Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Purchased by Signaturefd LLC

Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Purchased by Signaturefd LLC

Roger Pettingell Sarasota Real Estate

Signaturefd LLC lifted its stake in Alexandria Real Estate Equities, Inc. (NYSE:AREGet Rating) by 16.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,321 shares of the real estate investment trust’s stock after acquiring an additional 189 shares during the quarter. Signaturefd LLC’s holdings in Alexandria Real Estate Equities were worth $266,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ARE. Industrial Alliance Investment Management Inc. acquired a new position in shares of Alexandria Real Estate Equities in the 4th quarter worth approximately $26,000. Confluence Wealth Services Inc. acquired a new position in shares of Alexandria Real Estate Equities in the fourth quarter worth $27,000. Bank of New Hampshire purchased a new stake in shares of Alexandria Real Estate Equities during the first quarter worth $28,000. Riverview Trust Co acquired a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at $32,000. Finally, Addison Advisors LLC boosted its holdings in Alexandria Real Estate Equities by 215.1% in the first quarter. Addison Advisors LLC now owns 230 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 157 shares during the period. 94.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, General Counsel Jackie B. Clem sold 1,865 shares of the company’s stock in a transaction dated Wednesday, April 27th. The shares were sold at an average price of $189.55, for a total value of $353,510.75. Following the completion of the transaction, the general counsel now owns 24,039 shares in the company, valued at approximately $4,556,592.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Alexandria Real Estate Equities news, CEO Stephen Richardson sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 9th. The shares were sold at an average price of $171.47, for a total value of $857,350.00. Following the transaction, the chief executive officer now owns 175,602 shares in the company, valued at approximately $30,110,474.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Jackie B. Clem sold 1,865 shares of the stock in a transaction on Wednesday, April 27th. The stock was sold at an average price of $189.55, for a total transaction of $353,510.75. Following the transaction, the general counsel now owns 24,039 shares in the company, valued at approximately $4,556,592.45. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

Alexandria Real Estate Equities Stock Performance

ARE opened at $150.22 on Friday. The stock has a market cap of $24.52 billion, a P/E ratio of 53.84, a P/E/G ratio of 2.29 and a beta of 0.88. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.40 and a quick ratio of 0.40. The stock’s 50 day simple moving average is $149.78 and its 200 day simple moving average is $177.59. Alexandria Real Estate Equities, Inc. has a 1-year low of $130.00 and a 1-year high of $224.95.

Alexandria Real Estate Equities (NYSE:AREGet Rating) last posted its quarterly earnings data on Monday, April 25th. The real estate investment trust reported ($0.96) EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($1.71). The company had revenue of $615.10 million for the quarter, compared to analyst estimates of $595.35 million. Alexandria Real Estate Equities had a net margin of 18.30% and a return on equity of 2.28%. The company’s revenue was up 28.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.91 EPS. As a group, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 8.4 EPS for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were paid a dividend of $1.18 per share. The ex-dividend date was Wednesday, June 29th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.15. This represents a $4.72 annualized dividend and a yield of 3.14%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 169.18%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. StockNews.com cut Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Thursday, April 28th. Mizuho lowered their price objective on Alexandria Real Estate Equities from $219.00 to $172.00 and set a “buy” rating for the company in a research report on Thursday, June 23rd. Finally, Credit Suisse Group initiated coverage on Alexandria Real Estate Equities in a report on Wednesday, June 22nd. They issued a “neutral” rating and a $140.00 target price for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of “Hold” and an average target price of $157.40.

Alexandria Real Estate Equities Profile

(Get Rating)

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> urban office real estate investment trust (“REIT”), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet (“SF”).

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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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