Nisa Investment Advisors LLC Purchases 12,480 Shares of Alexandria Real Estate Equities, Inc. $ARE

Nisa Investment Advisors LLC lifted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 144.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,121 shares of the real estate investment trust’s stock after buying an additional 12,480 shares during the period. Nisa Investment Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $1,002,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Alexandria Real Estate Equities in the second quarter worth approximately $1,146,423,000. Bank of New York Mellon Corp bought a new position in Alexandria Real Estate Equities during the second quarter valued at approximately $79,253,000. Legal & General Group Plc purchased a new position in shares of Alexandria Real Estate Equities during the second quarter worth approximately $76,647,000. Hsbc Holdings PLC bought a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter worth approximately $64,485,000. Finally, Bank of America Corp DE bought a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter worth approximately $61,516,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alexandria Real Estate Equities

In other news, Chairman Joel S. Marcus purchased 5,000 shares of the business’s stock in a transaction on Friday, September 11th. The shares were acquired at an average price of $49.68 per share, with a total value of $248,400.00. Following the acquisition, the chairman directly owned 597,724 shares in the company, valued at approximately $29,694,928.32. The trade was a 0.84% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Andres Gavinet sold 10,000 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $50.93, for a total transaction of $509,300.00. Following the completion of the transaction, the chief accounting officer owned 102,516 shares in the company, valued at $5,221,139.88. The trade was a 8.89% decrease in their position. The SEC filing for this sale provides additional information. 1.35% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ARE. Mizuho cut their price objective on shares of Alexandria Real Estate Equities from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, July 6th. Royal Bank Of Canada set a $41.00 target price on shares of Alexandria Real Estate Equities in a research report on Monday, October 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Thursday, October 15th. Zacks Research upgraded shares of Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 19th. Finally, The Goldman Sachs Group raised their price objective on Alexandria Real Estate Equities from $54.00 to $59.00 and gave the company a “neutral” rating in a research note on Friday, September 18th. Two investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $50.86.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $43.29 on Tuesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.19 and a current ratio of 0.19. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $39.41 and a fifty-two week high of $78.00. The stock has a 50 day moving average price of $48.90 and a two-hundred day moving average price of $50.01. The company has a market capitalization of $7.54 billion, a P/E ratio of -7.14 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, October 26th. The real estate investment trust reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $1.57. Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.08%. The firm had revenue of $671.18 million during the quarter, compared to analyst estimates of $646.26 million. During the same quarter in the prior year, the firm posted $2.22 earnings per share. The business’s quarterly revenue was down 10.7% compared to the same quarter last year. Analysts expect that Alexandria Real Estate Equities, Inc. will post 6.39 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.88 annualized dividend and a yield of 6.7%. Alexandria Real Estate Equities’s dividend payout ratio is presently -47.52%.

Key Stories Impacting Alexandria Real Estate Equities

Here are the key news stories impacting Alexandria Real Estate Equities this week:

• Positive Sentiment: Third-quarter adjusted FFO was $1.54 per share, ahead of the $1.52–$1.53 analyst consensus and above the company’s expectations. Revenue of $671.2 million also exceeded the approximately $646.3 million consensus estimate, providing support for ARE shares. Adjusted FFO earnings flash
• Positive Sentiment: Management narrowed its full-year guidance range, which may reduce uncertainty around the company’s outlook and contributed to the generally constructive initial reaction. Alexandria Real Estate Q3 earnings and guidance
• Positive Sentiment: Zacks upgraded Alexandria Real Estate Equities to a Zacks Rank #2 (Buy), citing improving optimism about its earnings prospects. Zacks Buy upgrade

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE) is a real estate investment trust that owns, operates and develops collaborative life science, agtech and advanced technology campuses. Its properties are designed for companies, research institutions and government agencies engaged in biotechnology, pharmaceuticals, medical devices, agriculture technology and related fields.

The company provides laboratory, office and research space, along with supporting amenities and infrastructure intended to foster collaboration among its tenants.