Personal CFO Solutions LLC bought a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) in the first quarter, HoldingsChannel reports. The institutional investor bought 12,634 shares of the real estate investment trust’s stock, valued at approximately $596,000.
Other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its stake in shares of Alexandria Real Estate Equities by 18.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,228 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 188 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Alexandria Real Estate Equities by 0.9% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,443 shares of the real estate investment trust’s stock valued at $1,711,000 after purchasing an additional 198 shares during the period. New Mexico Educational Retirement Board boosted its holdings in Alexandria Real Estate Equities by 2.9% during the fourth quarter. New Mexico Educational Retirement Board now owns 7,200 shares of the real estate investment trust’s stock worth $352,000 after buying an additional 200 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in Alexandria Real Estate Equities by 109.6% during the third quarter. CIBC Private Wealth Group LLC now owns 436 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 228 shares in the last quarter. Finally, Quarry LP boosted its holdings in Alexandria Real Estate Equities by 33.9% during the fourth quarter. Quarry LP now owns 991 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 251 shares in the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.
Alexandria Real Estate Equities Stock Performance
Shares of ARE opened at $48.56 on Friday. Alexandria Real Estate Equities, Inc. has a 1 year low of $39.41 and a 1 year high of $88.24. The company’s 50 day simple moving average is $49.52 and its 200 day simple moving average is $50.34. The company has a market capitalization of $8.46 billion, a price-to-earnings ratio of -7.74, a PEG ratio of 5.85 and a beta of 1.17. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.20 and a current ratio of 0.20.
Alexandria Real Estate Equities Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.72 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.9%. Alexandria Real Estate Equities’s payout ratio is currently -45.93%.
Insiders Place Their Bets
In related news, EVP Hallie E. Kuhn sold 536 shares of the company’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $48.20, for a total value of $25,835.20. Following the completion of the transaction, the executive vice president directly owned 48,301 shares in the company, valued at approximately $2,328,108.20. This represents a 1.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Marc E. Binda sold 2,000 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $54.00, for a total value of $108,000.00. Following the transaction, the chief financial officer owned 188,264 shares in the company, valued at $10,166,256. This trade represents a 1.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.35% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
ARE has been the subject of a number of research analyst reports. Evercore increased their target price on shares of Alexandria Real Estate Equities from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Monday, April 20th. Robert W. Baird restated a “neutral” rating and issued a $46.00 price target (down from $67.00) on shares of Alexandria Real Estate Equities in a report on Monday, May 4th. Citigroup reaffirmed an “outperform” rating on shares of Alexandria Real Estate Equities in a research note on Monday, May 4th. Finally, Royal Bank Of Canada reduced their price objective on Alexandria Real Estate Equities from $60.00 to $50.00 and set a “sector perform” rating for the company in a report on Tuesday, May 5th. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.08.
Check Out Our Latest Report on ARE
Alexandria Real Estate Equities Company Profile
Alexandria Real Estate Equities, Inc (NYSE: ARE) is a real estate investment trust specializing in the ownership, development and management of collaborative life science and technology campuses. The company’s properties are designed to support research and innovation by providing specialized laboratory, office and manufacturing space tailored to biotechnology, pharmaceutical, academic and related industries.
Since its founding in 1994, Alexandria has cultivated a diversified portfolio of campuses across leading innovation clusters in North America and Europe.
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