GSA Capital Partners LLP purchased a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) during the 4th quarter, HoldingsChannel reports. The firm purchased 19,272 shares of the real estate investment trust’s stock, valued at approximately $943,000.
Other hedge funds have also made changes to their positions in the company. Avalon Trust Co bought a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter worth approximately $29,000. Cornerstone Planning Group LLC lifted its holdings in shares of Alexandria Real Estate Equities by 5,916.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 361 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 355 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter worth approximately $30,000. BOKF NA lifted its holdings in shares of Alexandria Real Estate Equities by 6,033.3% in the 3rd quarter. BOKF NA now owns 368 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 362 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter worth approximately $33,000. Institutional investors own 96.54% of the company’s stock.
Alexandria Real Estate Equities Stock Up 1.1%
Shares of ARE stock opened at $48.36 on Friday. Alexandria Real Estate Equities, Inc. has a 1 year low of $39.41 and a 1 year high of $88.24. The stock has a market cap of $8.43 billion, a PE ratio of -7.71, a price-to-earnings-growth ratio of 5.79 and a beta of 1.12. The business’s fifty day moving average is $46.12 and its 200-day moving average is $50.17. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.20 and a current ratio of 0.20.
Alexandria Real Estate Equities Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.72 per share. The ex-dividend date was Tuesday, March 31st. This represents a $2.88 annualized dividend and a dividend yield of 6.0%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is -45.93%.
Analyst Ratings Changes
Several brokerages recently issued reports on ARE. Deutsche Bank Aktiengesellschaft raised their price target on Alexandria Real Estate Equities from $53.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. Robert W. Baird reissued a “neutral” rating and issued a $46.00 price target (down from $67.00) on shares of Alexandria Real Estate Equities in a report on Monday, May 4th. Wall Street Zen raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Zacks Research raised Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a report on Thursday, January 29th. Finally, Citigroup restated an “outperform” rating on shares of Alexandria Real Estate Equities in a research report on Monday, May 4th. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $51.31.
Check Out Our Latest Stock Analysis on ARE
Insider Activity
In other news, Chairman Joel S. Marcus purchased 7,500 shares of the stock in a transaction dated Tuesday, May 5th. The shares were bought at an average cost of $42.72 per share, for a total transaction of $320,400.00. Following the transaction, the chairman owned 587,724 shares in the company, valued at $25,107,569.28. This trade represents a 1.29% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Hallie E. Kuhn sold 536 shares of Alexandria Real Estate Equities stock in a transaction on Friday, April 17th. The shares were sold at an average price of $48.20, for a total value of $25,835.20. Following the transaction, the executive vice president 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.35% of the stock is owned by insiders.
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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