Vert Asset Management LLC Boosts Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Vert Asset Management LLC raised its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 13.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 69,445 shares of the real estate investment trust’s stock after purchasing an additional 8,435 shares during the quarter. Alexandria Real Estate Equities accounts for approximately 2.3% of Vert Asset Management LLC’s holdings, making the stock its 16th biggest position. Vert Asset Management LLC’s holdings in Alexandria Real Estate Equities were worth $6,774,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. increased its stake in shares of Alexandria Real Estate Equities by 4.3% in the 2nd quarter. Sei Investments Co. now owns 14,095 shares of the real estate investment trust’s stock worth $1,649,000 after purchasing an additional 581 shares in the last quarter. Public Sector Pension Investment Board raised its stake in Alexandria Real Estate Equities by 20.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 21,856 shares of the real estate investment trust’s stock worth $2,556,000 after acquiring an additional 3,673 shares during the period. AQR Capital Management LLC boosted its position in shares of Alexandria Real Estate Equities by 160.5% in the second quarter. AQR Capital Management LLC now owns 40,663 shares of the real estate investment trust’s stock worth $4,703,000 after purchasing an additional 25,056 shares during the period. APG Asset Management N.V. raised its position in shares of Alexandria Real Estate Equities by 227.6% during the 2nd quarter. APG Asset Management N.V. now owns 17,847 shares of the real estate investment trust’s stock valued at $1,948,000 after purchasing an additional 12,400 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Alexandria Real Estate Equities by 10.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,193 shares of the real estate investment trust’s stock valued at $374,000 after buying an additional 294 shares in the last quarter. Institutional investors own 96.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ARE shares. Evercore ISI lowered their price objective on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 23rd. Wedbush restated an “outperform” rating and issued a $110.00 price target (down from $120.00) on shares of Alexandria Real Estate Equities in a research note on Friday, December 6th. JPMorgan Chase & Co. cut shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $133.00 to $121.00 in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft cut 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 note on Friday, November 15th. Finally, Royal Bank of Canada dropped their price objective on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a report on Tuesday, December 17th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $121.90.

Alexandria Real Estate Equities Price Performance

NYSE:ARE opened at $102.03 on Tuesday. The firm has a market capitalization of $17.83 billion, a price-to-earnings ratio of 62.21, a PEG ratio of 3.85 and a beta of 1.16. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. The business has a 50 day simple moving average of $102.13 and a 200-day simple moving average of $112.23. Alexandria Real Estate Equities, Inc. has a 1 year low of $94.35 and a 1 year high of $130.14.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. Equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Increases Dividend

The company 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 is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. This represents a $5.28 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date was Tuesday, December 31st. Alexandria Real Estate Equities’s dividend payout ratio is 321.95%.

Alexandria Real Estate Equities announced that its board has authorized a stock repurchase program 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 stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

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.