Geneos Wealth Management Inc. Boosts Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Geneos Wealth Management Inc. lifted its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 7.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,532 shares of the real estate investment trust’s stock after buying an additional 2,319 shares during the period. Geneos Wealth Management Inc.’s holdings in Alexandria Real Estate Equities were worth $3,173,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ARE. Catalyst Capital Advisors LLC purchased a new position in Alexandria Real Estate Equities in the third quarter worth $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter worth $30,000. Venturi Wealth Management LLC boosted its holdings in shares of Alexandria Real Estate Equities by 144.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 180 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Alexandria Real Estate Equities during the third quarter valued at about $43,000. Finally, M&R Capital Management Inc. purchased a new stake in Alexandria Real Estate Equities during the third quarter worth about $50,000. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $101.56 on Friday. The company has a 50 day moving average of $102.13 and a 200 day moving average of $112.29. 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 $17.75 billion, a P/E ratio of 61.92, a P/E/G ratio of 3.85 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 12 month low of $94.35 and a 12 month high of $130.14.

Alexandria Real Estate Equities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date was Tuesday, December 31st. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 321.95%.

Alexandria Real Estate Equities declared that its Board of Directors has authorized a share repurchase program on Monday, December 9th 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 2.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ARE shares. JPMorgan Chase & Co. downgraded shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $133.00 to $121.00 in a research report on Wednesday, November 27th. 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 research report on Friday, December 6th. JMP Securities dropped their price target on Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating on the stock in a research report on Friday, November 15th. Evercore ISI decreased their price objective 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. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price objective for the company from $135.00 to $112.00 in a report on Friday, November 15th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $121.90.

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.