Intact Investment Management Inc. Acquires 13,200 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Intact Investment Management Inc. lifted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 66.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,200 shares of the real estate investment trust's stock after acquiring an additional 13,200 shares during the period. Intact Investment Management Inc.'s holdings in Alexandria Real Estate Equities were worth $4,209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Parkside Financial Bank & Trust raised its holdings in shares of Alexandria Real Estate Equities by 29.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 376 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 85 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Alexandria Real Estate Equities by 5.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,138 shares of the real estate investment trust's stock worth $214,000 after purchasing an additional 102 shares in the last quarter. Addison Advisors LLC raised its holdings in shares of Alexandria Real Estate Equities by 32.9% in the 3rd quarter. Addison Advisors LLC now owns 465 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 115 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Alexandria Real Estate Equities by 0.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,119 shares of the real estate investment trust's stock worth $4,617,000 after purchasing an additional 123 shares in the last quarter. Finally, Callan Capital LLC raised its holdings in shares of Alexandria Real Estate Equities by 1.5% in the 3rd quarter. Callan Capital LLC now owns 9,235 shares of the real estate investment trust's stock worth $924,000 after purchasing an additional 138 shares in the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Chairman Joel S. Marcus sold 7,500 shares of the company's stock in a transaction on Monday, February 26th. The shares were sold at an average price of $118.92, for a total transaction of $891,900.00. Following the completion of the sale, the chairman now directly owns 429,538 shares of the company's stock, valued at approximately $51,080,658.96. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, 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 transaction of $393,280.00. Following the completion of the transaction, the chief executive officer now directly owns 249,683 shares in the company, valued at approximately $30,686,040.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Joel S. Marcus sold 7,500 shares of the company's stock in a transaction on Monday, February 26th. The shares were sold at an average price of $118.92, for a total transaction of $891,900.00. Following the transaction, the chairman now owns 429,538 shares of the company's stock, valued at $51,080,658.96. The disclosure for this sale can be found here. 1.15% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ARE. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Alexandria Real Estate Equities in a report on Tuesday, January 30th. They issued a "buy" rating and a $140.00 target price on the stock. Mizuho boosted their price target on shares of Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a "buy" rating in a report on Wednesday, January 3rd. Wedbush restated an "outperform" rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday. JMP Securities restated a "market outperform" rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Finally, StockNews.com upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $136.75.

Alexandria Real Estate Equities Stock Down 0.9 %

ARE traded down $1.06 on Friday, reaching $116.24. 888,255 shares of the company traded hands, compared to its average volume of 756,042. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.30 and a quick ratio of 0.26. The company has a market cap of $20.33 billion, a price-to-earnings ratio of 108.64, a PEG ratio of 2.66 and a beta of 1.05. Alexandria Real Estate Equities, Inc. has a 52-week low of $90.73 and a 52-week high of $135.45. The stock's 50 day moving average price is $122.98 and its 200-day moving average price is $117.33.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS for the quarter, missing the consensus estimate of $2.29 by ($2.83). The business had revenue of $757.22 million during the quarter, compared to the consensus estimate of $740.16 million. Alexandria Real Estate Equities had a return on equity of 0.87% and a net margin of 6.65%. The business's revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.14 earnings per share. On average, sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.46 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $1.27 dividend. This represents a $5.08 annualized dividend and a yield of 4.37%. The ex-dividend date was Wednesday, March 27th. Alexandria Real Estate Equities's dividend payout ratio is 474.77%.

Alexandria Real Estate Equities 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.