Versant Capital Management Inc Has $73,000 Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Versant Capital Management Inc lifted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 129.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 and Exchange Commission.

Several other large investors have also modified their holdings of the company. Copley Financial Group Inc. bought a new position in shares of Alexandria Real Estate Equities during the 3rd quarter worth about $420,000. Inspire Trust Co. N.A. boosted its stake in Alexandria Real Estate Equities by 17.6% during the third quarter. Inspire Trust Co. N.A. now owns 10,000 shares of the real estate investment trust’s stock worth $1,188,000 after buying an additional 1,500 shares in the last quarter. Tidal Investments LLC increased its holdings in Alexandria Real Estate Equities by 26.6% in the 3rd quarter. Tidal Investments LLC now owns 16,808 shares of the real estate investment trust’s stock valued at $1,996,000 after buying an additional 3,535 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Alexandria Real Estate Equities in the 3rd quarter valued at $43,000. Finally, Virtu Financial LLC bought a new position in shares of Alexandria Real Estate Equities during the 3rd quarter worth about $276,000. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Stock Up 1.7 %

NYSE:ARE opened at $99.16 on Monday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. Alexandria Real Estate Equities, Inc. has a 12-month low of $96.33 and a 12-month high of $130.40. The stock’s fifty day simple moving average is $105.78 and its 200-day simple moving average is $114.06. The firm has a market capitalization of $17.33 billion, a P/E 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 issued its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). The company 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%. Alexandria Real Estate Equities’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the business posted $2.26 EPS. Equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities declared that its Board of Directors has initiated a stock repurchase plan on Monday, December 9th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the real estate investment trust to buy up to 2.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

Alexandria Real Estate Equities Increases Dividend

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

Analysts Set New Price Targets

Several analysts recently commented on ARE shares. Deutsche Bank Aktiengesellschaft lowered 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 note on Friday, November 15th. Robert W. Baird decreased 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 report on Friday, November 8th. BMO Capital Markets raised shares of Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Evercore ISI decreased their price target on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. cut shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $133.00 to $121.00 in a research report on Wednesday, November 27th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $121.90.

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.