Clearbridge Investments LLC Grows Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Clearbridge Investments LLC grew its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 19.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 423,415 shares of the real estate investment trust’s stock after purchasing an additional 70,205 shares during the period. Clearbridge Investments LLC owned about 0.24% of Alexandria Real Estate Equities worth $53,676,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Coldstream Capital Management Inc. purchased a new position in shares of Alexandria Real Estate Equities during the 4th quarter valued at approximately $264,000. PNC Financial Services Group Inc. lifted its holdings in Alexandria Real Estate Equities by 21.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,243 shares of the real estate investment trust’s stock valued at $1,425,000 after purchasing an additional 1,981 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Alexandria Real Estate Equities by 300.3% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 35,165 shares of the real estate investment trust’s stock valued at $4,458,000 after purchasing an additional 26,381 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Alexandria Real Estate Equities in the 4th quarter worth $491,000. Finally, Norges Bank acquired a new stake in shares of Alexandria Real Estate Equities in the 4th quarter worth $2,086,085,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ARE. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. JMP Securities reaffirmed a “market 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 initiated coverage on Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They issued a “buy” rating and a $140.00 target price for the company. Evercore ISI cut their price objective on Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Finally, Wedbush reissued an “outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $136.75.

Alexandria Real Estate Equities Price Performance

ARE stock opened at $122.78 on Thursday. The business has a 50 day moving average price of $122.20 and a 200 day moving average price of $120.32. The stock has a market cap of $21.47 billion, a price-to-earnings ratio of 114.75, a PEG ratio of 3.09 and a beta of 1.07. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $90.73 and a fifty-two week high of $135.45. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.54.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend was Wednesday, March 27th. Alexandria Real Estate Equities’s payout ratio is 474.77%.

Alexandria Real Estate Equities 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.