Assetmark Inc. Raises Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Assetmark Inc. raised its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 35.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,691 shares of the real estate investment trust's stock after purchasing an additional 9,763 shares during the quarter. Assetmark Inc.'s holdings in Alexandria Real Estate Equities were worth $4,476,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Catalyst Capital Advisors LLC purchased a new stake in shares of Alexandria Real Estate Equities during the third quarter worth about $25,000. UMB Bank n.a. grew its stake in shares of Alexandria Real Estate Equities by 132.8% during the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 154 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of Alexandria Real Estate Equities during the second quarter worth about $33,000. Global X Japan Co. Ltd. purchased a new stake in shares of Alexandria Real Estate Equities during the second quarter worth about $43,000. Finally, M&R Capital Management Inc. acquired a new stake in shares of Alexandria Real Estate Equities during the third quarter worth about $50,000. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Price Performance

ARE stock traded up $0.70 on Wednesday, reaching $109.03. 864,750 shares of the company's stock were exchanged, compared to its average volume of 991,509. The stock has a fifty day moving average of $117.67 and a 200-day moving average of $118.05. Alexandria Real Estate Equities, Inc. has a twelve month low of $98.55 and a twelve month high of $135.45. The firm has a market cap of $19.05 billion, a PE ratio of 66.47, a P/E/G ratio of 4.05 and a beta of 1.16. 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 (NYSE:ARE - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing analysts' consensus estimates of $2.38 by ($1.42). Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The business had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. During the same period in the prior year, the company earned $2.26 EPS. The company's revenue was up 10.9% on a year-over-year basis. As a group, equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a yield of 4.77%. Alexandria Real Estate Equities's payout ratio is 317.07%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Evercore ISI decreased their target price on Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating for the company in a report on Wednesday, October 23rd. Wedbush decreased their price target on Alexandria Real Estate Equities from $130.00 to $120.00 and set a "neutral" rating for the company in a report on Wednesday, October 23rd. Robert W. Baird decreased their price target on 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. Citigroup downgraded Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and decreased their price target for the company from $130.00 to $125.00 in a report on Friday, September 13th. Finally, BMO Capital Markets raised Alexandria Real Estate Equities to a "hold" rating in a report on Wednesday, September 25th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of "Hold" and a consensus price target of $131.10.

Alexandria Real Estate Equities Company 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.