Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Acquired by Lindbrook Capital LLC

Lindbrook Capital LLC boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 205.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 948 shares of the real estate investment trust’s stock after acquiring an additional 638 shares during the period. Lindbrook Capital LLC’s holdings in Alexandria Real Estate Equities were worth $120,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ARE. AE Wealth Management LLC acquired a new stake in Alexandria Real Estate Equities during the 3rd quarter valued at $407,000. Ronald Blue Trust Inc. boosted its stake in Alexandria Real Estate Equities by 142.5% during the 3rd quarter. Ronald Blue Trust Inc. now owns 325 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 191 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in Alexandria Real Estate Equities by 5.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 2,138 shares of the real estate investment trust’s stock valued at $214,000 after acquiring an additional 102 shares during the last quarter. Czech National Bank boosted its stake in Alexandria Real Estate Equities by 46.0% during the 3rd quarter. Czech National Bank now owns 27,217 shares of the real estate investment trust’s stock valued at $2,724,000 after acquiring an additional 8,579 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in Alexandria Real Estate Equities by 31.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 46,964 shares of the real estate investment trust’s stock valued at $4,701,000 after acquiring an additional 11,297 shares during the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the stock. StockNews.com upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Mizuho increased their price objective 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They set a “buy” rating and a $140.00 price objective on the stock. Wedbush restated an “outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Finally, JMP Securities restated a “market outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Alexandria Real Estate Equities has an average rating of “Moderate Buy” and a consensus price target of $137.13.

Alexandria Real Estate Equities Trading Up 0.8 %

Shares of NYSE:ARE opened at $119.52 on Wednesday. The company has a market cap of $20.91 billion, a PE ratio of 221.34, a P/E/G ratio of 2.64 and a beta of 1.05. The company’s 50-day moving average price is $122.95 and its 200 day moving average price is $116.97. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $90.73 and a fifty-two week high of $135.45. 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 (NYSE:ARE) last released its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS for the quarter, missing the consensus estimate of $2.29 by ($2.83). The company had revenue of $757.22 million for the quarter, compared to analyst estimates of $740.16 million. Alexandria Real Estate Equities had a net margin of 3.59% and a return on equity of 0.46%. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.14 EPS. Sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $1.27 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.08 annualized dividend and a yield of 4.25%. Alexandria Real Estate Equities’s payout ratio is 940.76%.

Insider Buying and Selling at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 3,200 shares of the firm’s 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 transaction, the chief executive officer now owns 249,683 shares of the company’s stock, valued at approximately $30,686,040.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Chairman Joel S. Marcus sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $118.92, for a total value of $891,900.00. Following the transaction, the chairman now owns 429,538 shares of the company’s stock, valued at approximately $51,080,658.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Peter M. Moglia sold 3,200 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Friday, March 1st. The stock was 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 directly owns 249,683 shares in the company, valued at approximately $30,686,040.70. The disclosure for this sale can be found here. 1.15% of the stock is owned by corporate insiders.

About Alexandria Real Estate Equities

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.