Clean Yield Group Boosts Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Clean Yield Group grew its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 190.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 930 shares of the real estate investment trust’s stock after acquiring an additional 610 shares during the period. Clean Yield Group’s holdings in Alexandria Real Estate Equities were worth $118,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Alexandria Real Estate Equities by 8.5% during the 1st quarter. BlackRock Inc. now owns 17,138,718 shares of the real estate investment trust’s stock worth $2,152,452,000 after acquiring an additional 1,338,634 shares during the period. Norges Bank purchased a new position in shares of Alexandria Real Estate Equities during the 4th quarter worth approximately $2,277,135,000. State Street Corp grew its holdings in shares of Alexandria Real Estate Equities by 4.2% during the 1st quarter. State Street Corp now owns 10,640,279 shares of the real estate investment trust’s stock worth $1,348,934,000 after acquiring an additional 424,932 shares during the period. Geode Capital Management LLC grew its holdings in shares of Alexandria Real Estate Equities by 7.3% during the 1st quarter. Geode Capital Management LLC now owns 3,604,252 shares of the real estate investment trust’s stock worth $451,738,000 after acquiring an additional 245,322 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of Alexandria Real Estate Equities by 7.9% during the 3rd quarter. Invesco Ltd. now owns 2,654,089 shares of the real estate investment trust’s stock worth $265,674,000 after acquiring an additional 194,651 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Insider Activity

In other news, CEO Peter M. Moglia sold 3,200 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $122.90, for a total transaction of $393,280.00. Following the transaction, the chief executive officer now directly owns 249,683 shares of the company’s stock, valued at approximately $30,686,040.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Peter M. Moglia sold 3,200 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $122.90, for a total transaction of $393,280.00. Following the transaction, the chief executive officer now directly owns 249,683 shares of the company’s stock, valued at approximately $30,686,040.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Joel S. Marcus sold 7,500 shares of the stock in a transaction 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 transaction, the chairman now directly owns 429,538 shares in the company, valued at $51,080,658.96. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Wedbush reiterated an “outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Mizuho upped their price target on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. JMP Securities restated a “market outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Finally, Deutsche Bank Aktiengesellschaft began coverage on Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They issued a “buy” rating and a $140.00 price target on the stock. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $137.13.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $124.63 on Friday. The business’s fifty day simple moving average is $122.59 and its two-hundred day simple moving average is $115.04. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50. Alexandria Real Estate Equities, Inc. has a 12 month low of $90.73 and a 12 month high of $135.45. The company has a market cap of $21.80 billion, a price-to-earnings ratio of 230.80, a P/E/G ratio of 2.82 and a beta of 1.05.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS for the quarter, missing the consensus estimate of $2.29 by ($2.83). Alexandria Real Estate Equities had a net margin of 3.59% and a return on equity of 0.46%. The business had revenue of $757.22 million for the quarter, compared to analysts’ expectations of $740.16 million. During the same quarter in the prior year, the business posted $2.14 earnings per share. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. Research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be issued a dividend of $1.27 per share. The ex-dividend date is Wednesday, March 27th. This represents a $5.08 annualized dividend and a dividend yield of 4.08%. Alexandria Real Estate Equities’s payout ratio is 940.74%.

About Alexandria Real Estate Equities

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.