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

Sherman Asset Management Inc. bought a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 766 shares of the real estate investment trust’s stock, valued at approximately $75,000.

Other institutional investors have also made changes to their positions in the company. Catalyst Capital Advisors LLC acquired a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter valued at about $25,000. Proficio Capital Partners LLC acquired a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at about $29,000. Ashton Thomas Securities LLC acquired a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter valued at about $30,000. Venturi Wealth Management LLC boosted its position in shares of Alexandria Real Estate Equities by 144.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 180 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter valued at about $43,000. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Trading Up 1.5 %

Shares of NYSE ARE opened at $102.48 on Friday. Alexandria Real Estate Equities, Inc. has a 1-year low of $93.25 and a 1-year high of $130.14. The company 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. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. The company has a 50-day moving average of $97.89 and a two-hundred day moving average of $108.39.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, topping analysts’ consensus estimates 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%. As a group, equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities announced that its Board of Directors has approved 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 buy up to 2.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Alexandria Real Estate Equities Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ARE. Deutsche Bank Aktiengesellschaft lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their target price for the company from $135.00 to $112.00 in a research report on Friday, November 15th. Royal Bank of Canada decreased their target price on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating on the stock in a research report on Tuesday, December 17th. JMP Securities reissued a “market outperform” rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Robert W. Baird cut 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. Finally, Wedbush reissued a “neutral” rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $121.30.

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.