Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC lifted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:AREFree Report) by 1,615.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 181,080 shares of the real estate investment trust’s stock after purchasing an additional 170,523 shares during the quarter. HighTower Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $18,293,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Pathstone Family Office LLC increased its stake in shares of Alexandria Real Estate Equities by 44.3% during the 3rd quarter. Pathstone Family Office LLC now owns 8,233 shares of the real estate investment trust’s stock worth $831,000 after purchasing an additional 2,528 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its stake in shares of Alexandria Real Estate Equities by 8.6% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 10,784 shares of the real estate investment trust’s stock worth $1,079,000 after purchasing an additional 850 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of Alexandria Real Estate Equities by 17.5% during the 3rd quarter. D.A. Davidson & CO. now owns 3,700 shares of the real estate investment trust’s stock worth $370,000 after purchasing an additional 550 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Alexandria Real Estate Equities by 12.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 21,464 shares of the real estate investment trust’s stock worth $2,149,000 after purchasing an additional 2,332 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Alexandria Real Estate Equities by 2.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 922,505 shares of the real estate investment trust’s stock worth $92,343,000 after purchasing an additional 21,557 shares during the last quarter. Institutional investors and hedge funds own 86.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ARE shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Alexandria Real Estate Equities in a report on Tuesday, January 30th. They set a “buy” rating and a $140.00 price objective for the company. JMP Securities reaffirmed 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. Wedbush reaffirmed an “outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Mizuho upped their price objective on shares of Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Finally, StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Alexandria Real Estate Equities has an average rating of “Moderate Buy” and a consensus price target of $137.13.

Read Our Latest Stock Analysis on Alexandria Real Estate Equities

Alexandria Real Estate Equities Price Performance

Shares of Alexandria Real Estate Equities stock opened at $116.20 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.26 and a quick ratio of 0.26. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $90.73 and a fifty-two week high of $167.33. The firm has a fifty day moving average price of $124.41 and a two-hundred day moving average price of $113.57. The company has a market cap of $20.33 billion, a PE ratio of 215.19, a price-to-earnings-growth ratio of 2.33 and a beta of 1.06.

Alexandria Real Estate Equities (NYSE:AREGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share 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 company had revenue of $757.22 million during the quarter, compared to the consensus estimate of $740.16 million. During the same period last year, the company earned $2.14 earnings per share. Alexandria Real Estate Equities’s revenue for the quarter was up 13.0% on a year-over-year basis. Analysts expect that Alexandria Real Estate Equities, Inc. will post 9.46 EPS for the current year.

Alexandria Real Estate Equities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were issued a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.37%. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.24. The ex-dividend date was Thursday, December 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 940.74%.

Insider Transactions at Alexandria Real Estate Equities

In other news, insider Daniel J. Ryan sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $118.07, for a total transaction of $1,180,700.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Kristina Fukuzaki-Carlson sold 2,500 shares of the stock in a transaction dated Wednesday, December 13th. The shares were 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 owns 30,070 shares in the company, valued at approximately $3,519,092.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel J. Ryan sold 10,000 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $118.07, for a total transaction of $1,180,700.00. Following the sale, the insider now owns 166,308 shares of the company’s stock, valued at approximately $19,635,985.56. The disclosure for this sale can be found here. In the last three months, insiders sold 17,354 shares of company stock valued at $2,053,571. Company insiders own 1.60% of the company’s stock.

Alexandria Real Estate Equities Company 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)

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