Wealth Alliance Has $245,000 Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Wealth Alliance trimmed its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 18.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,935 shares of the real estate investment trust’s stock after selling 435 shares during the quarter. Wealth Alliance’s holdings in Alexandria Real Estate Equities were worth $245,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. BlackRock Inc. increased its position in Alexandria Real Estate Equities by 8.5% during the first quarter. BlackRock Inc. now owns 17,138,718 shares of the real estate investment trust’s stock worth $2,152,452,000 after buying an additional 1,338,634 shares during the last quarter. Norges Bank acquired a new position in Alexandria Real Estate Equities during the fourth quarter worth $2,277,135,000. State Street Corp increased its position in Alexandria Real Estate Equities by 4.2% during the first quarter. State Street Corp now owns 10,640,279 shares of the real estate investment trust’s stock worth $1,348,934,000 after buying an additional 424,932 shares during the last quarter. Geode Capital Management LLC increased its position in Alexandria Real Estate Equities by 7.3% during the first quarter. Geode Capital Management LLC now owns 3,604,252 shares of the real estate investment trust’s stock worth $451,738,000 after buying an additional 245,322 shares during the last quarter. Finally, Invesco Ltd. increased its position in Alexandria Real Estate Equities by 7.9% during the third quarter. Invesco Ltd. now owns 2,654,089 shares of the real estate investment trust’s stock worth $265,674,000 after buying an additional 194,651 shares during the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Mizuho upped their price target on shares of Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. JMP Securities restated a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Wedbush restated an “outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Finally, Deutsche Bank Aktiengesellschaft assumed 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 target for the company. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $137.13.

Alexandria Real Estate Equities Stock Up 0.1 %

NYSE ARE opened at $116.51 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a 50-day simple moving average of $122.82 and a 200 day simple moving average of $116.29. Alexandria Real Estate Equities, Inc. has a twelve month low of $90.73 and a twelve month high of $135.45. The stock has a market cap of $20.38 billion, a PE ratio of 215.76, a PEG ratio of 2.67 and a beta of 1.05.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share for the quarter, missing the consensus estimate 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 quarter in the previous year, the business posted $2.14 EPS. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. On average, research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $1.27 dividend. This represents a $5.08 annualized dividend and a yield of 4.36%. The ex-dividend date was Wednesday, March 27th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 940.76%.

Insider Buying and Selling

In related news, CEO Peter M. Moglia sold 3,200 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $122.90, for a total value of $393,280.00. Following the completion of the transaction, the chief executive officer now owns 249,683 shares of the company’s stock, valued at $30,686,040.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Peter M. Moglia sold 3,200 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $122.90, for a total value of $393,280.00. Following the completion of the transaction, the chief executive officer now owns 249,683 shares of the company’s stock, valued at $30,686,040.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Joel S. Marcus sold 7,500 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $118.92, for a total transaction of $891,900.00. Following the completion of the transaction, the chairman now directly owns 429,538 shares of the company’s stock, valued at approximately $51,080,658.96. The disclosure for this sale can be found here. Company insiders own 1.15% of the company’s stock.

Alexandria Real Estate Equities 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.