Neuburgh Advisers LLC boosted its stake in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 44.8% in the first quarter, HoldingsChannel.com reports. The firm owned 11,322 shares of the real estate investment trust’s stock after acquiring an additional 3,502 shares during the period. Neuburgh Advisers LLC’s holdings in Alexandria Real Estate Equities were worth $1,614,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in ARE. FinTrust Capital Advisors LLC boosted its position in shares of Alexandria Real Estate Equities by 275.9% in the first quarter. FinTrust Capital Advisors LLC now owns 218 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 160 shares during the period. Riverview Trust Co bought a new stake in shares of Alexandria Real Estate Equities in the fourth quarter valued at approximately $32,000. Signaturefd LLC boosted its position in shares of Alexandria Real Estate Equities by 41.0% in the first quarter. Signaturefd LLC now owns 454 shares of the real estate investment trust’s stock valued at $65,000 after acquiring an additional 132 shares during the period. SRS Capital Advisors Inc. boosted its position in shares of Alexandria Real Estate Equities by 53.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 683 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 239 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Alexandria Real Estate Equities by 53.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 259 shares during the period. 98.63% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE ARE opened at $152.40 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market capitalization of $17.17 billion, a P/E ratio of 23.09, a PEG ratio of 5.06 and a beta of 0.82. Alexandria Real Estate Equities Inc has a one year low of $109.04 and a one year high of $152.81.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, April 29th. The real estate investment trust reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.57). The firm had revenue of $358.80 million during the quarter, compared to analyst estimates of $356.93 million. Alexandria Real Estate Equities had a net margin of 27.29% and a return on equity of 4.91%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 earnings per share. Equities analysts anticipate that Alexandria Real Estate Equities Inc will post 6.97 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.62%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.97. The ex-dividend date is Thursday, June 27th. Alexandria Real Estate Equities’s dividend payout ratio is presently 58.79%.

In other Alexandria Real Estate Equities news, insider Joel S. Marcus sold 8,500 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $140.67, for a total transaction of $1,195,695.00. Following the completion of the transaction, the insider now directly owns 500,712 shares in the company, valued at $70,435,157.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Real Estate Equitie Alexandria acquired 975,000 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were bought at an average price of $10.00 per share, with a total value of $9,750,000.00. The disclosure for this purchase can be found here. Insiders sold 53,830 shares of company stock valued at $7,637,557 over the last 90 days. 1.43% of the stock is currently owned by corporate insiders.

ARE has been the subject of several research reports. Barclays cut Alexandria Real Estate Equities from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $130.00 to $136.00 in a research report on Thursday, April 4th. Mitsubishi UFJ Financial Group upped their target price on Alexandria Real Estate Equities to $132.00 and gave the company a “neutral” rating in a research note on Thursday, March 7th. Canaccord Genuity restated an “average” rating and issued a $25.00 target price on shares of Alexandria Real Estate Equities in a research note on Thursday, March 7th. Finally, Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $152.00 target price for the company in a research note on Monday, March 4th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Alexandria Real Estate Equities presently has a consensus rating of “Buy” and a consensus price target of $108.57.

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About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.

Read More: What does an equal weight rating mean?

Want to see what other hedge funds are holding ARE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexandria Real Estate Equities Inc (NYSE:ARE).

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

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