Northwestern Mutual Wealth Management Co. Has $660,000 Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Northwestern Mutual Wealth Management Co. grew its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) by 12.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,280 shares of the real estate investment trust’s stock after purchasing an additional 353 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Alexandria Real Estate Equities were worth $660,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ARE. Industrial Alliance Investment Management Inc. acquired a new stake in Alexandria Real Estate Equities in the 4th quarter worth $26,000. Confluence Wealth Services Inc. bought a new position in shares of Alexandria Real Estate Equities during the 4th quarter worth about $27,000. Bank of New Hampshire bought a new position in shares of Alexandria Real Estate Equities during the 1st quarter worth about $28,000. Riverview Trust Co bought a new position in shares of Alexandria Real Estate Equities during the 1st quarter worth about $32,000. Finally, Addison Advisors LLC lifted its holdings in shares of Alexandria Real Estate Equities by 215.1% during the 1st quarter. Addison Advisors LLC now owns 230 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 157 shares during the period. 94.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ARE. StockNews.com downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Saturday, August 13th. JMP Securities reduced their objective price on shares of Alexandria Real Estate Equities from $230.00 to $200.00 and set a “market outperform” rating for the company in a report on Wednesday, July 27th. Credit Suisse Group initiated coverage on shares of Alexandria Real Estate Equities in a report on Wednesday, June 22nd. They set a “neutral” rating and a $140.00 price target for the company. Finally, Mizuho cut their price target on shares of Alexandria Real Estate Equities from $219.00 to $172.00 and set a “buy” rating for the company in a report on Thursday, June 23rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $186.25.

Alexandria Real Estate Equities Trading Down 1.6%

Shares of ARE stock opened at $163.15 on Friday. Alexandria Real Estate Equities, Inc. has a 12-month low of $130.00 and a 12-month high of $224.95. The company has a market capitalization of $26.62 billion, a P/E ratio of 88.19, a P/E/G ratio of 2.55 and a beta of 0.92. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $150.57 and a 200-day moving average price of $172.28.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last announced its earnings results on Monday, July 25th. The real estate investment trust reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $1.01. Alexandria Real Estate Equities had a net margin of 12.54% and a return on equity of 1.93%. The company had revenue of $643.80 million during the quarter, compared to the consensus estimate of $633.13 million. During the same period in the previous year, the firm posted $1.93 earnings per share. The company’s revenue was up 26.3% on a year-over-year basis. Research analysts forecast that Alexandria Real Estate Equities, Inc. will post 8.41 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a dividend of $1.18 per share. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $4.72 annualized dividend and a dividend yield of 2.89%. Alexandria Real Estate Equities’s payout ratio is currently 255.14%.

Insider Transactions at Alexandria Real Estate Equities

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

Alexandria Real Estate Equities 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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