HBW Advisory Services LLC purchased a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,507 shares of the real estate investment trust’s stock, valued at approximately $1,163,000.
A number of other hedge funds have also recently made changes to their positions in the stock. OMERS ADMINISTRATION Corp increased its stake in Alexandria Real Estate Equities by 4.3% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 6,149 shares of the real estate investment trust’s stock worth $285,000 after buying an additional 252 shares during the period. Arizona State Retirement System lifted its holdings in Alexandria Real Estate Equities by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 42,994 shares of the real estate investment trust’s stock valued at $2,272,000 after buying an additional 286 shares in the last quarter. Tema ETFs LLC lifted its holdings in Alexandria Real Estate Equities by 10.5% during the 2nd quarter. Tema ETFs LLC now owns 3,060 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 290 shares in the last quarter. SJS Investment Consulting Inc. boosted its position in Alexandria Real Estate Equities by 38.7% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,150 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 321 shares during the period. Finally, Mather Group LLC. boosted its position in Alexandria Real Estate Equities by 30.1% in the 3rd quarter. Mather Group LLC. now owns 1,408 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 326 shares during the period. 96.54% of the stock is currently owned by institutional investors.
Alexandria Real Estate Equities Stock Up 2.0%
NYSE:ARE opened at $42.32 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.19 and a quick ratio of 0.19. Alexandria Real Estate Equities, Inc. has a 1-year low of $39.41 and a 1-year high of $78.51. The company has a 50-day moving average of $49.73 and a 200 day moving average of $49.07. The firm has a market cap of $7.37 billion, a PE ratio of -6.98 and a beta of 1.16.
Alexandria Real Estate Equities Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend was Wednesday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is presently -47.52%.
Analyst Upgrades and Downgrades
A number of brokerages have commented on ARE. Wall Street Zen downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Raymond James Financial set a $41.00 target price on shares of Alexandria Real Estate Equities in a research report on Monday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Friday, July 17th. 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, Zacks Research upgraded Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. Two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $50.86.
Read Our Latest Stock Analysis on Alexandria Real Estate Equities
Insider Activity
In other news, CAO Andres Gavinet sold 10,000 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $50.93, for a total transaction of $509,300.00. Following the transaction, the chief accounting officer directly owned 102,516 shares in the company, valued at approximately $5,221,139.88. This trade represents a 8.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Joel S. Marcus acquired 5,000 shares of the business’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 completion of the acquisition, the chairman owned 597,724 shares of the company’s stock, valued at $29,694,928.32. This trade represents a 0.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.35% of the company’s stock.
Alexandria Real Estate Equities Company Profile
Alexandria Real Estate Equities, Inc (NYSE:ARE) is a real estate investment trust focused on owning, operating and developing collaborative life science, agtech and advanced technology campuses. The company provides specialized laboratory, research and office space for organizations involved in biotechnology, pharmaceuticals, medical devices, diagnostics, healthcare and related fields.
Alexandria’s properties are designed to support innovation through purpose-built facilities, shared amenities and environments that encourage collaboration among companies, academic institutions, medical centers and research organizations.
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