Glassman Wealth Services Has $37,000 Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Glassman Wealth Services lifted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 122.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 291 shares of the real estate investment trust’s stock after acquiring an additional 160 shares during the quarter. Glassman Wealth Services’ holdings in Alexandria Real Estate Equities were worth $37,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARE. Norges Bank purchased a new stake in shares of Alexandria Real Estate Equities in the fourth quarter valued at $2,086,085,000. Jennison Associates LLC lifted its stake in Alexandria Real Estate Equities by 180.3% in the 4th quarter. Jennison Associates LLC now owns 1,010,943 shares of the real estate investment trust’s stock worth $128,157,000 after acquiring an additional 650,248 shares in the last quarter. Aew Capital Management L P boosted its position in Alexandria Real Estate Equities by 881.2% during the 3rd quarter. Aew Capital Management L P now owns 347,330 shares of the real estate investment trust’s stock worth $34,768,000 after acquiring an additional 311,930 shares during the period. Ceredex Value Advisors LLC acquired a new stake in Alexandria Real Estate Equities during the 4th quarter worth about $36,223,000. Finally, Schroder Investment Management Group grew its stake in Alexandria Real Estate Equities by 87.9% during the 3rd quarter. Schroder Investment Management Group now owns 597,708 shares of the real estate investment trust’s stock valued at $59,831,000 after acquiring an additional 279,649 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Insider Activity at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 3,200 shares of the business’s stock in a transaction on 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 owns 249,683 shares of the company’s stock, valued at approximately $30,686,040.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Chairman Joel S. Marcus sold 7,500 shares of the firm’s stock in a transaction 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 sale, the chairman now owns 429,538 shares in the company, valued at $51,080,658.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Peter M. Moglia sold 3,200 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $122.90, for a total transaction of $393,280.00. Following the transaction, the chief executive officer now owns 249,683 shares of the company’s stock, valued at $30,686,040.70. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by company insiders.

Alexandria Real Estate Equities Stock Up 1.2 %

NYSE ARE traded up $1.38 during trading on Thursday, hitting $118.17. 815,173 shares of the company traded hands, compared to its average volume of 996,748. Alexandria Real Estate Equities, Inc. has a 12 month low of $90.73 and a 12 month high of $135.45. The business has a fifty day simple moving average of $122.82 and a 200 day simple moving average of $117.59. The company has a market capitalization of $20.67 billion, a P/E ratio of 109.09, a PEG ratio of 2.23 and a beta of 1.07. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.54.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of $2.29 by ($2.83). The company had revenue of $757.22 million during the quarter, compared to the consensus estimate of $740.16 million. Alexandria Real Estate Equities had a net margin of 6.65% and a return on equity of 0.87%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.14 earnings per share. As a group, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.48 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company 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 annualized dividend and a dividend yield of 4.30%. The ex-dividend date was Wednesday, March 27th. Alexandria Real Estate Equities’s dividend payout ratio is currently 474.77%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. JMP Securities restated a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Wedbush reaffirmed an “outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 24th. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft began coverage on Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They issued a “buy” rating and a $140.00 target price on the stock. Finally, Mizuho raised their price target on 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. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Alexandria Real Estate Equities currently has an average rating of “Moderate Buy” and a consensus price target of $136.75.

Alexandria Real Estate Equities 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.