1,600 Shares in Alexandria Real Estate Equities, Inc. (NYSE:ARE) Bought by Supplemental Annuity Collective Trust of NJ

Supplemental Annuity Collective Trust of NJ purchased a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,600 shares of the real estate investment trust’s stock, valued at approximately $203,000.

Several other institutional investors have also modified their holdings of the stock. Mutual of America Capital Management LLC increased its holdings in Alexandria Real Estate Equities by 24.7% during the 4th quarter. Mutual of America Capital Management LLC now owns 43,196 shares of the real estate investment trust’s stock worth $5,476,000 after purchasing an additional 8,555 shares during the period. Whittier Trust Co. lifted its position in shares of Alexandria Real Estate Equities by 36.0% in the 4th quarter. Whittier Trust Co. now owns 75,337 shares of the real estate investment trust’s stock worth $9,550,000 after purchasing an additional 19,931 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Alexandria Real Estate Equities by 19.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 161,070 shares of the real estate investment trust’s stock worth $20,419,000 after acquiring an additional 25,955 shares in the last quarter. Tobam boosted its position in Alexandria Real Estate Equities by 87.3% during the fourth quarter. Tobam now owns 1,103 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 514 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Alexandria Real Estate Equities by 204.3% during the fourth quarter. SG Americas Securities LLC now owns 17,866 shares of the real estate investment trust’s stock valued at $2,265,000 after buying an additional 11,994 shares during the last quarter. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Stock Down 0.9 %

Shares of ARE traded down $1.07 during midday trading on Friday, reaching $116.23. 888,255 shares of the stock were exchanged, compared to its average volume of 1,004,676. The company has a market cap of $20.33 billion, a price-to-earnings ratio of 109.61, a P/E/G ratio of 2.74 and a beta of 1.05. The firm has a 50 day simple moving average of $123.04 and a 200-day simple moving average of $117.00. Alexandria Real Estate Equities, Inc. has a 12-month low of $90.73 and a 12-month high of $135.45. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 0.54.

Alexandria Real Estate Equities (NYSE:ARE) last announced 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). 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 during the quarter, compared to analyst estimates of $740.16 million. During the same period in the previous year, the firm earned $2.14 earnings per share. The firm’s revenue was up 13.0% compared to the same quarter last year. Research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.46 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend was Wednesday, March 27th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 474.77%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ARE shares. JMP Securities restated a “market outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Mizuho raised their target price on shares of Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Evercore ISI reduced their price objective on shares of Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Wedbush reissued an “outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of “Moderate Buy” and an average target price of $136.75.

Insider Activity

In other news, Chairman Joel S. Marcus sold 7,500 shares of the business’s 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 completion of the transaction, the chairman now directly owns 429,538 shares in the company, valued at approximately $51,080,658.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 3,200 shares of the business’s 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 sale, the chief executive officer now directly owns 249,683 shares of the company’s stock, valued at approximately $30,686,040.70. The sale was disclosed in a filing 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 shares were sold at an average price of $118.92, for a total transaction of $891,900.00. Following the completion of the sale, the chairman now 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. 1.15% of the stock is owned by 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.