Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Purchased by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC increased its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 11.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 390,479 shares of the real estate investment trust’s stock after purchasing an additional 40,378 shares during the period. Alexandria Real Estate Equities makes up 1.3% of Anchor Capital Advisors LLC’s portfolio, making the stock its 29th largest holding. Anchor Capital Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $49,501,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. HHM Wealth Advisors LLC lifted its holdings in shares of Alexandria Real Estate Equities by 340.9% during the fourth quarter. HHM Wealth Advisors LLC now owns 194 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 150 shares during the period. Oakworth Capital Inc. acquired a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth $25,000. Capital Advisors Ltd. LLC acquired a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth $25,000. GPS Wealth Strategies Group LLC acquired a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth $36,000. Finally, Parkside Financial Bank & Trust lifted its holdings in Alexandria Real Estate Equities by 61.7% in the third quarter. Parkside Financial Bank & Trust now owns 291 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 111 shares during the period. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE traded up $2.91 during midday trading on Monday, hitting $119.15. 700,185 shares of the stock were exchanged, compared to its average volume of 1,000,962. The stock has a market cap of $20.84 billion, a P/E ratio of 108.64, a PEG ratio of 2.66 and a beta of 1.05. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.54. Alexandria Real Estate Equities, Inc. has a twelve month low of $90.73 and a twelve month high of $135.45. The company has a 50 day moving average price of $122.98 and a 200-day moving average price of $117.33.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data 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 company had revenue of $757.22 million for the quarter, compared to analysts’ expectations of $740.16 million. Alexandria Real Estate Equities had a return on equity of 0.87% and a net margin of 6.65%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.14 EPS. On average, research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.46 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend was Wednesday, March 27th. Alexandria Real Estate Equities’s dividend payout ratio is presently 474.77%.

Wall Street Analyst Weigh In

A number of research firms have commented on ARE. Deutsche Bank Aktiengesellschaft began coverage on Alexandria Real Estate Equities in a report on Tuesday, January 30th. They issued a “buy” rating and a $140.00 target price for the company. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Evercore ISI reduced their target price on Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating for the company in a report on Thursday. Mizuho raised their target price on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $136.75.

Insider Buying and Selling

In related news, Chairman Joel S. Marcus sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, February 26th. The stock was 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 owns 429,538 shares in the company, valued at approximately $51,080,658.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Chairman Joel S. Marcus sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, February 26th. The stock was 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 owns 429,538 shares in the company, valued at approximately $51,080,658.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $393,280.00. Following the completion of the sale, 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. 1.15% of the stock is currently owned by company insiders.

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.