Kovitz Investment Group Partners LLC Grows Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Kovitz Investment Group Partners LLC boosted its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 56.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,107 shares of the real estate investment trust's stock after buying an additional 24,911 shares during the period. Kovitz Investment Group Partners LLC's holdings in Alexandria Real Estate Equities were worth $8,761,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its position in Alexandria Real Estate Equities by 29.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 376 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 85 shares during the period. Addison Advisors LLC boosted its holdings in Alexandria Real Estate Equities by 32.9% in the third 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 increased its position in Alexandria Real Estate Equities by 0.3% during the third 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 buying an additional 123 shares during the last quarter. Callan Capital LLC raised its holdings in Alexandria Real Estate Equities by 1.5% during the third quarter. Callan Capital LLC now owns 9,235 shares of the real estate investment trust's stock valued at $924,000 after buying an additional 138 shares in the last quarter. Finally, Wahed Invest LLC lifted its position in shares of Alexandria Real Estate Equities by 5.5% in the third quarter. Wahed Invest LLC now owns 2,695 shares of the real estate investment trust's stock worth $270,000 after buying an additional 141 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ARE has been the topic of a number of recent analyst reports. Wedbush reissued an "outperform" rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They issued a "buy" rating and a $140.00 price objective for the company. JMP Securities reiterated a "market outperform" rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. StockNews.com raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, March 21st. Finally, Evercore ISI lowered their price target on Alexandria Real Estate Equities from $137.00 to $132.00 and set an "outperform" rating on the stock in a research report on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $136.75.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE ARE traded up $1.05 during mid-day trading on Friday, hitting $121.59. The company had a trading volume of 551,685 shares, compared to its average volume of 809,797. Alexandria Real Estate Equities, Inc. has a 12 month low of $90.73 and a 12 month high of $135.45. The firm has a market cap of $21.26 billion, a P/E ratio of 113.64, a PEG ratio of 2.31 and a beta of 1.07. The business's 50-day simple moving average is $122.50 and its 200-day simple moving average is $118.55. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.30 and a quick ratio of 0.30.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared 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 4.18%. The ex-dividend date of this dividend was Wednesday, March 27th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 474.77%.

Insider Activity

In other news, CEO Peter M. Moglia sold 3,200 shares of Alexandria Real Estate Equities stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $122.90, for a total transaction of $393,280.00. Following the sale, the chief executive officer now directly owns 249,683 shares in the company, valued at approximately $30,686,040.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 directly owns 249,683 shares in the company, valued at $30,686,040.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, the chairman now directly owns 429,538 shares of the company's stock, valued at $51,080,658.96. The disclosure for this sale can be found here. Corporate insiders own 1.15% of the company's stock.

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.