Blue Trust Inc. Sells 1,235 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Blue Trust Inc. decreased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 51.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,164 shares of the real estate investment trust’s stock after selling 1,235 shares during the quarter. Blue Trust Inc.’s holdings in Alexandria Real Estate Equities were worth $114,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Catalyst Capital Advisors LLC purchased a new position in Alexandria Real Estate Equities in the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter valued at $30,000. Venturi Wealth Management LLC lifted its holdings in shares of Alexandria Real Estate Equities by 144.0% during the 3rd 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 last quarter. Wilmington Savings Fund Society FSB purchased a new position in Alexandria Real Estate Equities in the third quarter worth $43,000. Finally, Spire Wealth Management increased its stake in Alexandria Real Estate Equities by 72.5% in the fourth quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 250 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Trading Up 0.1 %

NYSE:ARE opened at $95.59 on Friday. The firm has a market capitalization of $16.55 billion, a P/E ratio of 53.11, a P/E/G ratio of 3.92 and a beta of 1.16. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The company has a fifty day moving average of $97.99 and a 200 day moving average of $109.00. Alexandria Real Estate Equities, Inc. has a 52 week low of $93.25 and a 52 week high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data 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%. On average, research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders 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 annualized dividend and a yield of 5.52%. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 293.33%.

Alexandria Real Estate Equities declared that its board has initiated a stock buyback plan on Monday, December 9th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to repurchase up to 2.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price target for the stock from $135.00 to $112.00 in a research note on Friday, November 15th. JMP Securities reissued a “market outperform” rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. StockNews.com lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Thursday. JPMorgan Chase & Co. downgraded shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. Finally, Royal Bank of Canada lowered their price objective 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $121.30.

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.