Allworth Financial LP boosted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) by 41.9% in the 3rd quarter, Holdings Channel reports. The firm owned 5,342 shares of the real estate investment trust’s stock after purchasing an additional 1,577 shares during the period. Allworth Financial LP’s holdings in Alexandria Real Estate Equities were worth $749,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ARE. OneAscent Wealth Management LLC increased its stake in Alexandria Real Estate Equities by 3.2% in the second quarter. OneAscent Wealth Management LLC now owns 2,137 shares of the real estate investment trust’s stock valued at $312,000 after purchasing an additional 66 shares during the period. Veritable LP increased its stake in Alexandria Real Estate Equities by 2.6% in the first quarter. Veritable LP now owns 2,611 shares of the real estate investment trust’s stock valued at $525,000 after purchasing an additional 67 shares during the period. Cetera Advisor Networks LLC increased its stake in Alexandria Real Estate Equities by 7.3% in the first quarter. Cetera Advisor Networks LLC now owns 1,086 shares of the real estate investment trust’s stock valued at $219,000 after purchasing an additional 74 shares during the period. Prudential PLC increased its stake in Alexandria Real Estate Equities by 2.7% in the second quarter. Prudential PLC now owns 3,021 shares of the real estate investment trust’s stock valued at $438,000 after purchasing an additional 78 shares during the period. Finally, Sumitomo Life Insurance Co. increased its stake in shares of Alexandria Real Estate Equities by 1.4% during the second quarter. Sumitomo Life Insurance Co. now owns 6,247 shares of the real estate investment trust’s stock worth $906,000 after acquiring an additional 89 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Alexandria Real Estate Equities Trading Up 0.8 %

Shares of ARE opened at $147.24 on Tuesday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.50. The firm’s 50-day moving average is $146.47 and its two-hundred day moving average is $148.05. Alexandria Real Estate Equities, Inc. has a twelve month low of $126.74 and a twelve month high of $224.95. The firm has a market capitalization of $24.16 billion, a P/E ratio of 44.75, a PEG ratio of 2.27 and a beta of 0.91.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last announced its quarterly earnings results on Tuesday, October 25th. The real estate investment trust reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.12 by ($0.01). Alexandria Real Estate Equities had a net margin of 21.73% and a return on equity of 3.03%. The business had revenue of $659.90 million during the quarter, compared to analysts’ expectations of $657.48 million. During the same period last year, the company earned $1.95 EPS. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, research analysts predict that Alexandria Real Estate Equities, Inc. will post 8.41 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Increases Dividends

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be issued a $1.21 dividend. This represents a $4.84 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Thursday, December 29th. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.18. Alexandria Real Estate Equities’s dividend payout ratio is 143.47%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ARE shares. BTIG Research dropped their price target on shares of Alexandria Real Estate Equities from $233.00 to $186.00 in a research note on Wednesday, October 19th. StockNews.com started coverage on shares of Alexandria Real Estate Equities in a research note on Wednesday, October 12th. They set a “sell” rating on the stock. JMP Securities reiterated a “buy” rating and set a $180.00 price target on shares of Alexandria Real Estate Equities in a research note on Thursday, October 6th. Mizuho boosted their price target on shares of Alexandria Real Estate Equities from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Monday, September 12th. Finally, Royal Bank of Canada dropped their price target on shares of Alexandria Real Estate Equities from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, November 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $173.43.

Insider Buying and Selling at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, CFO Dean A. Shigenaga sold 9,000 shares of the company’s stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $152.51, for a total value of $1,372,590.00. Following the sale, the chief financial officer now owns 134,832 shares of the company’s stock, valued at $20,563,228.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman Joel S. Marcus sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, December 5th. The shares were sold at an average price of $152.00, for a total transaction of $380,000.00. Following the transaction, the chairman now owns 343,526 shares of the company’s stock, valued at $52,215,952. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible via this link. Also, CFO Dean A. Shigenaga sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 14th. The shares were sold at an average price of $152.51, for a total transaction of $1,372,590.00. Following the transaction, the chief financial officer now directly owns 134,832 shares in the company, valued at approximately $20,563,228.32. The disclosure for this sale can be found here. Insiders have sold 34,253 shares of company stock valued at $5,179,946 over the last quarter. Corporate insiders own 0.96% of the company’s stock.

About Alexandria Real Estate Equities

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Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500^® urban office real estate investment trust (“REIT”), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet (“SF” ).

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