Cerity Partners LLC Invests $1.77 Million in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Cerity Partners LLC bought a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,979 shares of the real estate investment trust’s stock, valued at approximately $1,772,000.

A number of other institutional investors have also made changes to their positions in ARE. Resurgent Financial Advisors LLC bought a new stake in shares of Alexandria Real Estate Equities in the fourth quarter worth $38,000. GPS Wealth Strategies Group LLC bought a new stake in shares of Alexandria Real Estate Equities in the fourth quarter worth $36,000. Parkside Financial Bank & Trust increased its stake in shares of Alexandria Real Estate Equities by 61.7% in the third quarter. Parkside Financial Bank & Trust now owns 291 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 111 shares during the last quarter. Clear Street Markets LLC increased its stake in shares of Alexandria Real Estate Equities by 104.6% in the first quarter. Clear Street Markets LLC now owns 309 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 158 shares during the last quarter. Finally, Ronald Blue Trust Inc. increased its stake in shares of Alexandria Real Estate Equities by 142.5% in the third quarter. Ronald Blue Trust Inc. now owns 325 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 191 shares during the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Chairman Joel S. Marcus sold 7,500 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $118.92, for a total value of $891,900.00. Following the completion of the transaction, the chairman now owns 429,538 shares in the company, valued at approximately $51,080,658.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman Joel S. Marcus sold 7,500 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $118.92, for a total value of $891,900.00. Following the completion of the transaction, the chairman now owns 429,538 shares in the company, valued at approximately $51,080,658.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction 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 approximately $30,686,040.70. The disclosure for this sale can be found here. Corporate insiders own 1.15% of the company’s stock.

Alexandria Real Estate Equities Stock Down 0.7 %

ARE stock opened at $115.70 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.50. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $90.73 and a fifty-two week high of $135.45. The firm’s 50-day simple moving average is $122.81 and its 200 day simple moving average is $116.41. The stock has a market cap of $20.24 billion, a PE ratio of 214.26, a price-to-earnings-growth ratio of 2.66 and a beta of 1.05.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data 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 return on equity of 0.46% and a net margin of 3.59%. The firm had revenue of $757.22 million during the quarter, compared to analyst estimates of $740.16 million. During the same period last year, the business earned $2.14 EPS. The firm’s revenue was up 13.0% on a year-over-year basis. As a group, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $1.27 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.39%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 940.74%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ARE. Deutsche Bank Aktiengesellschaft began coverage on shares of Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They issued a “buy” rating and a $140.00 price target for the company. Mizuho boosted their target price on shares of Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Wedbush reissued an “outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. JMP Securities reissued a “market outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Finally, StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $137.13.

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.