abrdn plc lifted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 6.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 308,522 shares of the real estate investment trust's stock after purchasing an additional 19,524 shares during the quarter. abrdn plc owned 0.18% of Alexandria Real Estate Equities worth $39,111,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in ARE. Mutual of America Capital Management LLC lifted its holdings in Alexandria Real Estate Equities by 24.7% in the 4th 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 in the last quarter. Whittier Trust Co. increased its position in shares of Alexandria Real Estate Equities by 36.0% during the 4th quarter. Whittier Trust Co. now owns 75,337 shares of the real estate investment trust's stock worth $9,550,000 after purchasing an additional 19,931 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Alexandria Real Estate Equities by 19.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 161,070 shares of the real estate investment trust's stock worth $20,419,000 after purchasing an additional 25,955 shares during the last quarter. Tobam grew its position in Alexandria Real Estate Equities by 87.3% in the 4th quarter. Tobam now owns 1,103 shares of the real estate investment trust's stock valued at $140,000 after acquiring an additional 514 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in Alexandria Real Estate Equities by 204.3% in the 4th quarter. SG Americas Securities LLC now owns 17,866 shares of the real estate investment trust's stock valued at $2,265,000 after acquiring an additional 11,994 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.
Alexandria Real Estate Equities Stock Performance
Shares of NYSE:ARE traded up $0.95 during trading on Tuesday, reaching $119.52. The company had a trading volume of 1,239,752 shares, compared to its average volume of 1,002,930. The firm has a market capitalization of $20.91 billion, a price-to-earnings ratio of 221.28, a price-to-earnings-growth ratio of 2.64 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 stock's fifty day moving average price is $122.82 and its 200 day moving average price is $116.82. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $90.73 and a fifty-two week high of $135.45.
Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share for the quarter, missing analysts' consensus estimates of $2.29 by ($2.83). Alexandria Real Estate Equities had a return on equity of 0.46% and a net margin of 3.59%. The business had revenue of $757.22 million for the quarter, compared to analyst estimates of $740.16 million. During the same period in the prior year, the company earned $2.14 EPS. The company's revenue was up 13.0% on a year-over-year basis. As a group, 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 company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $1.27 dividend. This represents a $5.08 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend was Wednesday, March 27th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is 940.76%.
Insider Buying and Selling at Alexandria Real Estate Equities
In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 3,200 shares of the company's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $122.90, for a total value of $393,280.00. Following the sale, 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 Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Chairman Joel S. Marcus sold 7,500 shares of the company's stock in a transaction on Monday, February 26th. The stock was 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 $51,080,658.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Peter M. Moglia sold 3,200 shares of the company's stock in a transaction on 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 disclosure for this sale can be found here. 1.15% of the stock is owned by corporate insiders.
Analyst Ratings Changes
ARE has been the subject of several recent research reports. Wedbush reiterated 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. Deutsche Bank Aktiengesellschaft assumed coverage on Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They set a "buy" rating and a $140.00 target price for the company. JMP Securities reiterated a "market outperform" rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. StockNews.com upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, March 21st. Finally, Mizuho boosted their price objective on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a "buy" rating in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $137.13.
Get Our Latest Stock Report on ARE
Alexandria Real Estate Equities 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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