Xponance Inc. Has $2.58 Million Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Posted by Defense World Staff on Jul 2nd, 2023

Xponance Inc. lessened its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 22.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 20,542 shares of the real estate investment trust’s stock after selling 5,858 shares during the period. Xponance Inc.’s holdings in Alexandria Real Estate Equities were worth $2,580,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Mercer Global Advisors Inc. ADV lifted its holdings in Alexandria Real Estate Equities by 2.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,512 shares of the real estate investment trust’s stock worth $366,000 after buying an additional 62 shares in the last quarter. Great Valley Advisor Group Inc. lifted its stake in shares of Alexandria Real Estate Equities by 3.7% in the 4th quarter. Great Valley Advisor Group Inc. now owns 1,841 shares of the real estate investment trust’s stock valued at $268,000 after purchasing an additional 66 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Alexandria Real Estate Equities by 2.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,083 shares of the real estate investment trust’s stock valued at $449,000 after purchasing an additional 70 shares during the period. Arkadios Wealth Advisors lifted its stake in shares of Alexandria Real Estate Equities by 4.4% in the 4th quarter. Arkadios Wealth Advisors now owns 1,730 shares of the real estate investment trust’s stock valued at $252,000 after purchasing an additional 73 shares during the period. Finally, Seaport Global Advisors LLC lifted its stake in shares of Alexandria Real Estate Equities by 7.5% in the 4th quarter. Seaport Global Advisors LLC now owns 1,047 shares of the real estate investment trust’s stock valued at $153,000 after purchasing an additional 73 shares during the period. Institutional investors and hedge funds own 85.60% of the company’s stock.

Insider Transactions at Alexandria Real Estate Equities

In other news, Chairman Joel S. Marcus sold 7,500 shares of the stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $122.20, for a total transaction of $916,500.00. Following the transaction, the chairman now owns 351,354 shares of the company’s stock, valued at approximately $42,935,458.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ARE. Evercore ISI cut their price target on 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. StockNews.com cut Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. Royal Bank of Canada lowered their price target on Alexandria Real Estate Equities from $198.00 to $166.00 in a research report on Thursday, May 4th. Finally, Mizuho reduced their price objective on Alexandria Real Estate Equities from $180.00 to $145.00 in a report on Monday, April 24th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $167.43.

Alexandria Real Estate Equities Stock Up 0.1 %

Shares of ARE opened at $113.49 on Friday. Alexandria Real Estate Equities, Inc. has a one year low of $108.81 and a one year high of $172.65. The company has a market cap of $19.63 billion, a P/E ratio of 25.05, a P/E/G ratio of 1.30 and a beta of 0.93. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a 50 day simple moving average of $117.69 and a two-hundred day simple moving average of $134.33.

Alexandria Real Estate Equities (NYSE:ARE – Free Report) last announced its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($1.71). The company had revenue of $700.80 million for the quarter, compared to analyst estimates of $686.70 million. Alexandria Real Estate Equities had a return on equity of 3.77% and a net margin of 28.01%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the company posted $2.05 earnings per share. Research analysts forecast that Alexandria Real Estate Equities, Inc. will post 8.96 EPS for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be given a dividend of $1.24 per share. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $4.96 dividend on an annualized basis and a yield of 4.37%. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.21. Alexandria Real Estate Equities’s dividend payout ratio is 109.49%.

Alexandria Real Estate Equities Company Profile

(Free Report)

Alexandria Real Estate Equities, Inc (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since its founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.