OLD Mission Capital LLC Purchases New Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

OLD Mission Capital LLC bought a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,142 shares of the real estate investment trust’s stock, valued at approximately $599,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC bought a new position in Alexandria Real Estate Equities during the 4th quarter worth about $29,000. EverSource Wealth Advisors LLC lifted its position in shares of Alexandria Real Estate Equities by 57.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 109 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Alexandria Real Estate Equities during the third quarter valued at approximately $43,000. Spire Wealth Management increased its holdings in Alexandria Real Estate Equities by 72.5% during the fourth quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 250 shares during the period. Finally, Versant Capital Management Inc raised its stake in Alexandria Real Estate Equities by 129.9% in the fourth quarter. Versant Capital Management Inc now owns 745 shares of the real estate investment trust’s stock worth $73,000 after buying an additional 421 shares in the last quarter. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE ARE opened at $81.32 on Friday. The company has a 50 day simple moving average of $96.73 and a two-hundred day simple moving average of $104.51. The stock has a market cap of $14.08 billion, a price-to-earnings ratio of 45.18, a PEG ratio of 3.93 and a beta of 1.24. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a 12 month low of $81.20 and a 12 month high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results 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%. As a group, analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 6.49%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 293.33%.

Alexandria Real Estate Equities announced that its Board of Directors has approved a share repurchase program on Monday, December 9th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire up to 2.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ARE shares. StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday. Royal Bank of Canada reduced their target price on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a report on Tuesday, December 17th. Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a “hold” rating and a $100.00 price target on the stock. Wedbush reiterated a “neutral” rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Finally, JMP Securities restated a “market outperform” rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $118.60.

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.