Wedmont Private Capital acquired a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,063 shares of the real estate investment trust’s stock, valued at approximately $304,000.
Several other institutional investors and hedge funds also recently modified their holdings of ARE. Ronald Blue Trust Inc. acquired a new position in shares of Alexandria Real Estate Equities during the second quarter worth about $25,000. Guardian Wealth Advisors LLC acquired a new position in Alexandria Real Estate Equities during the third quarter valued at approximately $36,000. First Horizon Advisors Inc. boosted its position in Alexandria Real Estate Equities by 96.9% during the third quarter. First Horizon Advisors Inc. now owns 254 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 125 shares during the last quarter. Private Trust Co. NA acquired a new position in Alexandria Real Estate Equities during the second quarter valued at approximately $43,000. Finally, Parkside Financial Bank & Trust boosted its position in Alexandria Real Estate Equities by 93.8% during the third quarter. Parkside Financial Bank & Trust now owns 310 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 150 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
ARE has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on Alexandria Real Estate Equities from $176.00 to $177.00 and gave the company an “overweight” rating in a research note on Thursday, February 2nd. Evercore ISI lowered their target price on Alexandria Real Estate Equities to $168.00 in a research note on Friday, December 2nd. JMP Securities reiterated a “buy” rating and set a $180.00 target price on shares of Alexandria Real Estate Equities in a research note on Tuesday, January 31st. Mizuho increased their target price on Alexandria Real Estate Equities from $178.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday, February 13th. Finally, StockNews.com started coverage on Alexandria Real Estate Equities in a research note on Thursday. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $175.63.
Alexandria Real Estate Equities Price Performance
Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last posted its quarterly earnings data on Tuesday, January 31st. The real estate investment trust reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $2.13 by ($1.82). The company had revenue of $670.28 million for the quarter, compared to the consensus estimate of $674.21 million. Alexandria Real Estate Equities had a return on equity of 2.80% and a net margin of 20.15%. Alexandria Real Estate Equities’s revenue was up 16.2% on a year-over-year basis. During the same quarter last year, the business earned $1.97 EPS. As a group, research analysts expect that Alexandria Real Estate Equities, Inc. will post 8.95 EPS for the current fiscal year.
Alexandria Real Estate Equities Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be issued a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Thursday, March 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 154.63%.
Insider Activity at Alexandria Real Estate Equities
In related news, Chairman Joel S. Marcus sold 9,000 shares of the firm’s stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $168.00, for a total transaction of $1,512,000.00. Following the sale, the chairman now owns 388,729 shares of the company’s stock, valued at approximately $65,306,472. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Marc E. Binda sold 3,298 shares of the firm’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $167.21, for a total transaction of $551,458.58. Following the completion of the transaction, the executive vice president now directly owns 67,005 shares of the company’s stock, valued at approximately $11,203,906.05. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Joel S. Marcus sold 9,000 shares of the firm’s stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $168.00, for a total value of $1,512,000.00. Following the transaction, the chairman now directly owns 388,729 shares of the company’s stock, valued at $65,306,472. The disclosure for this sale can be found here. Insiders have sold a total of 16,101 shares of company stock valued at $2,700,271 in the last 90 days. 0.96% of the stock is owned by corporate insiders.
Alexandria Real Estate Equities Company Profile
Alexandria Real Estate Equities, Inc engages in the business of providing space for lease. The firm is also an owner, operator, and developer of life science, agrotechnology, and technology campuses in Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.
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