17,951 Shares in Alexandria Real Estate Equities, Inc. $ARE Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. purchased a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 17,951 shares of the real estate investment trust’s stock, valued at approximately $870,000.

Several other institutional investors have also recently made changes to their positions in ARE. Provenance Wealth Advisors LLC lifted its holdings in Alexandria Real Estate Equities by 1,876.9% in the third quarter. Provenance Wealth Advisors LLC now owns 1,028 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 976 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Alexandria Real Estate Equities in the third quarter worth approximately $1,969,000. ProShare Advisors LLC increased its stake in Alexandria Real Estate Equities by 2.4% during the third quarter. ProShare Advisors LLC now owns 30,791 shares of the real estate investment trust’s stock worth $1,461,000 after acquiring an additional 712 shares during the last quarter. Vise Technologies Inc. acquired a new stake in Alexandria Real Estate Equities during the third quarter worth $397,000. Finally, Americana Partners LLC acquired a new stake in Alexandria Real Estate Equities during the third quarter worth $1,385,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Insider Buying and Selling

In related news, EVP Kristina Fukuzaki-Carlson sold 16,810 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $50.51, for a total transaction of $849,073.10. Following the completion of the transaction, the executive vice president directly owned 39,152 shares in the company, valued at $1,977,567.52. This trade represents a 30.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Joel Marcus bought 5,000 shares of the company’s stock in a transaction on Friday, September 11th. The stock was purchased at an average cost of $49.68 per share, with a total value of $248,400.00. Following the completion of the transaction, the chairman owned 597,724 shares in the company, valued at $29,694,928.32. This represents a 0.84% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.35% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Citizens Jmp restated a “market perform” rating on shares of Alexandria Real Estate Equities in a research report on Monday, August 17th. Raymond James Financial set a $41.00 price objective on Alexandria Real Estate Equities in a research report on Monday, October 12th. Jefferies Financial Group reduced their price objective on shares of Alexandria Real Estate Equities from $47.00 to $46.00 and set a “hold” rating on the stock in a report on Thursday, September 24th. Cantor Fitzgerald dropped their price target on shares of Alexandria Real Estate Equities from $52.00 to $42.00 and set a “neutral” rating for the company in a research report on Wednesday, October 28th. Finally, Wall Street Zen cut shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of “Reduce” and a consensus price target of $49.79.

Alexandria Real Estate Equities Stock Down 0.9%

Shares of NYSE ARE opened at $44.77 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $47.20 and its two-hundred day moving average is $49.38. Alexandria Real Estate Equities, Inc. has a 52-week low of $38.34 and a 52-week high of $59.76. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of -5.32 and a beta of 1.17.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, October 26th. The real estate investment trust reported ($3.74) EPS for the quarter, missing the consensus estimate of ($0.03) by ($3.71). Alexandria Real Estate Equities had a negative return on equity of 7.52% and a negative net margin of 51.81%. The firm had revenue of $671.18 million for the quarter, compared to analysts’ expectations of $646.26 million. During the same quarter in the prior year, the business earned $2.22 earnings per share. The company’s quarterly revenue was down 10.7% on a year-over-year basis. Research analysts predict that Alexandria Real Estate Equities, Inc. will post 6.39 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 6.4%. The ex-dividend date was Wednesday, September 30th. Alexandria Real Estate Equities’s payout ratio is currently -34.20%.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc is a real estate investment trust specializing in life science, technology and other knowledge-based industries. Founded in 1994, the company develops, owns and operates collaborative campuses that bring together companies, researchers and institutions.

Its properties include laboratory, office and manufacturing space, as well as related facilities and amenities designed to support research and innovation. Alexandria also makes strategic investments in companies in the life science and technology sectors through its venture investment platform.

The company serves major U.S.