Greenleaf Trust lessened its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,092 shares of the real estate investment trust’s stock after selling 95 shares during the period. Greenleaf Trust’s holdings in Alexandria Real Estate Equities were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the business. Ronald Blue Trust Inc. bought a new stake in Alexandria Real Estate Equities during the second quarter worth approximately $25,000. Guardian Wealth Advisors LLC purchased a new position in shares of Alexandria Real Estate Equities during the 3rd quarter valued at $36,000. First Horizon Advisors Inc. lifted its stake in shares of Alexandria Real Estate Equities by 96.9% in the 3rd 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 stake in shares of Alexandria Real Estate Equities in the 2nd quarter valued at $43,000. Finally, Parkside Financial Bank & Trust lifted its position in Alexandria Real Estate Equities by 93.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on ARE. StockNews.com started coverage on shares of Alexandria Real Estate Equities in a research report on Thursday, March 16th. They set a “hold” rating for the company. Mizuho upped their target price on shares of Alexandria Real Estate Equities from $178.00 to $180.00 and gave the company a “buy” rating in a research note on Monday, February 13th. JPMorgan Chase & Co. upped their target price on shares of 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 decreased their price target on shares of Alexandria Real Estate Equities from $155.00 to $144.00 and set an “outperform” rating on the stock in a research note on Monday, March 27th. Finally, JMP Securities restated a “buy” rating and issued a $180.00 price objective on shares of Alexandria Real Estate Equities in a report on Tuesday, January 31st. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $172.63.
Alexandria Real Estate Equities Stock Performance
Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last posted its earnings results on Tuesday, January 31st. The real estate investment trust reported $0.31 earnings per share (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 analyst estimates of $674.21 million. Alexandria Real Estate Equities had a return on equity of 2.80% and a net margin of 20.15%. The business’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.97 EPS. On average, sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 8.95 EPS for the current year.
Alexandria Real Estate Equities Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be paid a $1.21 dividend. This represents a $4.84 annualized dividend and a yield of 3.89%. The ex-dividend date is Thursday, March 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 154.63%.
Insiders Place Their Bets
In other Alexandria Real Estate Equities news, EVP Marc E. Binda sold 3,298 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $167.21, for a total value of $551,458.58. Following the completion of the sale, the executive vice president now owns 67,005 shares in the company, valued at approximately $11,203,906.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Joel S. Marcus sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $168.00, for a total value of $1,512,000.00. Following the completion of the transaction, the chairman now directly owns 388,729 shares in the company, valued at approximately $65,306,472. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Marc E. Binda sold 3,298 shares of the business’s stock in a transaction that occurred on Monday, February 6th. The shares were 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 owns 67,005 shares of the company’s stock, valued at $11,203,906.05. The disclosure for this sale can be found here. Insiders sold 16,101 shares of company stock worth $2,700,271 in the last quarter. 0.96% of the stock is currently 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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