Oppenheimer Asset Management Inc. Buys 1,473 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Oppenheimer Asset Management Inc. lifted its stake in Alexandria Real Estate Equities, Inc. (NYSE:AREFree Report) by 11.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,059 shares of the real estate investment trust’s stock after purchasing an additional 1,473 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Alexandria Real Estate Equities were worth $1,407,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of Alexandria Real Estate Equities by 2.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,083 shares of the real estate investment trust’s stock worth $449,000 after purchasing an additional 70 shares in the last quarter. Seaport Global Advisors LLC increased its stake in Alexandria Real Estate Equities by 7.5% in the 4th quarter. Seaport Global Advisors LLC now owns 1,047 shares of the real estate investment trust’s stock worth $153,000 after buying an additional 73 shares in the last quarter. Cetera Advisor Networks LLC increased its stake in Alexandria Real Estate Equities by 7.3% in the 1st quarter. Cetera Advisor Networks LLC now owns 1,086 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 74 shares in the last quarter. BOKF NA increased its stake in Alexandria Real Estate Equities by 4.6% in the 4th quarter. BOKF NA now owns 1,758 shares of the real estate investment trust’s stock worth $256,000 after buying an additional 77 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in Alexandria Real Estate Equities by 1.7% in the 4th quarter. Cetera Investment Advisers now owns 5,460 shares of the real estate investment trust’s stock worth $795,000 after buying an additional 92 shares in the last quarter. 86.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wedbush reiterated an “outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Mizuho increased their price target on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. JMP Securities reissued a “market outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Finally, BNP Paribas initiated coverage on shares of Alexandria Real Estate Equities in a report on Wednesday, October 11th. They set a “neutral” rating and a $108.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $137.13.

Get Our Latest Stock Report on ARE

Insider Buying and Selling

In related news, insider Daniel J. Ryan sold 10,000 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $118.07, for a total value of $1,180,700.00. Following the sale, the insider now directly owns 166,308 shares of the company’s stock, valued at approximately $19,635,985.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Daniel J. Ryan sold 10,000 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $118.07, for a total value of $1,180,700.00. Following the sale, the insider now directly owns 166,308 shares of the company’s stock, valued at approximately $19,635,985.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kristina Fukuzaki-Carlson sold 2,500 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $117.03, for a total transaction of $292,575.00. Following the completion of the sale, the executive vice president now directly owns 30,070 shares in the company, valued at $3,519,092.10. The disclosure for this sale can be found here. Insiders have sold 17,354 shares of company stock valued at $2,053,571 in the last ninety days. 0.96% of the stock is owned by company insiders.

Alexandria Real Estate Equities Stock Down 0.4 %

Shares of NYSE:ARE opened at $117.21 on Thursday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50. Alexandria Real Estate Equities, Inc. has a 12 month low of $90.73 and a 12 month high of $167.79. The company has a 50-day moving average price of $124.28 and a 200 day moving average price of $113.76. The company has a market cap of $20.51 billion, a price-to-earnings ratio of 217.06, a PEG ratio of 2.36 and a beta of 1.06.

Alexandria Real Estate Equities (NYSE:AREGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($2.83). Alexandria Real Estate Equities had a net margin of 3.59% and a return on equity of 0.46%. The business had revenue of $757.22 million during the quarter, compared to the consensus estimate of $740.16 million. During the same period in the previous year, the business posted $2.14 EPS. The firm’s revenue was up 13.0% on a year-over-year basis. As a group, equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.46 earnings per share for the current year.

Alexandria Real Estate Equities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were issued a $1.27 dividend. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.24. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.33%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 940.76%.

Alexandria Real Estate Equities Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding ARE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexandria Real Estate Equities, Inc. (NYSE:AREFree Report).

Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

Receive News & Ratings for Alexandria Real Estate Equities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexandria Real Estate Equities and related companies with MarketBeat.com's FREE daily email newsletter.