Fourpath Capital Management LLC Purchases 2,083 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Fourpath Capital Management LLC lifted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 59.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,565 shares of the real estate investment trust’s stock after buying an additional 2,083 shares during the period. Fourpath Capital Management LLC’s holdings in Alexandria Real Estate Equities were worth $543,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Spire Wealth Management boosted its stake in Alexandria Real Estate Equities by 72.5% during the 4th quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 250 shares during the last quarter. Keudell Morrison Wealth Management boosted its position in shares of Alexandria Real Estate Equities by 8.7% during the fourth quarter. Keudell Morrison Wealth Management now owns 2,422 shares of the real estate investment trust’s stock valued at $236,000 after buying an additional 194 shares during the last quarter. Abel Hall LLC bought a new stake in Alexandria Real Estate Equities in the 4th quarter worth about $716,000. Forsta AP Fonden raised its position in Alexandria Real Estate Equities by 6.4% in the 4th quarter. Forsta AP Fonden now owns 36,400 shares of the real estate investment trust’s stock worth $3,551,000 after buying an additional 2,200 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Alexandria Real Estate Equities by 1.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 100,964 shares of the real estate investment trust’s stock valued at $9,849,000 after acquiring an additional 1,758 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ARE shares. Wedbush reaffirmed a “neutral” rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Evercore ISI reduced their price objective on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a research report on Wednesday, October 23rd. JMP Securities reissued a “market outperform” rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price target for the company from $135.00 to $112.00 in a research note on Friday, November 15th. Finally, Robert W. Baird lowered their price objective on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $121.30.

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE opened at $94.61 on Tuesday. Alexandria Real Estate Equities, Inc. has a 52 week low of $94.35 and a 52 week high of $130.14. 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 $16.38 billion, a P/E ratio of 52.56, a P/E/G ratio of 3.69 and a beta of 1.16. 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 (NYSE:ARE) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, beating 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%. On average, sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.34 earnings per share for the current year.

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

Alexandria Real Estate Equities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $1.32 per share. 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 yield of 5.58%. The ex-dividend date of this dividend was Tuesday, December 31st. Alexandria Real Estate Equities’s payout ratio is 293.33%.

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.