SG Americas Securities LLC lowered its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) by 62.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 5,980 shares of the real estate investment trust’s stock after selling 9,966 shares during the quarter. SG Americas Securities LLC’s holdings in Alexandria Real Estate Equities were worth $1,203,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the business. Confluence Wealth Services Inc. acquired a new position in Alexandria Real Estate Equities during the 4th quarter worth approximately $27,000. Bank of New Hampshire purchased a new stake in shares of Alexandria Real Estate Equities during the first quarter valued at approximately $28,000. Riverview Trust Co purchased a new stake in shares of Alexandria Real Estate Equities during the first quarter valued at approximately $32,000. Addison Advisors LLC lifted its position in shares of Alexandria Real Estate Equities by 215.1% during the first quarter. Addison Advisors LLC now owns 230 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 157 shares in the last quarter. Finally, Covestor Ltd purchased a new position in shares of Alexandria Real Estate Equities in the fourth quarter valued at $55,000. Hedge funds and other institutional investors own 94.49% of the company’s stock.
Alexandria Real Estate Equities Price Performance
Shares of ARE opened at $165.78 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.40 and a debt-to-equity ratio of 0.50. The firm has a market cap of $27.05 billion, a price-to-earnings ratio of 89.61, a PEG ratio of 2.41 and a beta of 0.88. Alexandria Real Estate Equities, Inc. has a 52 week low of $130.00 and a 52 week high of $224.95. The stock has a 50 day moving average of $149.54 and a 200-day moving average of $176.07.
Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last released its earnings results on Monday, July 25th. The real estate investment trust reported $1.67 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $643.80 million during the quarter, compared to analyst estimates of $633.13 million. During the same quarter in the previous year, the firm earned $1.93 earnings per share. The firm’s revenue for the quarter was up 26.3% compared to the same quarter last year. As a group, analysts forecast that Alexandria Real Estate Equities, Inc. will post 8.4 EPS for the current year.
Alexandria Real Estate Equities Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were paid a $1.18 dividend. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.15. This represents a $4.72 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date was Wednesday, June 29th. Alexandria Real Estate Equities’s payout ratio is presently 255.14%.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. JMP Securities cut their price objective on shares of Alexandria Real Estate Equities from $230.00 to $200.00 and set a “market outperform” rating on the stock in a report on Wednesday. Credit Suisse Group assumed coverage on Alexandria Real Estate Equities in a report on Wednesday, June 22nd. They issued a “neutral” rating and a $140.00 price target for the company. Mizuho dropped 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 downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Thursday, April 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.40.
In related news, CEO Stephen Richardson sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $171.47, for a total value of $857,350.00. Following the sale, the chief executive officer now owns 175,602 shares of the company’s stock, valued at approximately $30,110,474.94. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, major shareholder Real Estate Equitie Alexandria acquired 3,500,000 shares of the business’s stock in a transaction that occurred on Monday, June 27th. The shares were purchased at an average cost of $1.00 per share, for a total transaction of $3,500,000.00. Following the transaction, the insider now directly owns 4,555,077 shares in the company, valued at approximately $4,555,077. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen Richardson sold 5,000 shares of the business’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $171.47, for a total transaction of $857,350.00. Following the transaction, the chief executive officer now directly owns 175,602 shares of the company’s stock, valued at $30,110,474.94. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.
About Alexandria Real Estate Equities
Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> 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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