Intact Investment Management Inc. Has $4.21 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Intact Investment Management Inc. increased its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 66.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,200 shares of the real estate investment trust’s stock after buying an additional 13,200 shares during the quarter. Intact Investment Management Inc.’s holdings in Alexandria Real Estate Equities were worth $4,209,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Oakworth Capital Inc. acquired a new stake in Alexandria Real Estate Equities during the 4th quarter worth approximately $25,000. Capital Advisors Ltd. LLC acquired a new position in Alexandria Real Estate Equities in the 4th quarter valued at $25,000. GPS Wealth Strategies Group LLC acquired a new position in Alexandria Real Estate Equities in the 4th quarter valued at $36,000. Parkside Financial Bank & Trust raised its holdings in Alexandria Real Estate Equities by 61.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 291 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 111 shares in the last quarter. Finally, CENTRAL TRUST Co acquired a new position in Alexandria Real Estate Equities in the 3rd quarter valued at $33,000. 96.54% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Chairman Joel S. Marcus sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $118.92, for a total value of $891,900.00. Following the completion of the transaction, the chairman now owns 429,538 shares of the company’s stock, valued at approximately $51,080,658.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Chairman Joel S. Marcus sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $118.92, for a total value of $891,900.00. Following the completion of the transaction, the chairman now owns 429,538 shares of the company’s stock, valued at approximately $51,080,658.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Peter M. Moglia sold 3,200 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $122.90, for a total value of $393,280.00. Following the completion of the transaction, the chief executive officer now directly owns 249,683 shares of the company’s stock, valued at approximately $30,686,040.70. The disclosure for this sale can be found here. Company insiders own 1.15% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Evercore ISI decreased their price target on Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating on the stock in a research note on Thursday. Mizuho increased their price target on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft started coverage on shares of Alexandria Real Estate Equities in a report on Tuesday, January 30th. They set a “buy” rating and a $140.00 price objective on the stock. JMP Securities reiterated a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Finally, StockNews.com upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $136.75.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE traded down $1.06 on Friday, reaching $116.24. 888,255 shares of the company’s stock were exchanged, compared to its average volume of 756,042. The stock has a fifty day simple moving average of $122.98 and a 200-day simple moving average of $117.22. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.30 and a quick ratio of 0.26. Alexandria Real Estate Equities, Inc. has a 52 week low of $90.73 and a 52 week high of $135.45. The firm has a market cap of $20.33 billion, a price-to-earnings ratio of 108.64, a P/E/G ratio of 2.66 and a beta of 1.05.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS for the quarter, missing the consensus estimate of $2.29 by ($2.83). Alexandria Real Estate Equities had a return on equity of 0.87% and a net margin of 6.65%. The business had revenue of $757.22 million for the quarter, compared to analysts’ expectations of $740.16 million. During the same period last year, the business posted $2.14 earnings per share. The company’s revenue was up 13.0% compared to the same quarter last year. As a group, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.46 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend was Wednesday, March 27th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 474.77%.

Alexandria Real Estate Equities Company Profile

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 our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.