17,951 Shares of Alexandria Real Estate Equities, Inc. $ARE Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. purchased a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 17,951 shares of the real estate investment trust’s stock, valued at approximately $870,000.

Several other institutional investors also recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new position in shares of Alexandria Real Estate Equities during the second quarter valued at approximately $26,000. First Bancorp Inc ME purchased a new position in shares of Alexandria Real Estate Equities in the second quarter valued at approximately $26,000. Reyes Financial Architecture Inc. purchased a new position in shares of Alexandria Real Estate Equities in the third quarter valued at approximately $27,000. Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Alexandria Real Estate Equities in the third quarter worth approximately $29,000. Finally, Basecamp Wealth Advisors LLC boosted its stake in shares of Alexandria Real Estate Equities by 3,723.5% in the first quarter. Basecamp Wealth Advisors LLC now owns 650 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 633 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Alexandria Real Estate Equities

In related news, Chairman Joel S. Marcus bought 5,000 shares of the company’s stock in a transaction on Friday, September 11th. The stock was bought at an average cost of $49.68 per share, for a total transaction of $248,400.00. Following the acquisition, the chairman directly owned 597,724 shares in the company, valued at $29,694,928.32. This represents a 0.84% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Andres Gavinet sold 10,000 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $50.93, for a total value of $509,300.00. Following the completion of the sale, the chief accounting officer directly owned 102,516 shares of the company’s stock, valued at $5,221,139.88. This trade represents a 8.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.35% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Thursday, October 15th. Jefferies Financial Group decreased their price objective on Alexandria Real Estate Equities from $47.00 to $46.00 and set a “hold” rating on the stock in a report on Thursday, September 24th. Zacks Research raised shares of Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 19th. BMO Capital Markets dropped their target price on shares of Alexandria Real Estate Equities from $52.00 to $48.00 and set a “market perform” rating for the company in a report on Monday, September 28th. Finally, JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities from a “neutral” rating to an “underweight” rating and set a $56.00 target price for the company. in a report on Thursday, September 24th. Two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of “Reduce” and an average target price of $49.79.

Alexandria Real Estate Equities Trading Down 0.9%

ARE opened at $44.77 on Friday. The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of -5.32 and a beta of 1.17. The company’s 50 day simple moving average is $47.20 and its two-hundred day simple moving average is $49.38. Alexandria Real Estate Equities, Inc. has a 1-year low of $38.34 and a 1-year high of $59.76. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.14 and a quick ratio of 0.14.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, October 26th. The real estate investment trust reported ($3.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($3.71). Alexandria Real Estate Equities had a negative net margin of 51.81% and a negative return on equity of 7.52%. The company had revenue of $671.18 million during the quarter, compared to analysts’ expectations of $646.26 million. During the same quarter last year, the company earned $2.22 earnings per share. Alexandria Real Estate Equities’s revenue for the quarter was down 10.7% on a year-over-year basis. Analysts expect that Alexandria Real Estate Equities, Inc. will post 6.39 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.72 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.88 dividend on an annualized basis and a yield of 6.4%. Alexandria Real Estate Equities’s payout ratio is -34.20%.

Alexandria Real Estate Equities Profile

Alexandria Real Estate Equities, Inc is a real estate investment trust specializing in life science, technology and other knowledge-based industries. Founded in 1994, the company develops, owns and operates collaborative campuses that bring together companies, researchers and institutions.

Its properties include laboratory, office and manufacturing space, as well as related facilities and amenities designed to support research and innovation. Alexandria also makes strategic investments in companies in the life science and technology sectors through its venture investment platform.

The company serves major U.S.