Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd boosted its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 3.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,620 shares of the real estate investment trust’s stock after purchasing an additional 1,009 shares during the quarter. IFM Investors Pty Ltd’s holdings in Alexandria Real Estate Equities were worth $4,463,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Fulton Bank N.A. lifted its position in shares of Alexandria Real Estate Equities by 4.2% during the 1st quarter. Fulton Bank N.A. now owns 2,074 shares of the real estate investment trust’s stock worth $267,000 after buying an additional 83 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Alexandria Real Estate Equities by 29.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 376 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 85 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in Alexandria Real Estate Equities by 5.0% in the third quarter. Exchange Traded Concepts LLC now owns 2,138 shares of the real estate investment trust’s stock valued at $214,000 after acquiring an additional 102 shares in the last quarter. Arbor Capital Management Inc. ADV boosted its holdings in shares of Alexandria Real Estate Equities by 1.3% in the fourth quarter. Arbor Capital Management Inc. ADV now owns 8,606 shares of the real estate investment trust’s stock valued at $1,079,000 after acquiring an additional 109 shares during the period. Finally, Taylor Frigon Capital Management LLC grew its position in Alexandria Real Estate Equities by 0.7% during the 1st quarter. Taylor Frigon Capital Management LLC now owns 16,234 shares of the real estate investment trust’s stock worth $2,093,000 after purchasing an additional 112 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman Joel S. Marcus sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $118.92, for a total value of $891,900.00. Following the sale, the chairman now owns 429,538 shares in the company, valued at approximately $51,080,658.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 3,200 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $122.90, for a total transaction of $393,280.00. Following the completion of the transaction, the chief executive officer now directly owns 249,683 shares in the company, valued at approximately $30,686,040.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Joel S. Marcus sold 7,500 shares of the company’s 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 directly owns 429,538 shares in the company, valued at approximately $51,080,658.96. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by company insiders.

Alexandria Real Estate Equities Price Performance

Shares of ARE traded down $1.06 during mid-day trading on Friday, hitting $116.24. The company’s stock had a trading volume of 888,255 shares, compared to its average volume of 756,042. The firm has a 50-day simple moving average of $122.98 and a 200 day simple moving average of $117.10. Alexandria Real Estate Equities, Inc. has a 1-year low of $90.73 and a 1-year high of $135.45. The firm has a market capitalization of $20.33 billion, a P/E ratio of 108.63, a P/E/G ratio of 2.68 and a beta of 1.05. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 0.54.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($2.83). Alexandria Real Estate Equities had a net margin of 6.65% and a return on equity of 0.87%. The business had revenue of $757.22 million during the quarter, compared to analyst estimates of $740.16 million. During the same period last year, the business posted $2.14 EPS. Alexandria Real Estate Equities’s revenue was up 13.0% compared to the same quarter last year. Analysts predict that Alexandria Real Estate Equities, Inc. will post 9.46 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ARE shares. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. JMP Securities reaffirmed a “market outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Mizuho lifted their target price on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Wedbush restated an “outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft started coverage on Alexandria Real Estate Equities in a report on Tuesday, January 30th. They set a “buy” rating and a $140.00 price target for the company. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $136.75.

Alexandria Real Estate Equities Company Profile

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.