Assetmark Inc. Raises Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Assetmark Inc. grew its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 11.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 41,915 shares of the real estate investment trust’s stock after purchasing an additional 4,224 shares during the quarter. Assetmark Inc.’s holdings in Alexandria Real Estate Equities were worth $4,089,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Callan Capital LLC raised its holdings in Alexandria Real Estate Equities by 1.3% in the fourth quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust’s stock worth $873,000 after buying an additional 111 shares during the last quarter. Capital Square LLC grew its stake in shares of Alexandria Real Estate Equities by 2.1% in the third quarter. Capital Square LLC now owns 5,811 shares of the real estate investment trust’s stock worth $690,000 after acquiring an additional 118 shares during the period. Venturi Wealth Management LLC grew its stake in shares of 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. Private Trust Co. NA grew its stake in shares of Alexandria Real Estate Equities by 30.2% in the fourth quarter. Private Trust Co. NA now owns 776 shares of the real estate investment trust’s stock worth $76,000 after acquiring an additional 180 shares during the period. Finally, Keudell Morrison Wealth Management grew its stake in shares of Alexandria Real Estate Equities by 8.7% in the fourth quarter. Keudell Morrison Wealth Management now owns 2,422 shares of the real estate investment trust’s stock worth $236,000 after acquiring an additional 194 shares during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $102.50 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. Alexandria Real Estate Equities, Inc. has a 1-year low of $93.25 and a 1-year high of $130.14. The company has a market capitalization of $17.74 billion, a P/E ratio of 56.95, a P/E/G ratio of 3.93 and a beta of 1.17. The firm’s 50 day simple moving average is $98.11 and its two-hundred day simple moving average is $107.92.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, beating the consensus estimate of $0.91 by $1.48. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. Research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities declared that its Board of Directors has authorized a stock repurchase plan on Monday, December 9th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire up to 2.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 5.15%. The ex-dividend date of this dividend is Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio is currently 293.33%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ARE shares. Royal Bank of Canada reduced their price target on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a research note on Tuesday, December 17th. JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. JMP Securities reiterated a “market outperform” rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their target price for the company from $135.00 to $112.00 in a research report on Friday, November 15th. Finally, StockNews.com upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $121.30.

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.