Bleakley Financial Group LLC acquired a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,006 shares of the real estate investment trust’s stock, valued at approximately $438,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vestmark Advisory Solutions Inc. raised its position in shares of Alexandria Real Estate Equities by 68.6% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 5,968 shares of the real estate investment trust’s stock valued at $869,000 after purchasing an additional 2,429 shares during the last quarter. FDx Advisors Inc. purchased a new stake in shares of Alexandria Real Estate Equities in the third quarter valued at $289,000. Gamco Investors INC. ET AL bought a new stake in shares of Alexandria Real Estate Equities in the third quarter valued at $215,000. Forsta AP Fonden raised its position in shares of Alexandria Real Estate Equities by 8.1% during the 4th quarter. Forsta AP Fonden now owns 34,700 shares of the real estate investment trust’s stock valued at $5,055,000 after buying an additional 2,600 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of Alexandria Real Estate Equities by 6.1% in the third quarter. Lazard Asset Management LLC now owns 52,327 shares of the real estate investment trust’s stock valued at $7,335,000 after purchasing an additional 2,995 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s shares.
Internal activity
In other news, Chairman Joel S. Marcus sold 9,000 shares of Alexandria Real Estate Equities stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $168.00, for a total transaction of $1,512,000.00. Following the sale, the chairman now owns 388,729 shares of the company’s stock, valued at approximately $65,306,472. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which is available on the SEC’s website. Insiders own 1.60% of the company’s stock.
Changes in analyst ratings
Several equities analysts recently commented on ARE shares. JMP Securities reaffirmed a “buy” rating and set a $180.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday, January 31st. Mizuho cut their target price on shares of Alexandria Real Estate Equities from $180.00 to $145.00 in a report on Monday, April 24th. Royal Bank of Canada cut their target price on shares of Alexandria Real Estate Equities from $198.00 to $166.00 in a report on Thursday. JPMorgan Chase & Co. boosted their target price on shares of Alexandria Real Estate Equities from $176.00 to $177.00 and gave the company an “overweight” rating in a report on Thursday, February 2nd. Finally, Robert W. Baird boosted their target price on shares of Alexandria Real Estate Equities from $162.00 to $174.00 and gave the company an “outperform” rating in a report on Thursday, February 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. Alexandria Real Estate Equities has a consensus rating of “Moderate Buy” and an average price target of $164.00, according to MarketBeat .
Introducing Alexandria real estate stock prices
Shares of Alexandria Real Estate Equities opened at $123.64 on Monday. The firm has a market cap of $21.39 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 1.40 and a beta of 0.93. Alexandria Real Estate Equities, Inc. has a 12-month low of $114.94 and a 12-month high of $178.96. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.51. The company’s fifty day simple moving average is $126.56, and its two hundred day simple moving average is $142.81.
Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last announced its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($1.71). The firm had revenue of $700.80 million during the quarter, compared to the consensus estimate of $686.70 million. Alexandria Real Estate Equities had a return on equity of 3.77% and a net margin of 28.01%. Alexandria Real Estate Equities’ revenue increased 13.9% year-over-year. During the same period last year, the business earned $2.05 EPS. As a group, equities analysts expect that Alexandria Real Estate Equities, Inc. will post 8.94 EPS for the current year.
Alexandria Real Estate Stock Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Friday, March 31st were given a dividend of $1.21 per share. This represents an annualized dividend of $4.84 and a dividend yield of 3.91%. The ex-dividend date was Thursday, March 30th. Alexandria Real Estate Equities’ payout ratio is 106.84%.
Alexandria Real Estate Stock Profile
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Alexandria Real Estate Equities, Inc is in the business of providing rental properties. The firm also owns, operates and develops life science, agritechnology and technology campuses in Greater Boston, the San Francisco Bay Area, New York, San Diego, Seattle, Maryland and the Research Triangle.
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