Hohimer Wealth Management LLC Trims Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Hohimer Wealth Management LLC decreased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,786 shares of the real estate investment trust’s stock after selling 163 shares during the quarter. Hohimer Wealth Management LLC’s holdings in Alexandria Real Estate Equities were worth $2,943,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Cetera Investment Advisers raised its stake in Alexandria Real Estate Equities by 106.2% in the first quarter. Cetera Investment Advisers now owns 16,767 shares of the real estate investment trust’s stock worth $2,162,000 after buying an additional 8,637 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of Alexandria Real Estate Equities in the 1st quarter worth approximately $485,000. CWM LLC lifted its stake in shares of Alexandria Real Estate Equities by 5.7% in the 2nd quarter. CWM LLC now owns 4,522 shares of the real estate investment trust’s stock valued at $529,000 after purchasing an additional 242 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Alexandria Real Estate Equities by 38.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,488 shares of the real estate investment trust’s stock valued at $408,000 after purchasing an additional 968 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in Alexandria Real Estate Equities by 6.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,945 shares of the real estate investment trust’s stock worth $578,000 after purchasing an additional 318 shares during the period. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Down 2.1 %

NYSE:ARE opened at $104.48 on Wednesday. The company has a market cap of $18.26 billion, a PE ratio of 63.71, a price-to-earnings-growth ratio of 3.89 and a beta of 1.15. 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 50 day simple moving average of $112.48 and a two-hundred day simple moving average of $116.27. Alexandria Real Estate Equities, Inc. has a 12 month low of $102.89 and a 12 month high of $135.45.

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

Alexandria Real Estate Equities announced that its Board of Directors has approved a share buyback plan 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 plans are typically an indication that the company’s management believes its shares are undervalued.

Alexandria Real Estate Equities Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 5.05%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. Alexandria Real Estate Equities’s dividend payout ratio is 317.07%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their price target for the company from $135.00 to $112.00 in a research report on Friday, November 15th. Royal Bank of Canada reissued a “sector perform” rating and issued a $125.00 price target (down from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday, October 24th. Robert W. Baird reduced 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 report on Friday, November 8th. Wedbush reissued an “outperform” rating and issued a $110.00 target price (down from $120.00) on shares of Alexandria Real Estate Equities in a report on Friday, December 6th. Finally, Evercore ISI reduced their price target on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a report on Wednesday, October 23rd. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $125.82.

About Alexandria Real Estate Equities

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.