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

Vert Asset Management LLC increased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 4.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 72,361 shares of the real estate investment trust’s stock after purchasing an additional 2,916 shares during the period. Alexandria Real Estate Equities comprises about 2.3% of Vert Asset Management LLC’s investment portfolio, making the stock its 15th biggest holding. Vert Asset Management LLC’s holdings in Alexandria Real Estate Equities were worth $6,694,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Spire Wealth Management grew its holdings in shares of Alexandria Real Estate Equities by 72.5% during the fourth quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 250 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Alexandria Real Estate Equities by 9.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,297 shares of the real estate investment trust’s stock worth $2,973,000 after acquiring an additional 2,568 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in Alexandria Real Estate Equities by 5.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,541 shares of the real estate investment trust’s stock worth $88,140,000 after acquiring an additional 42,825 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Alexandria Real Estate Equities by 4.0% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,006 shares of the real estate investment trust’s stock valued at $5,073,000 after purchasing an additional 2,006 shares during the period. Finally, Apollon Wealth Management LLC increased its holdings in shares of Alexandria Real Estate Equities by 29.9% in the 4th quarter. Apollon Wealth Management LLC now owns 3,317 shares of the real estate investment trust’s stock valued at $324,000 after purchasing an additional 764 shares during the period. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Stock Up 1.5%

Shares of ARE stock opened at $70.57 on Monday. The stock’s 50 day simple moving average is $74.52 and its 200 day simple moving average is $90.84. Alexandria Real Estate Equities, Inc. has a twelve month low of $67.37 and a twelve month high of $130.14. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. The company has a market capitalization of $12.21 billion, a price-to-earnings ratio of 39.21, a PEG ratio of 3.93 and a beta of 1.25.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $0.02. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. The company had revenue of $758.16 million for the quarter, compared to analyst estimates of $755.64 million. During the same quarter last year, the firm posted $2.35 earnings per share. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $1.32 per share. The ex-dividend date is Monday, June 30th. This represents a $5.28 annualized dividend and a dividend yield of 7.48%. Alexandria Real Estate Equities’s dividend payout ratio is presently 694.74%.

Analysts Set New Price Targets

A number of brokerages recently commented on ARE. JMP Securities reaffirmed a “market outperform” rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They set a “hold” rating and a $100.00 price target on the stock. Wall Street Zen upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on Alexandria Real Estate Equities from $117.00 to $95.00 and set a “neutral” rating for the company in a research report on Tuesday, May 20th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $116.00.

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.