Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) by 13.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,791 shares of the real estate investment trust’s stock after buying an additional 1,013 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Alexandria Real Estate Equities were worth $1,769,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Parallel Advisors LLC grew its holdings in Alexandria Real Estate Equities by 6.2% during the 1st quarter. Parallel Advisors LLC now owns 1,004 shares of the real estate investment trust’s stock valued at $203,000 after buying an additional 59 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund grew its holdings in Alexandria Real Estate Equities by 1.8% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 3,712 shares of the real estate investment trust’s stock valued at $828,000 after buying an additional 67 shares during the last quarter. Values ​​First Advisors Inc. grew its holdings in Alexandria Real Estate Equities by 4.4% during the 1st quarter. Values ​​First Advisors Inc. now owns 1,627 shares of the real estate investment trust’s stock valued at $327,000 after buying an additional 69 shares during the last quarter. Mackay Shields LLC grew its holdings in Alexandria Real Estate Equities by 0.3% during the 4th quarter. Mackay Shields LLC now owns 21,175 shares of the real estate investment trust’s stock valued at $4,722,000 after buying an additional 72 shares during the last quarter. Finally, Orion Portfolio Solutions LLC grew its holdings in Alexandria Real Estate Equities by 3.9% during the 4th quarter. Orion Portfolio Solutions LLC now owns 2,035 shares of the real estate investment trust’s stock valued at $454,000 after buying an additional 77 shares during the last quarter. Institutional investors and hedge funds own 94.49% of the company’s stock.

Insider Buying and Selling at Alexandria Real Estate Equities

In related news, major shareholder Real Estate Equitie Alexandria acquired 3,500,000 shares of the business’s stock in a transaction on Monday, June 27th. The shares were bought at an average cost of $1.00 per share, with a total value of $3,500,000.00. Following the completion of the transaction, the insider now directly owns 4,555,077 shares of the company’s stock, valued at approximately $4,555,077. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Alexandria Real Estate Equities news, major shareholder Real Estate Equitie Alexandria bought 3,500,000 shares of the company’s stock in a transaction dated Monday, June 27th. The shares were acquired at an average cost of $1.00 per share, with a total value of $3,500,000.00. Following the completion of the transaction, the insider now owns 4,555,077 shares in the company, valued at $4,555,077. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Jackie B. Clem sold 794 shares of the stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $156.60, for a total value of $124,340.40. Following the completion of the transaction, the general counsel now directly owns 22,824 shares of the company’s stock, valued at approximately $3,574,238.40. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ARE shares. Credit Suisse Group started coverage on Alexandria Real Estate Equities in a report on Wednesday, June 22nd. They set a “neutral” rating and a $140.00 price objective on the stock. JMP Securities decreased their price objective on Alexandria Real Estate Equities from $230.00 to $200.00 and set a “market outperform” rating on the stock in a report on Wednesday, July 27th. Mizuho decreased their price objective on Alexandria Real Estate Equities from $219.00 to $172.00 and set a “buy” rating on the stock in a report on Thursday, June 23rd. Finally, StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Friday, August 5th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of “Moderate Buy” and an average target price of $193.40.

Alexandria Real Estate Equities Trading Up 0.2%

Shares of ARE opened at $166.97 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $27.24 billion, a P/E ratio of 90.25, a price-to-earnings-growth ratio of 2.50 and a beta of 0.92. The stock’s fifty day simple moving average is $149.20 and its 200 day simple moving average is $173.60. Alexandria Real Estate Equities, Inc. has a twelve month low of $130.00 and a twelve month high of $224.95.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last issued its earnings results on Monday, July 25th. The real estate investment trust reported $1.67 earnings per share for the quarter, topping the consensus estimate of $0.66 by $1.01. The business had revenue of $643.80 million for the quarter, compared to analyst estimates of $633.13 million. Alexandria Real Estate Equities had a return on equity of 1.93% and a net margin of 12.54%. The business’s quarterly revenue was up 26.3% on a year-over-year basis. During the same period last year, the company posted $1.93 EPS. On average, equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 8.4 earnings per share for the current year.

Alexandria Real Estate Equities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were given a $1.18 dividend. The ex-dividend date of this dividend was Wednesday, June 29th. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.15. This represents a $4.72 annualized dividend and a yield of 2.83%. Alexandria Real Estate Equities’ dividend payout ratio (DPR) is 255.14%.

Alexandria Real Estate Equities Company Profile

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Alexandria Real Estate Equities, Inc (NYSE:ARE), on the 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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