LPL Financial LLC lifted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) by 3.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,919 shares of the real estate investment trust’s stock after buying an additional 675 shares during the quarter. LPL Financial LLC’s holdings in Alexandria Real Estate Equities were worth $2,610,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Alexandria Real Estate Equities by 1.0% in the third quarter. Vanguard Group Inc. now owns 25,749,043 shares of the real estate investment trust’s stock worth $3,609,759,000 after buying an additional 253,345 shares in the last quarter. BlackRock Inc. raised its stake in Alexandria Real Estate Equities by 0.3% during the third quarter. BlackRock Inc. now owns 15,161,961 shares of the real estate investment trust’s stock valued at $2,125,554,000 after purchasing an additional 44,792 shares in the last quarter. The Canada Pension Plan Investment Board raised its stake in Alexandria Real Estate Equities by 29.2% during the third quarter. Canada Pension Plan Investment Board now owns 3,913,856 shares of the real estate investment trust’s stock valued at $548,683,000 after purchasing an additional 885,711 shares in the last quarter. Northern Trust Corp raised its stake in Alexandria Real Estate Equities by 2.1% during the first quarter. Northern Trust Corp now owns 2,291,076 shares of the real estate investment trust’s stock valued at $461,079,000 after purchasing an additional 46,933 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Alexandria Real Estate Equities by 6.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,365,118 shares of the real estate investment trust’s stock valued at $274,731,000 after purchasing an additional 82,580 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equity research analysts recently issued reports on the stock. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Friday, May 12th. JMP Securities reaffirmed a “buy” rating and set a $180.00 price target on shares of Alexandria Real Estate Equities in a research note on Tuesday, January 31st. JPMorgan Chase & Co. upped their price target on shares of Alexandria Real Estate Equities from $176.00 to $177.00 and gave the company an “overweight” rating in a research note on Thursday, February 2nd. Evercore ISI cut their price objective on shares of Alexandria Real Estate Equities from $155.00 to $144.00 and set an “outperform” rating on the stock in a research report on Monday, March 27th. Finally, Royal Bank of Canada cut their price objective on shares of Alexandria Real Estate Equities from $198.00 to $166.00 in a research report on Thursday, May 4th. Two equity research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Alexandria Real Estate Equities has an average rating of “Moderate Buy” and an average target price of $164.00.
Insiders Place Their Bets
In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of the stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $122.20, for a total transaction of $916,500.00. Following the transaction, the chairman now directly owns 351,354 shares in the company, valued at approximately $42,935,458.80. The sale was disclosed in a document filed with the SEC, which can be accessed via this hyperlink. 1.60% of the stock is owned by company insiders.
Alexandria Real Estate Equities Trading Down 0.9 %
NYSE ARE opened at $115.80 on Friday. The company’s 50-day moving average price is $121.91 and its 200-day moving average price is $141.42. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The stock has a market cap of $20.03 billion, a PE ratio of 25.56, a PEG ratio of 1.34 and a beta of 0.93. Alexandria Real Estate Equities, Inc. has a 12 month low of $114.94 and a 12 month high of $172.65.
Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last issued its earnings results on Tuesday, April 25th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($1.71). Alexandria Real Estate Equities has a return on equity of 3.77% and a net margin of 28.01%. The business had revenue of $700.80 million for the quarter, compared to the consensus estimate of $686.70 million. During the same quarter in the previous year, the company earned $2.05 earnings per share. The firm’s revenue was up 13.9% on a year-over-year basis. Equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 8.95 earnings per share for the current year.
Alexandria Real Estate Equities Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Friday, March 31st were issued a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 4.18%. The ex-dividend date was Thursday, March 30th. Alexandria Real Estate Equities’s payout ratio is 106.84%.
Alexandria Real Estate Equities Company Profile
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Alexandria Real Estate Equities, Inc engages in the business of providing space for lease. The firm is also an owner, operator, and developer of life science, agrotechnology, and technology campuses in Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.
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