.25.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, beating 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%. On average, analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.34 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 repurchase $500.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to buy up to 2.7% of its stock through open market purchases. Stock repurchase plans are often a sign 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. Investors of record on Tuesday, December 31st were issued a dividend of $1.32 per share. The ex-dividend date was Tuesday, December 31st. This is an increase 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 5.53%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 293.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wedbush reissued a “neutral” rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. JMP Securities reiterated a “market outperform” rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Royal Bank of Canada reduced their price target on Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating on the stock in a research report on Tuesday, December 17th. JPMorgan Chase & Co. downgraded 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 report on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their target price for the stock from $135.00 to $112.00 in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, nine have issued 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 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.