Assetmark Inc. acquires shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE).
The most recent 13F filing that Assetmark Inc. submitted with the Securities and Exchange Commission revealed that during the third quarter, the investment firm increased the number of Alexandria Real Estate Equities, Inc. (NYSE: ARE) shares it owned by 6.9%. The institutional investor finished the period with a total holding of 10,936 shares of the stock, having purchased an additional 704 shares of the real estate investment trust’s stock throughout the period. At the end of the most recent reporting period, the total value of Assetmark Inc.’s investments in Alexandria Real Estate Equities was determined to be $1,533,000. This figure was determined after the most recent reporting period came to a close.
In addition, several prominent investors have made adjustments to the amount of the company’s stock that they own within the past few months. $25,000 was invested in Alexandria Real Estate Equities by Ronald Blue Trust Inc. during the second quarter of the year. Glassman and Services raised the proportion of its capital that it invested in real estate assets by 1.2% during the year’s second quarter. As a result of the purchase of 118 additional shares during the most recent quarter, Glassman Wealth Services is now the proud owner of 204 shares of the real estate investment trust. These shares are currently valued at $30,000 thanks to the purchase. The Private Trust Company of North America placed a $43,000 investment in Alexandria Real Estate Equities during the second quarter of the fiscal year. In the second quarter, Clear Street Markets LLC made a 420.0% increase in the proportion of Alexandria Real Estate Equities in which it was invested. After purchasing an additional 252 shares during the most recent quarter, Clear Street Markets LLC now has 312 shares of the real estate investment trust, which are worth a combined total of $45,000. This brings the total number of shares owned by the company to 312.
Last but not least, American National Bank increased its holdings in Alexandria Real Estate Equities by a whopping 1,364.3 percent during the third quarter. This certainly should not be considered the least important development. Following acquiring an additional 382 shares during the most recent quarter, American National Bank now holds 410 shares of the real estate investment trust. These 410 shares have a combined value of $57,000, making the total value of American National Bank’s investment in the REIT $57,000. Hedge funds and other institutional investors own 89.81% of the company’s shares.
On Tuesday, December 13, Chief Executive Officer Peter M. Moglia of Alexandria Real Estate Equities sold 2,000 shares of the company’s stock. This is related to the news that was previously mentioned. The market saw a total of 303,780.00 dollars’ worth of the shares change hands, with an average selling price of $151.89 per share. Following the successful conclusion of the transaction, the Chief Executive Officer now has direct control over 167,099 shares in the company, the total value of which is approximately 25,380,667.11 dollars. The sale was brought to the general public’s attention using a legal filing handed to the SEC. On the website of the SEC, you can locate this particular file. On Tuesday, December 13, Chief Executive Officer Peter M. Moglia of Alexandria Real Estate Equities sold 2,000 shares of the company’s stock. This is related to the news that was previously mentioned. The market saw a total of 303,780.00 dollars’ worth of the shares change hands, with an average selling price of $151.89 per share. Following the successful conclusion of the transaction, the Chief Executive Officer now has direct control over 167,099 shares in the company, the total value of which is approximately 25,380,667.11 dollars. The sale was brought to the general public’s attention using a legal filing handed to the SEC. On the website of the SEC, you can locate this particular file.
Additionally, on December 14, 9,000 shares of the company’s stock were sold by Dean A. Shigenaga, who served as the Chief Financial Officer of Alexandria Real Estate Equities. The total amount received for the sale of the shares was $1,372,590.00, which works out to an average selling price of $152.51 per share. Because of the sale, the chief financial officer now owns 134,832 shares with a combined value of $20,563,228.32. Disclosures that are related to the sale might be found in this section of the website. Insiders of the company sold 34,253 shares of stock during the most recent fiscal quarter, resulting in a total sale volume of $5,179,946. The majority of the company’s equity, or 96% of the total, is held by those working within the business.
Shares of ARE have been brought up in discussion by a few different research analysts recently. Robert W. Baird indicated in a report made public on Friday, December 2, that the price objective they had set for Alexandria Real Estate Equities had been raised from $151.00 to $162.00. The previous price objective for Alexandria Real Estate Equities was $151.00. Evercore ISI stated that their price objective for Alexandria Real Estate Equities had been reduced to $168.00. This information was included in a research report published on Friday, December 2, by Evercore ISI. JMP Securities reaffirmed a “buy” rating on shares of Alexandria Real Estate Equities in a report dated Thursday, October 6, and positioned the stock with a price objective of $180.00. The report was issued on Thursday. In a report made public on November 10, the Royal Bank of Canada lowered their “outperform” rating and their price objective for Alexandria Real Estate Equities, which had previously been set at $220.00. The new objective is $200.00. BTIG Research decreased its price target on Alexandria Real Estate Equities from $233.00 to $186.00 in a research report published on Wednesday, October 19. The final and most significant adjustment was made here. There is one research expert who suggests buying the stock, four who suggest purchasing the stock, and one who suggests selling the stock. The data that Bloomberg provided indicates that the company’s current price target is $173.43, and the average investment recommendation is a “Moderate Buy.”
The NYSE opened its trading session on Tuesday at $155.57 per share. On the stock market, Alexandria Real Estate Equities, Inc. had an all-time high of $210.70 and an all-time low of $126.74 a year ago. Both of these prices were recorded on the same day. The share price is currently trading at $149.10, which places it higher than both its 50-day and its 200-day simple moving averages, which are both at $149.00. Because the debt-to-equity ratio, the quick ratio, and the current ratio all equal 0.37, this indicates that all three ratios are in good standing and balanced. Both the price-to-earnings-growth ratio of the company, which is currently sitting at 2.26, and its beta value, which is 0.91, are very high. It is currently valued at $25.53 billion on the market.
On Tuesday, October 25, the most recent quarterly earnings report for Alexandria Real Estate Equities (NYSE: ARE) was made available to the public. The real estate investment trust (REIT) reported earnings of $2.11 per share for the quarter, which is $0.01 less than the consensus estimate of $2.12 per share. Alexandria Real Estate Equities had a return on equity of 3.03%, and its net margin was 21.73% of its revenue. According to the estimates provided by the analysts, the anticipated revenue for the following quarter could be anywhere from $657.48 million to $659.90 million. The company reported a profit per share of $1.95 during the same period the year before when the same period was compared. The company’s quarterly sales experienced an annual growth rate of 20.5% higher than the previous year. It is anticipated by participants in the stock market that Alexandria Real Estate Equities, Inc. will generate earnings of $8.41 per share during this year.
The company just recently declared and distributed a quarterly dividend, which was paid out on January 13 of this year. In addition, the company just recently announced and distributed a dividend. On Friday, December 30, stockholders who still owned their shares were eligible to receive a $1.21 dividend payment. The payment was made to stockholders who still owned their shares. Thursday, December 29, was the day that the dividend was dispersed; that day was also the month of December. This sum is an increase to the prior dividend payment that Alexandria Real Estate Equities made available, which was $1.18 each quarter. That payment is now increased to this amount. This translates to a yield of 3.11% and a dividend payment of $4.84 annually for every shareholder. The dividend payout ratio (DPR) that is being kept up to date by Alexandria Real Estate Equities is currently 147.11%.