Cbre Clarion Securities LLC Cuts Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Cbre Clarion Securities LLC cut its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 8.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 780,383 shares of the real estate investment trust’s stock after selling 72,937 shares during the period. Alexandria Real Estate Equities comprises approximately 2.6% of Cbre Clarion Securities LLC’s portfolio, making the stock its 11th largest position. Cbre Clarion Securities LLC owned about 0.53% of Alexandria Real Estate Equities worth $128,217,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Norges Bank bought a new stake in Alexandria Real Estate Equities in the fourth quarter worth $2,077,684,000. Parnassus Investments CA bought a new stake in Alexandria Real Estate Equities in the first quarter worth $271,842,000. PGGM Investments lifted its stake in Alexandria Real Estate Equities by 67.3% in the first quarter. PGGM Investments now owns 3,857,335 shares of the real estate investment trust’s stock worth $633,760,000 after purchasing an additional 1,551,256 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Alexandria Real Estate Equities by 59.2% in the first quarter. JPMorgan Chase & Co. now owns 3,749,461 shares of the real estate investment trust’s stock worth $616,037,000 after purchasing an additional 1,394,905 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in Alexandria Real Estate Equities by 7.1% in the fourth quarter. BlackRock Inc. now owns 13,087,609 shares of the real estate investment trust’s stock worth $2,332,473,000 after purchasing an additional 869,729 shares during the last quarter. Institutional investors own 87.32% of the company’s stock.

Several analysts have weighed in on ARE shares. Royal Bank of Canada boosted their price target on shares of Alexandria Real Estate Equities from $195.00 to $202.00 and gave the stock an “outperform” rating in a research note on Monday, May 24th. Robert W. Baird reaffirmed a “buy” rating on shares of Alexandria Real Estate Equities in a research note on Monday, May 3rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Alexandria Real Estate Equities has an average rating of “Buy” and a consensus price target of $187.40.

Shares of NYSE:ARE traded down $1.01 during midday trading on Friday, hitting $192.75. 6,445 shares of the stock traded hands, compared to its average volume of 885,032. The stock has a market cap of $28.43 billion, a PE ratio of 33.70, a PEG ratio of 3.85 and a beta of 0.72. The stock’s 50 day simple moving average is $177.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.31 and a quick ratio of 0.31. Alexandria Real Estate Equities, Inc. has a one year low of $150.08 and a one year high of $193.99.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Sunday, April 25th. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $1.85 by ($1.81). Alexandria Real Estate Equities had a net margin of 39.49% and a return on equity of 5.90%. The firm had revenue of $479.85 million for the quarter, compared to the consensus estimate of $484.48 million. During the same period last year, the company posted $0.14 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. Sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 7.75 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 15th. Investors of record on Wednesday, June 30th will be paid a $1.12 dividend. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.09. This represents a $4.48 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Tuesday, June 29th. Alexandria Real Estate Equities’s dividend payout ratio is presently 59.73%.

In related news, Director Terezia C. Nemeth sold 1,000 shares of the stock in a transaction dated Monday, May 3rd. The shares were sold at an average price of $180.03, for a total value of $180,030.00. Following the completion of the transaction, the director now directly owns 23,281 shares of the company’s stock, valued at $4,191,278.43. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Joel S. Marcus sold 15,000 shares of the stock in a transaction dated Monday, May 3rd. The stock was sold at an average price of $180.33, for a total transaction of $2,704,950.00. Following the completion of the transaction, the chairman now directly owns 339,597 shares of the company’s stock, valued at $61,239,527.01. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,265 shares of company stock valued at $9,675,951. 1.12% of the stock is owned by insiders.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> urban office real estate investment trust ("REIT"), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet ("SF").

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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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