Charles Schwab Investment Management Inc. Grows Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Charles Schwab Investment Management Inc. boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,665,800 shares of the real estate investment trust’s stock after acquiring an additional 62,540 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Alexandria Real Estate Equities were worth $211,173,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Raymond James & Associates grew its stake in shares of Alexandria Real Estate Equities by 3.8% during the 3rd quarter. Raymond James & Associates now owns 63,703 shares of the real estate investment trust’s stock valued at $6,377,000 after purchasing an additional 2,322 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Alexandria Real Estate Equities by 4.2% in the third quarter. Mackenzie Financial Corp now owns 15,885 shares of the real estate investment trust’s stock worth $1,544,000 after buying an additional 638 shares during the last quarter. IFM Investors Pty Ltd grew its position in Alexandria Real Estate Equities by 2.1% during the third quarter. IFM Investors Pty Ltd now owns 33,611 shares of the real estate investment trust’s stock valued at $3,364,000 after buying an additional 686 shares during the period. Park Avenue Securities LLC purchased a new stake in Alexandria Real Estate Equities during the third quarter valued at approximately $223,000. Finally, CENTRAL TRUST Co bought a new position in Alexandria Real Estate Equities in the third quarter worth approximately $33,000. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Down 1.3 %

Shares of ARE opened at $118.10 on Thursday. The firm has a market cap of $20.65 billion, a P/E ratio of 110.37, a price-to-earnings-growth ratio of 2.32 and a beta of 1.07. 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, Inc. has a 1 year low of $90.73 and a 1 year high of $135.45. The company has a 50 day simple moving average of $122.70 and a two-hundred day simple moving average of $118.34.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $1.27 dividend. This represents a $5.08 annualized dividend and a yield of 4.30%. The ex-dividend date was Wednesday, March 27th. Alexandria Real Estate Equities’s payout ratio is currently 474.77%.

Analyst Upgrades and Downgrades

ARE has been the subject of a number of recent research reports. Wedbush reissued an “outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 24th. Evercore ISI reduced their price target on Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft initiated coverage on Alexandria Real Estate Equities in a research report on Tuesday, January 30th. They set a “buy” rating and a $140.00 price objective on the stock. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Finally, JMP Securities reaffirmed 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. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of “Moderate Buy” and an average target price of $136.75.

Insider Buying and Selling at Alexandria Real Estate Equities

In other 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 value of $891,900.00. Following the sale, the chairman now directly owns 429,538 shares of the company’s stock, valued at $51,080,658.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Peter M. Moglia sold 3,200 shares of the firm’s 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 sale, the chief executive officer now directly owns 249,683 shares of the company’s stock, valued at $30,686,040.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Joel S. Marcus sold 7,500 shares of the business’s stock in a transaction that occurred 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 completion of 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. Insiders own 1.15% of the company’s stock.

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.