Versant Capital Management Inc Buys 421 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Versant Capital Management Inc boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 129.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 745 shares of the real estate investment trust’s stock after buying an additional 421 shares during the quarter. Versant Capital Management Inc’s holdings in Alexandria Real Estate Equities were worth $73,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ARE. CIBC Asset Management Inc grew its stake in Alexandria Real Estate Equities by 67.3% in the 3rd 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 in the last quarter. Pathway Financial Advisers LLC grew its stake in 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 worth $169,056,000 after purchasing an additional 1,411,304 shares in the last quarter. Natixis Advisors LLC increased its holdings in Alexandria Real Estate Equities by 10.0% during the 3rd quarter. Natixis Advisors LLC now owns 120,098 shares of the real estate investment trust’s stock worth $14,262,000 after purchasing an additional 10,917 shares during the period. Charles Schwab Investment Management Inc. raised its position in Alexandria Real Estate Equities by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,450,902 shares of the real estate investment trust’s stock valued at $291,045,000 after purchasing an additional 72,934 shares in the last quarter. Finally, National Bank of Canada FI grew its position in shares of Alexandria Real Estate Equities by 117.7% during the 2nd quarter. National Bank of Canada FI now owns 75,849 shares of the real estate investment trust’s stock worth $8,784,000 after buying an additional 41,002 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ARE shares. Robert W. Baird reduced their price target on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their price target for the company from $135.00 to $112.00 in a research report on Friday, November 15th. Wedbush reiterated an “outperform” rating and set a $110.00 price objective (down previously from $120.00) on shares of Alexandria Real Estate Equities in a research note on Friday, December 6th. Royal Bank of Canada lowered 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. Finally, JMP Securities reduced 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. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $121.90.

Alexandria Real Estate Equities Trading Up 1.7 %

Shares of ARE opened at $99.16 on Monday. The stock’s 50-day moving average is $105.78 and its two-hundred day moving average is $114.06. Alexandria Real Estate Equities, Inc. has a 12 month low of $96.33 and a 12 month high of $130.40. 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 stock has a market cap of $17.33 billion, a PE ratio of 60.46, a P/E/G ratio of 3.87 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($1.42). The firm had revenue of $791.60 million for the quarter, compared to the consensus estimate of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.26 earnings per share. Equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $1.32 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $5.28 annualized dividend and a dividend yield of 5.32%. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. Alexandria Real Estate Equities’s payout ratio is currently 321.95%.

Alexandria Real Estate Equities announced that its board has initiated a share buyback plan on Monday, December 9th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the real estate investment trust to buy up to 2.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

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.