Fourpath Capital Management LLC Grows Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Fourpath Capital Management LLC grew its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 59.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,565 shares of the real estate investment trust’s stock after acquiring an additional 2,083 shares during the period. Fourpath Capital Management LLC’s holdings in Alexandria Real Estate Equities were worth $543,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ARE. Fulton Bank N.A. increased its position in shares of Alexandria Real Estate Equities by 77.7% in the fourth quarter. Fulton Bank N.A. now owns 16,165 shares of the real estate investment trust’s stock valued at $1,577,000 after buying an additional 7,070 shares in the last quarter. CCLA Investment Management increased its holdings in Alexandria Real Estate Equities by 4.0% during the 4th quarter. CCLA Investment Management now owns 841,435 shares of the real estate investment trust’s stock valued at $82,023,000 after acquiring an additional 32,367 shares in the last quarter. CIBC Asset Management Inc raised its position in Alexandria Real Estate Equities by 67.3% during the third quarter. CIBC Asset Management Inc now owns 37,276 shares of the real estate investment trust’s stock worth $4,427,000 after acquiring an additional 14,992 shares during the last quarter. Pathway Financial Advisers LLC lifted its holdings in shares of Alexandria Real Estate Equities by 11,449.8% in the third quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust’s stock valued at $169,056,000 after purchasing an additional 1,411,304 shares in the last quarter. Finally, Vert Asset Management LLC grew its position in shares of Alexandria Real Estate Equities by 13.8% in the fourth quarter. Vert Asset Management LLC now owns 69,445 shares of the real estate investment trust’s stock valued at $6,774,000 after purchasing an additional 8,435 shares during the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ARE shares. JMP Securities reissued a “market outperform” rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Royal Bank of Canada cut their target price 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. StockNews.com cut shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Wednesday, January 29th. Robert W. Baird lowered their price target on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price objective for the company from $135.00 to $112.00 in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $121.30.

Alexandria Real Estate Equities Price Performance

NYSE:ARE opened at $94.61 on Tuesday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The business’s 50-day moving average price is $101.34 and its 200 day moving average price is $111.20. Alexandria Real Estate Equities, Inc. has a 52-week low of $94.35 and a 52-week high of $130.14. The firm has a market cap of $16.38 billion, a P/E ratio of 52.56, a PEG ratio of 3.69 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. As a group, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.34 earnings per share for the current fiscal year.

Alexandria Real Estate Equities announced that its Board of Directors has approved a stock buyback plan on Monday, December 9th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the real estate investment trust to buy up to 2.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Alexandria Real Estate Equities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 5.58%. The ex-dividend date was Tuesday, December 31st. 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 is currently 293.33%.

Alexandria Real Estate Equities Company 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.