First Financial Bankshares Inc Has $28.34 Million Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

First Financial Bankshares Inc increased its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 15.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 290,538 shares of the real estate investment trust’s stock after purchasing an additional 39,662 shares during the period. First Financial Bankshares Inc’s holdings in Alexandria Real Estate Equities were worth $28,342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in ARE. EverSource Wealth Advisors LLC increased its position in Alexandria Real Estate Equities by 57.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 109 shares during the period. Callan Capital LLC raised its stake in Alexandria Real Estate Equities by 1.3% during the fourth quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust’s stock worth $873,000 after acquiring an additional 111 shares in the last quarter. Capital Square LLC boosted its stake in shares of Alexandria Real Estate Equities by 2.1% in the 3rd quarter. Capital Square LLC now owns 5,811 shares of the real estate investment trust’s stock valued at $690,000 after purchasing an additional 118 shares in the last quarter. M&T Bank Corp boosted its position in Alexandria Real Estate Equities by 0.7% in the fourth quarter. M&T Bank Corp now owns 19,478 shares of the real estate investment trust’s stock valued at $1,901,000 after buying an additional 127 shares in the last quarter. Finally, Private Trust Co. NA increased its holdings in shares of Alexandria Real Estate Equities by 30.2% during the fourth quarter. Private Trust Co. NA now owns 776 shares of the real estate investment trust’s stock worth $76,000 after buying an additional 180 shares in the last quarter. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

Shares of Alexandria Real Estate Equities stock opened at $98.34 on Wednesday. The business has a 50-day moving average price of $98.29 and a two-hundred day moving average price of $106.85. Alexandria Real Estate Equities, Inc. has a 1-year low of $93.25 and a 1-year high of $130.14. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. The company has a market cap of $17.02 billion, a P/E ratio of 54.63, a PEG ratio of 3.93 and a beta of 1.17.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business 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. This represents a $5.28 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities’s payout ratio is 293.33%.

Alexandria Real Estate Equities declared that its board has initiated a share buyback program 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 reacquire up to 2.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Jefferies Financial Group initiated coverage on Alexandria Real Estate Equities in a report on Monday. They issued a “hold” rating and a $100.00 target price for the company. StockNews.com downgraded Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Monday. JPMorgan Chase & Co. downgraded shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $133.00 to $121.00 in a research report on Wednesday, November 27th. Wedbush restated a “neutral” rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Finally, JMP Securities reiterated a “market outperform” rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $118.60.

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.