Park Place Capital Corp Buys 686 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Park Place Capital Corp lifted its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 42.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,319 shares of the real estate investment trust’s stock after acquiring an additional 686 shares during the quarter. Park Place Capital Corp’s holdings in Alexandria Real Estate Equities were worth $226,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new stake in Alexandria Real Estate Equities during the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Alexandria Real Estate Equities in the third quarter valued at about $30,000. Venturi Wealth Management LLC lifted its stake in Alexandria Real Estate Equities by 144.0% in 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 position in Alexandria Real Estate Equities during the 3rd quarter worth about $43,000. Finally, M&R Capital Management Inc. purchased a new position in Alexandria Real Estate Equities during the 3rd quarter valued at about $50,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Down 2.1 %

NYSE ARE opened at $100.65 on Thursday. Alexandria Real Estate Equities, Inc. has a 12-month low of $94.35 and a 12-month high of $130.14. The company has a fifty day simple moving average of $102.54 and a two-hundred day simple moving average of $112.56. 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 stock has a market cap of $17.59 billion, a P/E ratio of 61.37, a P/E/G ratio of 3.90 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). The firm had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The business’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.26 EPS. On average, analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

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

Alexandria Real Estate Equities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $1.32 per share. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. 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 5.25%. Alexandria Real Estate Equities’s payout ratio is 321.95%.

Wall Street Analysts Forecast Growth

ARE has been the subject of several research reports. JPMorgan Chase & Co. cut shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $133.00 to $121.00 in a research report on Wednesday, November 27th. Evercore ISI cut their price target on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a report on Wednesday, October 23rd. 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 research note on Friday, November 8th. JMP Securities cut their target price on Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating on the stock in a research note on Friday, November 15th. Finally, BMO Capital Markets raised shares of Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $121.90.

Alexandria Real Estate Equities 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.