Carmel Capital Partners LLC Purchases 589 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Carmel Capital Partners LLC boosted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 18.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,795 shares of the real estate investment trust’s stock after purchasing an additional 589 shares during the quarter. Carmel Capital Partners LLC’s holdings in Alexandria Real Estate Equities were worth $370,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Washington Trust Advisors Inc. raised its holdings in Alexandria Real Estate Equities by 57.6% in the fourth quarter. Washington Trust Advisors Inc. now owns 74,055 shares of the real estate investment trust’s stock worth $7,224,000 after purchasing an additional 27,051 shares in the last quarter. Raymond James Financial Inc. bought a new position in Alexandria Real Estate Equities in the fourth quarter worth $34,170,000. Arizona State Retirement System raised its holdings in Alexandria Real Estate Equities by 1.4% in the fourth quarter. Arizona State Retirement System now owns 45,727 shares of the real estate investment trust’s stock worth $4,461,000 after purchasing an additional 634 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Alexandria Real Estate Equities in the fourth quarter worth $29,000. Finally, M&T Bank Corp raised its holdings 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 worth $1,901,000 after purchasing an additional 127 shares in the last quarter. Institutional investors own 96.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. JMP Securities reiterated a “market outperform” rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Wedbush reissued a “neutral” rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Robert W. Baird cut their target price on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their target price for the stock from $135.00 to $112.00 in a research note on Friday, November 15th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $121.30.

Alexandria Real Estate Equities Price Performance

NYSE ARE opened at $102.27 on Thursday. Alexandria Real Estate Equities, Inc. has a one year low of $93.25 and a one year high of $130.14. The stock has a 50-day moving average of $98.02 and a 200 day moving average of $108.12. The company has a market capitalization of $17.70 billion, a price-to-earnings ratio of 56.81, a PEG ratio of 3.93 and a beta of 1.16. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, topping 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%. On average, sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $1.32 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $5.28 annualized dividend and a yield of 5.16%. Alexandria Real Estate Equities’s payout ratio is 293.33%.

Alexandria Real Estate Equities announced that its board has initiated a share buyback plan on Monday, December 9th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the real estate investment trust to repurchase up to 2.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is 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.