GAMMA Investing LLC Acquires New Shares in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

GAMMA Investing LLC acquired a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,051 shares of the real estate investment trust’s stock, valued at approximately $127,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Oakworth Capital Inc. bought a new stake in shares of Alexandria Real Estate Equities in the fourth quarter valued at about $25,000. GPS Wealth Strategies Group LLC bought a new stake in shares of Alexandria Real Estate Equities in the fourth quarter valued at about $36,000. Parkside Financial Bank & Trust raised its holdings 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 valued at $29,000 after acquiring an additional 111 shares in the last quarter. CENTRAL TRUST Co bought a new stake in shares of Alexandria Real Estate Equities in the third quarter valued at about $33,000. Finally, Rational Advisors LLC bought a new stake in shares of Alexandria Real Estate Equities in the third quarter valued at about $37,000. 96.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Peter M. Moglia sold 3,200 shares of Alexandria Real Estate Equities stock in a transaction dated 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 sale, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Peter M. Moglia sold 3,200 shares of Alexandria Real Estate Equities stock in a transaction dated 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 sale, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Joel S. Marcus sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $118.92, for a total value of $891,900.00. Following the sale, 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. Corporate insiders own 1.15% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. JMP Securities reiterated a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft assumed coverage on Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They issued a “buy” rating and a $140.00 target price on the stock. Evercore ISI cut their target price on Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Wedbush reiterated an “outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.75.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock opened at $116.24 on Friday. 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 has a market capitalization of $20.33 billion, a price-to-earnings ratio of 108.64, a PEG ratio of 2.68 and a beta of 1.05. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.26 and a current ratio of 0.30. The stock’s 50-day simple moving average is $122.98 and its 200-day simple moving average is $117.22.

Alexandria Real Estate Equities (NYSE:ARE) 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 return on equity of 0.87% and a net margin of 6.65%. The business had revenue of $757.22 million for the quarter, compared to analysts’ expectations of $740.16 million. During the same quarter in the previous year, the firm posted $2.14 EPS. Alexandria Real Estate Equities’s revenue was up 13.0% on a year-over-year basis. As a group, equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.46 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th 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%. The ex-dividend date was Wednesday, March 27th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 474.77%.

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.