Sherman Asset Management Inc. Invests $75,000 in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Sherman Asset Management Inc. purchased a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 766 shares of the real estate investment trust’s stock, valued at approximately $75,000.

Several other institutional investors also recently modified their holdings of ARE. Private Advisor Group LLC grew its position in shares of Alexandria Real Estate Equities by 5.1% during the 3rd quarter. Private Advisor Group LLC now owns 2,651 shares of the real estate investment trust’s stock worth $315,000 after buying an additional 129 shares during the period. Assenagon Asset Management S.A. grew its holdings in Alexandria Real Estate Equities by 28.5% during the third quarter. Assenagon Asset Management S.A. now owns 3,162 shares of the real estate investment trust’s stock valued at $375,000 after purchasing an additional 702 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Alexandria Real Estate Equities by 30.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,550 shares of the real estate investment trust’s stock valued at $540,000 after purchasing an additional 1,062 shares during the period. First Trust Direct Indexing L.P. grew its holdings in Alexandria Real Estate Equities by 6.5% during the third quarter. First Trust Direct Indexing L.P. now owns 3,729 shares of the real estate investment trust’s stock valued at $443,000 after purchasing an additional 228 shares during the period. Finally, US Bancorp DE grew its holdings in Alexandria Real Estate Equities by 23.1% during the third quarter. US Bancorp DE now owns 20,470 shares of the real estate investment trust’s stock valued at $2,431,000 after purchasing an additional 3,847 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $102.48 on Friday. The company’s fifty day simple moving average is $97.89 and its 200-day simple moving average is $108.39. 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 firm has a market cap of $17.74 billion, a PE ratio of 56.93, a P/E/G ratio of 3.93 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 12 month low of $93.25 and a 12 month high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, topping 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%. Equities 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 buyback plan on Monday, December 9th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Alexandria Real Estate Equities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $1.32 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. This represents a $5.28 annualized dividend and a dividend yield of 5.15%. Alexandria Real Estate Equities’s dividend payout ratio is presently 293.33%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wedbush reiterated a “neutral” rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. 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 report on Tuesday, December 17th. Robert W. Baird reduced 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. StockNews.com upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price target for the company from $135.00 to $112.00 in a report on Friday, November 15th. 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.com, the stock 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.