Wealth Enhancement Advisory Services LLC Purchases 15,092 Shares of Alexandria Real Estate Equities, Inc. $ARE

Wealth Enhancement Advisory Services LLC raised its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 23.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,464 shares of the real estate investment trust’s stock after buying an additional 15,092 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Alexandria Real Estate Equities were worth $6,205,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in Alexandria Real Estate Equities during the 2nd quarter worth approximately $1,195,306,000. DAVENPORT & Co LLC increased its holdings in Alexandria Real Estate Equities by 1,796.2% during the 2nd quarter. DAVENPORT & Co LLC now owns 835,789 shares of the real estate investment trust’s stock valued at $60,814,000 after purchasing an additional 791,712 shares in the last quarter. Lasalle Investment Management Securities LLC raised its position in Alexandria Real Estate Equities by 89.2% in the 2nd quarter. Lasalle Investment Management Securities LLC now owns 1,175,406 shares of the real estate investment trust’s stock valued at $85,370,000 after purchasing an additional 554,236 shares during the last quarter. Invesco Ltd. boosted its stake in Alexandria Real Estate Equities by 16.8% in the second quarter. Invesco Ltd. now owns 3,676,318 shares of the real estate investment trust’s stock worth $267,011,000 after purchasing an additional 528,575 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Alexandria Real Estate Equities by 34.0% during the second quarter. AQR Capital Management LLC now owns 2,033,247 shares of the real estate investment trust’s stock worth $145,601,000 after purchasing an additional 515,405 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

Shares of ARE opened at $59.72 on Monday. The stock has a market cap of $10.32 billion, a P/E ratio of -24.18, a price-to-earnings-growth ratio of 7.21 and a beta of 1.31. Alexandria Real Estate Equities, Inc. has a 1 year low of $44.10 and a 1 year high of $105.14. The stock’s 50-day moving average price is $51.05 and its two-hundred day moving average price is $67.30. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.65.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $2.22 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.09). The business had revenue of $751.94 million for the quarter, compared to analyst estimates of $752.90 million. Alexandria Real Estate Equities had a negative return on equity of 1.89% and a negative net margin of 13.43%.The business’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.37 EPS. On average, equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities announced that its board has initiated a share buyback plan on Monday, December 8th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to purchase up to 6.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Alexandria Real Estate Equities Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Wednesday, December 31st. Alexandria Real Estate Equities’s payout ratio is currently -116.60%.

Insiders Place Their Bets

In other news, Director Sheila K. Mcgrath purchased 3,100 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were purchased at an average price of $45.60 per share, with a total value of $141,360.00. Following the purchase, the director directly owned 8,392 shares of the company’s stock, valued at $382,675.20. This trade represents a 58.58% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on ARE shares. BNP Paribas Exane cut their price target on Alexandria Real Estate Equities from $72.00 to $50.00 and set an “underperform” rating for the company in a report on Thursday, December 4th. JPMorgan Chase & Co. lowered their price target on shares of Alexandria Real Estate Equities from $65.00 to $63.00 and set a “neutral” rating for the company in a report on Wednesday, January 14th. BMO Capital Markets set a $60.00 price objective on Alexandria Real Estate Equities in a research report on Thursday, December 4th. Robert W. Baird lowered their target price on Alexandria Real Estate Equities from $73.00 to $67.00 and set an “outperform” rating for the company in a research note on Thursday, December 4th. Finally, Morgan Stanley started coverage on Alexandria Real Estate Equities in a research report on Friday, January 9th. They set an “equal weight” rating and a $55.00 target price for the company. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $63.57.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE: ARE) is a real estate investment trust specializing in the ownership, development and management of collaborative life science and technology campuses. The company’s properties are designed to support research and innovation by providing specialized laboratory, office and manufacturing space tailored to biotechnology, pharmaceutical, academic and related industries.

Since its founding in 1994, Alexandria has cultivated a diversified portfolio of campuses across leading innovation clusters in North America and Europe.