Zurcher Kantonalbank Zurich Cantonalbank Buys 25,955 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 19.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 161,070 shares of the real estate investment trust’s stock after purchasing an additional 25,955 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.09% of Alexandria Real Estate Equities worth $20,419,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Resurgent Financial Advisors LLC purchased a new position in shares of Alexandria Real Estate Equities in the fourth quarter worth about $38,000. GPS Wealth Strategies Group LLC purchased a new position in shares of Alexandria Real Estate Equities in the fourth quarter worth about $36,000. Parkside Financial Bank & Trust increased its stake in shares of Alexandria Real Estate Equities by 61.7% in the third quarter. Parkside Financial Bank & Trust now owns 291 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 111 shares in the last quarter. Clear Street Markets LLC increased its stake in shares of Alexandria Real Estate Equities by 104.6% in the first quarter. Clear Street Markets LLC now owns 309 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 158 shares in the last quarter. Finally, Ronald Blue Trust Inc. increased its stake in shares of Alexandria Real Estate Equities by 142.5% in the third quarter. Ronald Blue Trust Inc. now owns 325 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 191 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Down 0.5 %

Shares of Alexandria Real Estate Equities stock opened at $116.45 on Thursday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50. The company’s fifty day simple moving average is $122.84 and its two-hundred day simple moving average is $116.29. The company has a market cap of $20.37 billion, a P/E ratio of 215.65, a PEG ratio of 2.72 and a beta of 1.05. Alexandria Real Estate Equities, Inc. has a 12-month low of $90.73 and a 12-month high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($2.83). The business had revenue of $757.22 million for the quarter, compared to the consensus estimate of $740.16 million. Alexandria Real Estate Equities had a net margin of 3.59% and a return on equity of 0.46%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.14 EPS. Research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend was Wednesday, March 27th. Alexandria Real Estate Equities’s payout ratio is 940.76%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wedbush reiterated an “outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft began coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday, January 30th. They issued a “buy” rating and a $140.00 price objective for the company. JMP Securities restated a “market outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Mizuho lifted their target price on shares of 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. 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.13.

Insider Buying and Selling

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

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.