Cascade Investment Advisors Inc. Purchases 1,280 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Cascade Investment Advisors Inc. boosted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 12.7% in the 4th quarter, Holdings Channel reports. The firm owned 11,355 shares of the real estate investment trust’s stock after buying 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 quarter.

A number of other large investors also recently bought and sold shares of the business. Catalyst Capital Advisors LLC purchased a new stake in shares of Alexandria Real Estate Equities during the third quarter valued at $25,000. Ashton Thomas Securities LLC bought a new position in Alexandria Real Estate Equities in the 3rd quarter worth about $30,000. Venturi Wealth Management LLC increased its position in shares of Alexandria Real Estate Equities by 144.0% during the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 180 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Alexandria Real Estate Equities during the third quarter valued at approximately $43,000. Finally, M&R Capital Management Inc. purchased a new stake in shares of Alexandria Real Estate Equities in the third quarter valued at approximately $50,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $102.03 on Tuesday. The stock’s 50-day moving average is $102.13 and its two-hundred day moving average is $112.23. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20. Alexandria Real Estate Equities, Inc. has a 1 year low of $94.35 and a 1 year high of $130.14. The firm has a market cap of $17.83 billion, a price-to-earnings ratio of 62.21, a PEG 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, beating analysts’ consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. Analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $1.32 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.18%. 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 presently 321.95%.

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

Analysts Set New Price Targets

Several research firms recently weighed in on ARE. Robert W. Baird decreased their price objective on 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. Deutsche Bank Aktiengesellschaft downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price objective for the stock from $135.00 to $112.00 in a research report on Friday, November 15th. JPMorgan Chase & Co. cut shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $133.00 to $121.00 in a research report on Wednesday, November 27th. Royal Bank of Canada reduced their price target on Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating on the stock in a research report on Tuesday, December 17th. Finally, Wedbush restated an “outperform” rating and set a $110.00 target price (down from $120.00) on shares of Alexandria Real Estate Equities in a research note on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $121.90.

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.