Mirae Asset Global Investments Co. Ltd. Makes New $1.97 Million Investment in Alexandria Real Estate Equities, Inc. $ARE

Mirae Asset Global Investments Co. Ltd. purchased a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the third quarter, Holdings Channel.com reports. The firm purchased 41,480 shares of the real estate investment trust’s stock, valued at approximately $1,969,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. OMERS ADMINISTRATION Corp lifted its stake in Alexandria Real Estate Equities by 4.3% during the first quarter. OMERS ADMINISTRATION Corp now owns 6,149 shares of the real estate investment trust’s stock valued at $285,000 after buying an additional 252 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Alexandria Real Estate Equities by 0.7% in the second quarter. Arizona State Retirement System now owns 42,994 shares of the real estate investment trust’s stock worth $2,272,000 after buying an additional 286 shares during the period. Tema ETFs LLC boosted its holdings in shares of Alexandria Real Estate Equities by 10.5% in the second quarter. Tema ETFs LLC now owns 3,060 shares of the real estate investment trust’s stock worth $162,000 after buying an additional 290 shares during the period. Mather Group LLC. boosted its holdings in shares of Alexandria Real Estate Equities by 30.1% in the third quarter. Mather Group LLC. now owns 1,408 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 326 shares during the period. Finally, TD Waterhouse Canada Inc. increased its position in shares of Alexandria Real Estate Equities by 4.3% in the third quarter. TD Waterhouse Canada Inc. now owns 8,040 shares of the real estate investment trust’s stock worth $382,000 after acquiring an additional 330 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Kristina Fukuzaki-Carlson sold 16,810 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $50.51, for a total value of $849,073.10. Following the sale, the executive vice president directly owned 39,152 shares of the company’s stock, valued at approximately $1,977,567.52. This trade represents a 30.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Andres Gavinet sold 10,000 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $50.93, for a total value of $509,300.00. Following the completion of the transaction, the chief accounting officer owned 102,516 shares in the company, valued at $5,221,139.88. The trade was a 8.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Zacks Research upgraded shares of Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 19th. BMO Capital Markets decreased their price objective on shares of Alexandria Real Estate Equities from $52.00 to $48.00 and set a “market perform” rating for the company in a research note on Monday, September 28th. BNP Paribas Exane lowered their price objective on shares of Alexandria Real Estate Equities from $40.00 to $37.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 28th. Finally, Royal Bank Of Canada cut their target price on shares of Alexandria Real Estate Equities from $51.00 to $47.00 and set a “sector perform” rating on the stock in a research note on Tuesday, November 3rd. Two research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $49.79.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $44.77 on Friday. The firm has a market cap of $7.80 billion, a P/E ratio of -5.32 and a beta of 1.17. The stock’s 50-day moving average is $47.20 and its two-hundred day moving average is $49.38. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.14 and a quick ratio of 0.14. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $38.34 and a fifty-two week high of $59.76.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, October 26th. The real estate investment trust reported ($3.74) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($3.71). The company had revenue of $671.18 million during the quarter, compared to analyst estimates of $646.26 million. Alexandria Real Estate Equities had a negative return on equity of 7.52% and a negative net margin of 51.81%. Alexandria Real Estate Equities’s quarterly revenue was down 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.22 EPS. Analysts predict that Alexandria Real Estate Equities, Inc. will post 6.39 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 6.4%. The ex-dividend date was Wednesday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is -34.20%.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc is a real estate investment trust specializing in life science, technology and other knowledge-based industries. Founded in 1994, the company develops, owns and operates collaborative campuses that bring together companies, researchers and institutions.

Its properties include laboratory, office and manufacturing space, as well as related facilities and amenities designed to support research and innovation. Alexandria also makes strategic investments in companies in the life science and technology sectors through its venture investment platform.

The company serves major U.S.