OVERSEA CHINESE BANKING Corp Ltd Makes New Investment in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 51,318 shares of the real estate investment trust's stock, valued at approximately $6,506,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mutual of America Capital Management LLC grew its holdings in shares of Alexandria Real Estate Equities by 24.7% during the fourth quarter. Mutual of America Capital Management LLC now owns 43,196 shares of the real estate investment trust's stock valued at $5,476,000 after purchasing an additional 8,555 shares during the last quarter. Whittier Trust Co. grew its holdings in shares of Alexandria Real Estate Equities by 36.0% during the fourth quarter. Whittier Trust Co. now owns 75,337 shares of the real estate investment trust's stock valued at $9,550,000 after purchasing an additional 19,931 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Alexandria Real Estate Equities by 19.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 161,070 shares of the real estate investment trust's stock worth $20,419,000 after buying an additional 25,955 shares during the period. Tobam boosted its position in shares of Alexandria Real Estate Equities by 87.3% during the fourth quarter. Tobam now owns 1,103 shares of the real estate investment trust's stock worth $140,000 after buying an additional 514 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of Alexandria Real Estate Equities by 204.3% during the fourth quarter. SG Americas Securities LLC now owns 17,866 shares of the real estate investment trust's stock worth $2,265,000 after buying an additional 11,994 shares during the period. 96.54% of the stock is owned by institutional investors.

Insider Activity at Alexandria Real Estate Equities

In related news, CEO Peter M. Moglia sold 3,200 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $122.90, for a total value 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 filing with the SEC, which can be accessed through this link. In related news, Chairman Joel S. Marcus sold 7,500 shares of the 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 completion of the transaction, the chairman now owns 429,538 shares of the company's stock, valued at $51,080,658.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Peter M. Moglia sold 3,200 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly 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. 1.15% of the stock is owned by corporate insiders.

Alexandria Real Estate Equities Stock Down 0.7 %

NYSE:ARE traded down $0.82 during trading hours on Friday, reaching $115.69. The company's stock had a trading volume of 951,586 shares, compared to its average volume of 736,603. The company has a market cap of $20.24 billion, a price-to-earnings ratio of 214.24, a price-to-earnings-growth ratio of 2.66 and a beta of 1.05. Alexandria Real Estate Equities, Inc. has a one year low of $90.73 and a one year high of $135.45. The business's 50-day moving average is $122.81 and its 200-day moving average is $116.54. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.26 and a quick ratio of 0.26.

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

Alexandria Real Estate Equities Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend was Wednesday, March 27th. Alexandria Real Estate Equities's payout ratio is presently 940.76%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ARE. Wedbush reiterated an "outperform" rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Mizuho upped their target price on 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. Deutsche Bank Aktiengesellschaft began 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 for the company. JMP Securities restated a "market outperform" rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Finally, StockNews.com upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research 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 stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $137.13.

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.