Cascade Investment Advisors Inc. Has $1.11 Million Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Cascade Investment Advisors Inc. increased its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 12.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,355 shares of the real estate investment trust’s stock after acquiring an additional 1,280 shares during the quarter. Cascade Investment Advisors Inc.’s holdings in Alexandria Real Estate Equities were worth $1,108,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Sei Investments Co. raised its position in shares of Alexandria Real Estate Equities by 4.3% in the 2nd quarter. Sei Investments Co. now owns 14,095 shares of the real estate investment trust’s stock worth $1,649,000 after acquiring an additional 581 shares in the last quarter. Public Sector Pension Investment Board increased its position in shares of Alexandria Real Estate Equities by 20.2% during the second quarter. Public Sector Pension Investment Board now owns 21,856 shares of the real estate investment trust’s stock worth $2,556,000 after acquiring an additional 3,673 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Alexandria Real Estate Equities by 160.5% in the second quarter. AQR Capital Management LLC now owns 40,663 shares of the real estate investment trust’s stock worth $4,703,000 after purchasing an additional 25,056 shares during the last quarter. APG Asset Management N.V. boosted its holdings in Alexandria Real Estate Equities by 227.6% during the second quarter. APG Asset Management N.V. now owns 17,847 shares of the real estate investment trust’s stock worth $1,948,000 after purchasing an additional 12,400 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Alexandria Real Estate Equities by 10.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,193 shares of the real estate investment trust’s stock valued at $374,000 after purchasing an additional 294 shares during the period. 96.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft downgraded 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. JMP Securities cut 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 report on Friday, November 15th. Evercore ISI reduced their price target on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. downgraded Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $133.00 to $121.00 in a research report on Wednesday, November 27th. Finally, Robert W. Baird reduced their target price on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $121.90.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $102.03 on Tuesday. Alexandria Real Estate Equities, Inc. has a 12 month low of $94.35 and a 12 month high of $130.14. The business’s fifty day simple moving average is $102.13 and its two-hundred day simple moving average is $112.23. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. The company has a market cap of $17.83 billion, a price-to-earnings ratio of 62.21, a P/E/G ratio of 3.85 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, topping the consensus estimate of $0.91 by $1.48. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. Research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $1.32 per share. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. This represents a $5.28 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date of this dividend was Tuesday, December 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 321.95%.

Alexandria Real Estate Equities announced that its Board of Directors has authorized a stock repurchase program on Monday, December 9th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to reacquire up to 2.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board 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.