Toronto Dominion Bank Grows Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Toronto Dominion Bank increased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,257 shares of the real estate investment trust’s stock after purchasing an additional 392 shares during the period. Toronto Dominion Bank’s holdings in Alexandria Real Estate Equities were worth $9,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Catalyst Capital Advisors LLC purchased a new position in shares of Alexandria Real Estate Equities during the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of Alexandria Real Estate Equities in the third quarter worth about $30,000. UMB Bank n.a. grew its holdings in Alexandria Real Estate Equities by 132.8% during the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 154 shares during the period. Rothschild Investment LLC purchased a new position in Alexandria Real Estate Equities during the second quarter valued at approximately $33,000. Finally, Venturi Wealth Management LLC lifted its holdings 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 valued at $36,000 after acquiring an additional 180 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Performance

Shares of Alexandria Real Estate Equities stock opened at $102.67 on Friday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. Alexandria Real Estate Equities, Inc. has a twelve month low of $101.39 and a twelve month high of $135.45. The firm has a market capitalization of $17.94 billion, a PE ratio of 62.60, a P/E/G ratio of 3.87 and a beta of 1.14. The firm’s 50-day moving average price is $111.47 and its 200 day moving average price is $115.88.

Alexandria Real Estate Equities (NYSE:ARE) last announced its 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 net margin of 9.62% and a return on equity of 1.31%. Alexandria Real Estate Equities’s revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.26 EPS. On average, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $1.32 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $5.28 dividend on an annualized basis and a yield of 5.14%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 317.07%.

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 repurchase $500.00 million in shares. This repurchase authorization allows the real estate investment trust to repurchase up to 2.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ARE shares. JMP Securities dropped their price objective on shares of 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. Citigroup lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price target for the company from $130.00 to $125.00 in a research report on Friday, September 13th. Deutsche Bank Aktiengesellschaft downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $135.00 to $112.00 in a research report on Friday, November 15th. Wedbush reissued 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. Finally, JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and cut their price target for the company from $133.00 to $121.00 in a research note on Wednesday, November 27th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $125.82.

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.