M. Kulyk & Associates LLC Purchases 7,989 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

M. Kulyk & Associates LLC boosted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) by 60.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC) . The fund owned 21,185 shares of the real estate investment trust’s stock after acquiring an additional 7,989 shares during the period. M. Kulyk & Associates LLC’s holdings in Alexandria Real Estate Equities were worth $2,970,000 at the end of the most recent quarter.

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Several other institutional investors have also added to or reduced their stakes in ARE. Raymond James Financial Services Advisors Inc. raised its position in shares of Alexandria Real Estate Equities by 8.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 4,377 shares of the real estate investment trust’s stock worth $881,000 after purchasing an additional 348 shares during the period. American Century Companies Inc. boosted its stake in Alexandria Real Estate Equities by 242.4% in the first quarter. American Century Companies Inc. now owns 4,499 shares of the real estate investment trust’s stock valued at $906,000 after acquiring an additional 3,185 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Alexandria Real Estate Equities by 14.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,753 shares of the real estate investment trust’s stock valued at $957,000 after acquiring an additional 598 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of Alexandria Real Estate Equities by 11.7% during the 1st quarter. HighTower Advisors LLC now owns 5,903 shares of the real estate investment trust’s stock valued at $1,187,000 after buying an additional 620 shares in the last quarter. Finally, Cetera Advisor Networks LLC lifted its stake in shares of Alexandria Real Estate Equities by 7.3% during the 1st quarter. Cetera Advisor Networks LLC now owns 1,086 shares of the real estate investment trust’s stock valued at $219,000 after buying an additional 74 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Insiders Activity

In related news, CEO Peter M. Moglia sold 2,000 shares of the stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $151.89, for a total value of $303,780.00. Following the transaction, the chief executive officer now directly owns 167,099 shares of the company’s stock, valued at approximately $25,380,667.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Peter M. Moglia sold 2,000 shares of the stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $151.89, for a total value of $303,780.00. Following the transaction, the chief executive officer now directly owns 167,099 shares of the company’s stock, valued at approximately $25,380,667.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Dean A. Shigenaga sold 9,000 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 134,832 shares in the company, valued at $20,563,228.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,253 shares of company stock worth $5,179,946. 0.96% of the stock is currently owned by corporate insiders.

Alexandria Real Estate Equities Stock Down 0.3 %

Alexandria Real Estate Equities stock traded down $0.43 during trading hours on Friday, reaching $156.77. The stock had a trading volume of 163,351 shares, compared to its average volume of 612,897. The company has a market cap of $25.72 billion, a price-to-earnings ratio of 47.78, a PEG ratio of 2.28 and a beta of 0.91. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.37 and a quick ratio of 0.37. The business’s 50-day moving average price is $150.42 and its 200-day moving average price is $149.55. Alexandria Real Estate Equities, Inc. has a 52 week low of $126.74 and a 52 week high of $206.85.

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

Alexandria Real Estate Equities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were issued a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 3.09%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.18. The ex-dividend date of this dividend was Thursday, December 29th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 147.11%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ARE shares. StockNews.com initiated coverage on shares of Alexandria Real Estate Equities in a report on Wednesday, October 12th. They set a “sell” rating on the stock. JMP Securities reiterated a “buy” rating and issued a $180.00 price target on shares of Alexandria Real Estate Equities in a report on Thursday, October 6th. Robert W. Baird lifted their price target on Alexandria Real Estate Equities from $151.00 to $162.00 in a research report on Friday, December 2nd. Royal Bank of Canada lowered their target price on shares of Alexandria Real Estate Equities from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, November 10th. Finally, Evercore ISI cut their price objective on shares of Alexandria Real Estate Equities to $168.00 in a research report on Friday, December 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued 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 target price of $173.43.

Alexandria Real Estate Equities Company Profile

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Alexandria Real Estate Equities, Inc is an urban office real estate investment trust. The firm engages in the ownership, operation, development, and redevelopment of life science and technology properties. It also provides a space for lease to the life science and technology industries, which are primarily located in AAA urban innovation cluster locations.

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