Alpine Woods Capital Investors LLC Invests $218,000 in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Alpine Woods Capital Investors LLC acquired a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,720 shares of the real estate investment trust’s stock, valued at approximately $218,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Allworth Financial LP increased its holdings in Alexandria Real Estate Equities by 139.1% in the fourth quarter. Allworth Financial LP now owns 428 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 249 shares during the last quarter. Clean Yield Group increased its holdings in Alexandria Real Estate Equities by 190.6% in the fourth quarter. Clean Yield Group now owns 930 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 610 shares during the last quarter. Arizona State Retirement System grew its stake in Alexandria Real Estate Equities by 0.7% in the fourth quarter. Arizona State Retirement System now owns 45,178 shares of the real estate investment trust’s stock valued at $5,727,000 after acquiring an additional 336 shares during the period. Ballentine Partners LLC acquired a new position in Alexandria Real Estate Equities in the fourth quarter valued at about $228,000. Finally, Oak Thistle LLC acquired a new position in Alexandria Real Estate Equities in the fourth quarter valued at about $417,000. Institutional investors own 96.54% of the company’s stock.

Analysts Set New Price Targets

ARE has been the subject of a number of research analyst reports. Mizuho boosted their target price on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Deutsche Bank Aktiengesellschaft initiated coverage on Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They issued a “buy” rating and a $140.00 target price for the company. JMP Securities reissued a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Finally, Wedbush reaffirmed an “outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of “Moderate Buy” and an average target price of $137.13.

Alexandria Real Estate Equities Stock Up 1.7 %

NYSE ARE traded up $2.07 during trading hours on Friday, hitting $124.58. 551,071 shares of the company traded hands, compared to its average volume of 881,421. The business’s 50-day moving average is $122.60 and its 200-day moving average is $115.12. Alexandria Real Estate Equities, Inc. has a twelve month low of $90.73 and a twelve month high of $135.45. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a market capitalization of $21.80 billion, a price-to-earnings ratio of 230.80, a P/E/G ratio of 2.80 and a beta of 1.05.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly 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 company had revenue of $757.22 million for the quarter, compared to analyst estimates of $740.16 million. During the same period last year, the company posted $2.14 earnings per share. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. Sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be given a dividend of $1.27 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $5.08 annualized dividend and a yield of 4.08%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 940.76%.

Insider Activity at Alexandria Real Estate Equities

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