Ceredex Value Advisors LLC acquired a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 185,900 shares of the real estate investment trust’s stock, valued at approximately $9,825,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its holdings in shares of Alexandria Real Estate Equities by 18.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,228 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 188 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Alexandria Real Estate Equities by 0.9% during 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 purchasing an additional 198 shares in the last quarter. New Mexico Educational Retirement Board boosted its position in shares of Alexandria Real Estate Equities by 2.9% during the fourth quarter. New Mexico Educational Retirement Board now owns 7,200 shares of the real estate investment trust’s stock valued at $352,000 after buying an additional 200 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of 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 last quarter. Finally, Quarry LP increased its holdings in Alexandria Real Estate Equities by 33.9% in the 4th quarter. Quarry LP now owns 991 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 251 shares in the last quarter. 96.54% of the stock is owned by institutional investors.
Alexandria Real Estate Equities Stock Performance
NYSE:ARE opened at $53.42 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.19 and a current ratio of 0.19. The stock has a 50-day simple moving average of $50.58 and a two-hundred day simple moving average of $49.63. The firm has a market capitalization of $9.31 billion, a PE ratio of -8.82 and a beta of 1.15. Alexandria Real Estate Equities, Inc. has a 52-week low of $39.41 and a 52-week high of $88.24.
Alexandria Real Estate Equities Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.72 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.88 dividend on an annualized basis and a yield of 5.4%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently -47.52%.
Analyst Ratings Changes
Several equities analysts have issued reports on ARE shares. Evercore restated an “outperform” rating and set a $57.00 target price on shares of Alexandria Real Estate Equities in a research note on Monday. Robert W. Baird reiterated a “neutral” rating and issued a $46.00 price target (down from $67.00) on shares of Alexandria Real Estate Equities in a research note on Monday, May 4th. Citigroup boosted their price objective on shares of Alexandria Real Estate Equities from $42.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Weiss Ratings restated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Friday, July 17th. Finally, Royal Bank Of Canada cut their price objective on Alexandria Real Estate Equities from $60.00 to $50.00 and set a “sector perform” rating for the company in a report on Tuesday, May 5th. Two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $52.38.
Read Our Latest Stock Analysis on Alexandria Real Estate Equities
Insider Activity at Alexandria Real Estate Equities
In other Alexandria Real Estate Equities news, CFO Marc E. Binda sold 2,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $54.00, for a total transaction of $108,000.00. Following the transaction, the chief financial officer owned 188,264 shares of the company’s stock, valued at $10,166,256. The trade was a 1.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Joel S. Marcus purchased 5,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was purchased at an average price of $46.28 per share, with a total value of $231,400.00. Following the completion of the transaction, the chairman owned 592,724 shares of the company’s stock, valued at approximately $27,431,266.72. This trade represents a 0.85% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.35% of the stock is owned by insiders.
Alexandria Real Estate Equities 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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