EntryPoint Capital LLC Invests $693,000 in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

EntryPoint Capital LLC purchased a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 7,099 shares of the real estate investment trust’s stock, valued at approximately $693,000. Alexandria Real Estate Equities accounts for 0.3% of EntryPoint Capital LLC’s holdings, making the stock its 29th largest position.

A number of other institutional investors have also modified their holdings of the business. EverSource Wealth Advisors LLC grew its holdings in shares of Alexandria Real Estate Equities by 57.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 109 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Alexandria Real Estate Equities during the 3rd quarter worth $43,000. Loomis Sayles & Co. L P increased its position in Alexandria Real Estate Equities by 3,129.4% in the third quarter. Loomis Sayles & Co. L P now owns 549 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 532 shares during the period. Spire Wealth Management lifted its stake in Alexandria Real Estate Equities by 72.5% in the fourth quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 250 shares during the last quarter. Finally, Private Trust Co. NA boosted its holdings in shares of Alexandria Real Estate Equities by 113.6% during the third quarter. Private Trust Co. NA now owns 596 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 317 shares during the period. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE opened at $97.58 on Tuesday. The company has a 50-day moving average of $98.31 and a 200-day moving average of $106.25. The firm has a market cap of $16.89 billion, a price-to-earnings ratio of 54.21, a price-to-earnings-growth ratio of 3.93 and a beta of 1.17. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a twelve month low of $93.25 and a twelve month high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last issued 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%. Analysts forecast 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 has initiated a stock buyback program on Monday, December 9th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to buy up to 2.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 5.41%. The ex-dividend date of this dividend is Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio is 293.33%.

Analyst Upgrades and Downgrades

ARE has been the topic of several recent research reports. Wedbush reiterated a “neutral” rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Royal Bank of Canada dropped their price target 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 note on Tuesday, December 17th. JPMorgan Chase & Co. downgraded Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $133.00 to $121.00 in a research report on Wednesday, November 27th. JMP Securities restated 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. Finally, StockNews.com cut Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Alexandria Real Estate Equities presently has a consensus rating of “Hold” and a consensus price target of $118.60.

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.