Commerzbank Aktiengesellschaft FI grew its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 36.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 81,107 shares of the real estate investment trust’s stock after acquiring an additional 21,649 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Alexandria Real Estate Equities were worth $3,969,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of ARE. Farther Finance Advisors LLC lifted its holdings in shares of Alexandria Real Estate Equities by 18.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,228 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 188 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Alexandria Real Estate Equities by 0.9% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,443 shares of the real estate investment trust’s stock valued at $1,711,000 after acquiring an additional 198 shares during the period. UMB Bank n.a. increased its position in shares of Alexandria Real Estate Equities by 17.4% in the third quarter. UMB Bank n.a. now owns 1,385 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 205 shares during the period. Opinicus Capital Inc. increased its position in shares of Alexandria Real Estate Equities by 3.5% during the third quarter. Opinicus Capital Inc. now owns 6,502 shares of the real estate investment trust’s stock valued at $542,000 after buying an additional 222 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in Alexandria Real Estate Equities by 109.6% during the third quarter. CIBC Private Wealth Group LLC now owns 436 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 228 shares during the period. 96.54% of the stock is owned by institutional investors.
Alexandria Real Estate Equities Stock Down 2.7%
NYSE:ARE opened at $44.93 on Friday. The company’s 50 day moving average is $46.49 and its two-hundred day moving average is $50.72. The company has a market cap of $7.83 billion, a PE ratio of -7.17, a P/E/G ratio of 5.59 and a beta of 1.12. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.65. Alexandria Real Estate Equities, Inc. has a twelve month low of $39.41 and a twelve month high of $88.24.
Alexandria Real Estate Equities Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date was Tuesday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio is -45.93%.
Insider Buying and Selling
In related news, EVP Hallie E. Kuhn sold 536 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $48.20, for a total transaction of $25,835.20. Following the completion of the sale, the executive vice president directly owned 48,301 shares in the company, valued at approximately $2,328,108.20. This trade represents a 1.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Joel S. Marcus bought 7,500 shares of the stock in a transaction on Tuesday, May 5th. The shares were bought at an average cost of $42.72 per share, with a total value of $320,400.00. Following the purchase, the chairman owned 587,724 shares of the company’s stock, valued at $25,107,569.28. This trade represents a 1.29% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.35% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the stock. Evercore set a $55.00 price target on shares of Alexandria Real Estate Equities in a report on Monday, May 4th. Zacks Research upgraded shares of Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. JPMorgan Chase & Co. decreased their price objective on shares of Alexandria Real Estate Equities from $63.00 to $57.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 10th. BNP Paribas Exane decreased their price objective on shares of Alexandria Real Estate Equities from $50.00 to $44.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 28th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $52.00 target price (down from $65.00) on shares of Alexandria Real Estate Equities in a research note on Wednesday, March 25th. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $51.92.
Read Our Latest Analysis on Alexandria Real Estate Equities
Alexandria Real Estate Equities Company Profile
Alexandria Real Estate Equities, Inc (NYSE: ARE) is a real estate investment trust specializing in the ownership, development and management of collaborative life science and technology campuses. The company’s properties are designed to support research and innovation by providing specialized laboratory, office and manufacturing space tailored to biotechnology, pharmaceutical, academic and related industries.
Since its founding in 1994, Alexandria has cultivated a diversified portfolio of campuses across leading innovation clusters in North America and Europe.
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