Kavar Capital Partners Group LLC Has $820,000 Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Kavar Capital Partners Group LLC lessened its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 32.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,406 shares of the real estate investment trust’s stock after selling 3,982 shares during the period. Kavar Capital Partners Group LLC’s holdings in Alexandria Real Estate Equities were worth $820,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Pathway Financial Advisers LLC grew its holdings in shares of Alexandria Real Estate Equities by 11,449.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust’s stock valued at $169,056,000 after purchasing an additional 1,411,304 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of Alexandria Real Estate Equities by 350.0% during the third quarter. National Bank of Canada FI now owns 341,357 shares of the real estate investment trust’s stock worth $40,536,000 after buying an additional 265,508 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Alexandria Real Estate Equities by 501.1% in the 3rd quarter. Raymond James & Associates now owns 290,857 shares of the real estate investment trust’s stock valued at $34,539,000 after acquiring an additional 242,466 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Alexandria Real Estate Equities by 114.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 435,416 shares of the real estate investment trust’s stock valued at $51,706,000 after acquiring an additional 232,817 shares in the last quarter. Finally, KBC Group NV grew its position in Alexandria Real Estate Equities by 315.9% during the 3rd quarter. KBC Group NV now owns 169,350 shares of the real estate investment trust’s stock worth $20,110,000 after acquiring an additional 128,634 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analyst Ratings Changes

ARE has been the subject of several research reports. Royal Bank of Canada dropped their target price on Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a research report on Tuesday, December 17th. Evercore ISI cut their target price on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 23rd. JMP Securities decreased their price target on shares of Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating for the company in a research report on Friday, November 15th. Wedbush reiterated an “outperform” rating and set a $110.00 price target (down previously from $120.00) on shares of Alexandria Real Estate Equities in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. downgraded Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $133.00 to $121.00 in a report on Wednesday, November 27th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $121.90.

Alexandria Real Estate Equities Trading Up 1.1 %

NYSE ARE opened at $101.56 on Monday. The stock has a market capitalization of $17.75 billion, a P/E ratio of 61.92, a P/E/G ratio of 3.85 and a beta of 1.16. The business has a 50 day simple moving average of $102.13 and a 200 day simple moving average of $112.26. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. 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 announced that its board has authorized a stock repurchase plan on Monday, December 9th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Alexandria Real Estate Equities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $1.32 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $5.28 annualized dividend and a dividend yield of 5.20%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. Alexandria Real Estate Equities’s payout ratio is currently 321.95%.

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.