Geneos Wealth Management Inc. cut its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 21.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,645 shares of the real estate investment trust's stock after selling 8,329 shares during the quarter. Geneos Wealth Management Inc.'s holdings in Alexandria Real Estate Equities were worth $3,885,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its position in Alexandria Real Estate Equities by 2.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,083 shares of the real estate investment trust's stock valued at $449,000 after purchasing an additional 70 shares during the period. Seaport Global Advisors LLC lifted its holdings in shares of Alexandria Real Estate Equities by 7.5% during the 4th quarter. Seaport Global Advisors LLC now owns 1,047 shares of the real estate investment trust's stock valued at $153,000 after buying an additional 73 shares during the period. Cetera Advisor Networks LLC boosted its stake in shares of Alexandria Real Estate Equities by 7.3% in the 1st quarter. Cetera Advisor Networks LLC now owns 1,086 shares of the real estate investment trust's stock worth $219,000 after buying an additional 74 shares during the last quarter. BOKF NA grew its holdings in shares of Alexandria Real Estate Equities by 4.6% in the fourth quarter. BOKF NA now owns 1,758 shares of the real estate investment trust's stock worth $256,000 after acquiring an additional 77 shares during the period. Finally, Cetera Investment Advisers grew its holdings in shares of Alexandria Real Estate Equities by 1.7% in the fourth quarter. Cetera Investment Advisers now owns 5,460 shares of the real estate investment trust's stock worth $795,000 after acquiring an additional 92 shares during the period. 96.54% of the stock is currently owned by hedge funds and other institutional investors.
Alexandria Real Estate Equities Price Performance
Shares of ARE stock traded down $6.84 on Wednesday, hitting $122.76. 689,802 shares of the stock traded hands, compared to its average volume of 1,024,067. The firm has a market cap of $21.48 billion, a price-to-earnings ratio of 228.48, a PEG ratio of 2.90 and a beta of 1.05. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.26 and a quick ratio of 0.26. The firm has a 50 day simple moving average of $122.78 and a two-hundred day simple moving average of $115.53. Alexandria Real Estate Equities, Inc. has a 52 week low of $90.73 and a 52 week high of $135.45.
Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly 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%. Alexandria Real Estate Equities's revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.14 earnings per share. As a group, equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.
Alexandria Real Estate Equities Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date is Wednesday, March 27th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently 940.74%.
Insider Activity
In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction 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 sale, the chairman now directly owns 429,538 shares in the company, valued at approximately $51,080,658.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Chairman Joel S. Marcus sold 7,500 shares of the business's stock in a transaction 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 sale, the chairman now owns 429,538 shares in the company, valued at $51,080,658.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Peter M. Moglia sold 3,200 shares of the stock in a transaction on 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 of the company's stock, valued at approximately $30,686,040.70. The disclosure for this sale can be found here. Company insiders own 0.96% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft started coverage on Alexandria Real Estate Equities in a research report on Tuesday, January 30th. They issued a "buy" rating and a $140.00 target price on the stock. JMP Securities restated a "market outperform" rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Mizuho increased their price target on shares of Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a "buy" rating in a research report on Wednesday, January 3rd. StockNews.com upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, March 21st. Finally, Wedbush restated an "outperform" rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $137.13.
Read Our Latest Report on ARE
Alexandria Real Estate Equities Company Profile
(
Free Report)
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.
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