Oak Thistle LLC Buys Shares of 13,221 Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Oak Thistle LLC purchased a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,221 shares of the real estate investment trust’s stock, valued at approximately $1,290,000.

Other institutional investors have also modified their holdings of the company. Catalyst Capital Advisors LLC purchased a new stake in Alexandria Real Estate Equities during the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Alexandria Real Estate Equities during the third quarter worth $30,000. Venturi Wealth Management LLC boosted its position in shares of Alexandria Real Estate Equities by 144.0% in 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 in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Alexandria Real Estate Equities during the 3rd quarter worth $43,000. Finally, M&R Capital Management Inc. acquired a new position in Alexandria Real Estate Equities during the 3rd quarter valued at about $50,000. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Stock Up 0.1 %

NYSE ARE opened at $97.77 on Wednesday. The business has a fifty day moving average price of $103.64 and a 200 day moving average price of $113.11. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20. The company has a market cap of $17.09 billion, a P/E ratio of 59.62, a P/E/G ratio of 3.87 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a one year low of $94.35 and a one year high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results 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 analyst estimates of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. Alexandria Real Estate Equities’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the company earned $2.26 earnings per share. Research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $1.32 dividend. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. The ex-dividend date is Tuesday, December 31st. This represents a $5.28 annualized dividend and a dividend yield of 5.40%. Alexandria Real Estate Equities’s dividend payout ratio is 321.95%.

Alexandria Real Estate Equities declared that its board has authorized a share repurchase program on Monday, December 9th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the real estate investment trust to purchase up to 2.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

ARE has been the subject of several recent analyst reports. Evercore ISI lowered their price target 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. BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Royal Bank of Canada cut their price target on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating on the stock in a research note on Tuesday, December 17th. Robert W. Baird decreased their price target on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price objective for the company from $135.00 to $112.00 in a report on Friday, November 15th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Alexandria Real Estate Equities presently has an average rating of “Hold” and an average target price of $121.90.

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.