Sei Investments Co. Raises Position in Alexandria Real Estate Equities, Inc. $ARE

Sei Investments Co. lifted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 5.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 185,487 shares of the real estate investment trust’s stock after purchasing an additional 10,116 shares during the quarter. Sei Investments Co. owned about 0.11% of Alexandria Real Estate Equities worth $8,610,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in Alexandria Real Estate Equities during the fourth quarter worth about $805,429,000. State Street Corp grew its holdings in Alexandria Real Estate Equities by 0.7% in the 4th quarter. State Street Corp now owns 11,348,192 shares of the real estate investment trust’s stock valued at $563,418,000 after buying an additional 75,161 shares during the period. Invesco Ltd. grew its holdings in Alexandria Real Estate Equities by 57.9% in the 4th quarter. Invesco Ltd. now owns 6,033,304 shares of the real estate investment trust’s stock valued at $295,270,000 after buying an additional 2,211,424 shares during the period. Geode Capital Management LLC grew its holdings in Alexandria Real Estate Equities by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 4,459,453 shares of the real estate investment trust’s stock valued at $217,466,000 after buying an additional 48,490 shares during the period. Finally, Capital World Investors increased its stake in shares of Alexandria Real Estate Equities by 0.8% during the 4th quarter. Capital World Investors now owns 3,720,956 shares of the real estate investment trust’s stock valued at $182,104,000 after acquiring an additional 29,575 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

NYSE ARE opened at $51.58 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.20 and a quick ratio of 0.20. Alexandria Real Estate Equities, Inc. has a 1-year low of $39.41 and a 1-year high of $88.24. The firm has a market capitalization of $8.99 billion, a P/E ratio of -8.23, a P/E/G ratio of 6.27 and a beta of 1.15. The business’s 50-day simple moving average is $51.05 and its 200-day simple moving average is $50.37.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.72 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.88 annualized dividend and a yield of 5.6%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently -45.93%.

Insider Buying and Selling

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus acquired 7,500 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was bought at an average price of $42.72 per share, with a total value of $320,400.00. Following the completion of the transaction, the chairman directly owned 587,724 shares of the company’s stock, valued at approximately $25,107,569.28. The trade was a 1.29% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Marc E. Binda sold 2,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $54.00, for a total transaction of $108,000.00. Following the completion of the transaction, the chief financial officer directly owned 188,264 shares in the company, valued at approximately $10,166,256. This represents a 1.05% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.35% of the company’s stock.

Wall Street Analyst Weigh In

ARE has been the topic of several recent analyst reports. BMO Capital Markets increased their price objective on shares of Alexandria Real Estate Equities from $52.00 to $54.00 and gave the stock a “market perform” rating in a report on Friday, June 12th. Jefferies Financial Group lowered their target price on shares of Alexandria Real Estate Equities from $57.00 to $47.00 and set a “hold” rating for the company in a report on Tuesday, April 14th. Zacks Research lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Robert W. Baird reaffirmed a “neutral” rating and set a $46.00 price target (down from $67.00) on shares of Alexandria Real Estate Equities in a research note on Monday, May 4th. Finally, Cantor Fitzgerald decreased their price target on shares of Alexandria Real Estate Equities from $60.00 to $43.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $51.08.

Alexandria Real Estate Equities Profile

Alexandria Real Estate Equities, Inc (NYSE: ARE) is a real estate investment trust specializing in the ownership, development and management of collaborative life science and technology campuses. The company’s properties are designed to support research and innovation by providing specialized laboratory, office and manufacturing space tailored to biotechnology, pharmaceutical, academic and related industries.

Since its founding in 1994, Alexandria has cultivated a diversified portfolio of campuses across leading innovation clusters in North America and Europe.