Alexandria Real Estate Equities, Inc. $ARE Shares Bought by Nan Fung Trinity HK Ltd.

Nan Fung Trinity HK Ltd. raised its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 13.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 238,981 shares of the real estate investment trust’s stock after buying an additional 28,181 shares during the quarter. Nan Fung Trinity HK Ltd.’s holdings in Alexandria Real Estate Equities were worth $11,342,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ARE. BlackRock Inc. purchased a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth $1,146,423,000. Dimensional Fund Advisors LP boosted its position in shares of Alexandria Real Estate Equities by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,297,222 shares of the real estate investment trust’s stock valued at $106,638,000 after acquiring an additional 52,733 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at about $79,253,000. Legal & General Group Plc purchased a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at about $76,647,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at about $64,485,000. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Performance

Shares of Alexandria Real Estate Equities stock opened at $44.25 on Friday. Alexandria Real Estate Equities, Inc. has a 52 week low of $38.34 and a 52 week high of $59.76. The business’s fifty day simple moving average is $46.66 and its 200-day simple moving average is $49.11. The firm has a market cap of $7.71 billion, a PE ratio of 6.30 and a beta of 1.17. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.65.

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

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a $0.72 dividend. 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 6.5%. Alexandria Real Estate Equities’s dividend payout ratio is presently -34.20%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Citizens Jmp restated a “market perform” rating on shares of Alexandria Real Estate Equities in a research report on Monday, August 17th. Cantor Fitzgerald decreased their target price on shares of Alexandria Real Estate Equities from $52.00 to $42.00 and set a “neutral” rating on the stock in a report on Wednesday, October 28th. Wall Street Zen cut shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Evercore restated an “outperform” rating and set a $59.00 price target on shares of Alexandria Real Estate Equities in a report on Monday, September 21st. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Thursday, October 15th. Two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $49.79.

Insider Buying and Selling at Alexandria Real Estate Equities

In related news, Chairman Joel S. Marcus bought 5,000 shares of the stock in a transaction on Friday, September 11th. The stock was bought at an average price of $49.68 per share, with a total value of $248,400.00. Following the completion of the purchase, the chairman directly owned 597,724 shares in the company, valued at $29,694,928.32. This represents a 0.84% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kristina Fukuzaki-Carlson sold 16,810 shares of Alexandria Real Estate Equities stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $50.51, for a total transaction of $849,073.10. Following the sale, the executive vice president owned 39,152 shares of the company’s stock, valued at approximately $1,977,567.52. This represents a 30.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.35% of the stock is currently owned by corporate insiders.

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.