Natixis Advisors L.P. Has $31.63 Million Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Posted by Defense World Staff on Apr 10th, 2023

Natixis Advisors L.P. raised its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) by 15.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 217,166 shares of the real estate investment trust’s stock after acquiring an additional 28,521 shares during the quarter. Natixis Advisors L.P. owned about 0.13% of Alexandria Real Estate Equities worth $31,634,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ARE. First Horizon Advisors Inc. increased its holdings in Alexandria Real Estate Equities by 96.9% in 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. Guardian Wealth Advisors LLC acquired a new position in Alexandria Real Estate Equities during the third quarter valued at approximately $36,000. Private Trust Co. NA acquired a new position in Alexandria Real Estate Equities during the second quarter valued at approximately $43,000. Parkside Financial Bank & Trust increased its stake in Alexandria Real Estate Equities by 93.8% in 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 in the last quarter. Finally, Quent Capital LLC boosted its position in shares of Alexandria Real Estate Equities by 186.4% during the third quarter. Quent Capital LLC now owns 358 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 233 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on ARE. JPMorgan Chase & Co. lifted their target price on Alexandria Real Estate Equities from $176.00 to $177.00 and gave the stock an “overweight” rating in a report on Thursday, February 2nd. StockNews.com started coverage on shares of Alexandria Real Estate Equities in a research note on Thursday, March 16th. They issued a “hold” rating for the company. JMP Securities reissued a “buy” rating and issued a $180.00 price target on shares of Alexandria Real Estate Equities in a research note on Tuesday, January 31st. Robert W. Baird upped their price objective on Alexandria Real Estate Equities from $162.00 to $174.00 and gave the stock an “outperform” rating in a research report on Thursday, February 2nd. Finally, Evercore ISI dropped their target price on Alexandria Real Estate Equities from $155.00 to $144.00 and set an “outperform” rating on the stock in a research report on Monday, March 27th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $172.63.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $124.39 on Monday. Alexandria Real Estate Equities, Inc. has a 52 week low of $114.94 and a 52 week high of $205.70. The company has a market capitalization of $21.53 billion, a price-to-earnings ratio of 39.74, a PEG ratio of 1.80 and a beta of 0.93. The company has a 50-day simple moving average of $142.71 and a 200 day simple moving average of $144.96. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.35 and a current ratio of 0.35.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last released its quarterly earnings results on Tuesday, January 31st. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.13 by ($1.82). Alexandria Real Estate Equities had a net margin of 20.15% and a return on equity of 2.80%. The firm had revenue of $670.28 million during the quarter, compared to the consensus estimate of $674.21 million. During the same quarter last year, the firm earned $1.97 earnings per share. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. On average, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 8.97 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be given a dividend of $1.21 per share. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 3.89%. Alexandria Real Estate Equities’s payout ratio is presently 154.63%.

Insider Activity at Alexandria Real Estate Equities

In other news, Director Hunter Kass sold 3,803 shares of the company’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $167.45, for a total transaction of $636,812.35. Following the completion of the sale, the director now directly owns 87,850 shares in the company, valued at approximately $14,710,482.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Alexandria Real Estate Equities news, Director Hunter Kass sold 3,803 shares of the firm’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $167.45, for a total value of $636,812.35. Following the sale, the director now owns 87,850 shares of the company’s stock, valued at approximately $14,710,482.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Joel S. Marcus sold 9,000 shares of Alexandria Real Estate Equities stock in a transaction dated 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 owns 388,729 shares in the company, valued at approximately $65,306,472. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,101 shares of company stock worth $2,700,271. Company insiders own 0.96% of the company’s stock.

Alexandria Real Estate Equities Profile

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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.