Alexandria Real Estate Equities, Inc. $ARE Stock Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 144.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 21,121 shares of the real estate investment trust’s stock after acquiring an additional 12,480 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $1,002,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Alexandria Real Estate Equities in the second quarter worth $1,146,423,000. Bank of New York Mellon Corp bought a new stake in Alexandria Real Estate Equities in the second quarter valued at $79,253,000. Legal & General Group Plc purchased a new position in Alexandria Real Estate Equities during the 2nd quarter valued at $76,647,000. Hsbc Holdings PLC purchased a new position in Alexandria Real Estate Equities during the 2nd quarter valued at $64,485,000. Finally, Bank of America Corp DE bought a new position in Alexandria Real Estate Equities in the 2nd quarter worth $61,516,000. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Up 0.6%

ARE opened at $43.29 on Tuesday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.67. Alexandria Real Estate Equities, Inc. has a 52 week low of $39.41 and a 52 week high of $78.00. The stock has a market cap of $7.54 billion, a PE ratio of -7.14 and a beta of 1.16. The business has a 50 day moving average of $48.90 and a 200-day moving average of $50.01.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, October 26th. The real estate investment trust reported $1.54 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $1.57. The company had revenue of $671.18 million for the quarter, compared to analysts’ expectations of $646.26 million. Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.08%. The firm’s revenue for the quarter was down 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.22 earnings per share. Equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 6.39 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 6.7%. The ex-dividend date was Wednesday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently -47.52%.

Trending Headlines about Alexandria Real Estate Equities

Here are the key news stories impacting Alexandria Real Estate Equities this week:

• Positive Sentiment: Third-quarter adjusted FFO was $1.54 per share, ahead of the $1.52–$1.53 analyst consensus and above the company’s expectations. Revenue of $671.2 million also exceeded the approximately $646.3 million consensus estimate, providing support for ARE shares. Adjusted FFO earnings flash
• Positive Sentiment: Management narrowed its full-year guidance range, which may reduce uncertainty around the company’s outlook and contributed to the generally constructive initial reaction. Alexandria Real Estate Q3 earnings and guidance
• Positive Sentiment: Zacks upgraded Alexandria Real Estate Equities to a Zacks Rank #2 (Buy), citing improving optimism about its earnings prospects. Zacks Buy upgrade

Insider Buying and Selling

In related news, CAO Andres Gavinet sold 10,000 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $50.93, for a total transaction of $509,300.00. Following the completion of the transaction, the chief accounting officer directly owned 102,516 shares of the company’s stock, valued at $5,221,139.88. This trade represents a 8.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Joel S. Marcus acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The shares were acquired at an average cost of $49.68 per share, for a total transaction of $248,400.00. Following the purchase, the chairman directly owned 597,724 shares of the company’s stock, valued at $29,694,928.32. This represents a 0.84% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.35% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Raymond James Financial set a $41.00 target price on shares of Alexandria Real Estate Equities in a research report on Monday, October 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Thursday, October 15th. Royal Bank Of Canada set a $41.00 price target on shares of Alexandria Real Estate Equities in a research report on Monday, October 12th. Mizuho decreased their price target on shares of Alexandria Real Estate Equities from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, July 6th. Finally, Evercore restated an “outperform” rating and issued a $59.00 price objective on shares of Alexandria Real Estate Equities in a report on Monday, September 21st. Two investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, Alexandria Real Estate Equities presently has an average rating of “Reduce” and an average target price of $50.86.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE) is a real estate investment trust that owns, operates and develops collaborative life science, agtech and advanced technology campuses. Its properties are designed for companies, research institutions and government agencies engaged in biotechnology, pharmaceuticals, medical devices, agriculture technology and related fields.

The company provides laboratory, office and research space, along with supporting amenities and infrastructure intended to foster collaboration among its tenants.