Sentry Investment Management LLC Sells 87 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Sentry Investment Management LLC reduced its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 9.6% in the 4th quarter, Holdings Channel reports. The firm owned 815 shares of the real estate investment trust’s stock after selling 87 shares during the quarter. Sentry Investment Management LLC’s holdings in Alexandria Real Estate Equities were worth $103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of ARE. Parkside Financial Bank & Trust boosted its position in shares of Alexandria Real Estate Equities by 61.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 291 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 111 shares in the last quarter. Ronald Blue Trust Inc. boosted its holdings in Alexandria Real Estate Equities by 142.5% during the third quarter. Ronald Blue Trust Inc. now owns 325 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 191 shares in the last quarter. CENTRAL TRUST Co bought a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter valued at approximately $33,000. GPS Wealth Strategies Group LLC acquired a new position in shares of Alexandria Real Estate Equities in the 4th quarter worth approximately $36,000. Finally, Rational Advisors LLC bought a new position in shares of Alexandria Real Estate Equities during the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Insider Transactions at Alexandria Real Estate Equities

In related news, Chairman Joel S. Marcus sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $118.92, for a total transaction of $891,900.00. Following the completion of the transaction, 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 at the SEC website. In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 3,200 shares of the firm’s 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 completion of the sale, the chief executive officer now owns 249,683 shares of the company’s stock, valued at approximately $30,686,040.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Joel S. Marcus sold 7,500 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $118.92, for a total transaction of $891,900.00. Following the completion of the transaction, the chairman now owns 429,538 shares in the company, valued at $51,080,658.96. The disclosure for this sale can be found here. 1.15% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on ARE shares. Wedbush reiterated an “outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. JMP Securities reissued a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Mizuho lifted their price target on shares of 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. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Alexandria Real Estate Equities in a report on Tuesday, January 30th. They set a “buy” rating and a $140.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $137.13.

Alexandria Real Estate Equities Trading Down 0.5 %

Alexandria Real Estate Equities stock opened at $116.45 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.26 and a quick ratio of 0.26. The firm has a 50-day moving average of $122.84 and a 200-day moving average of $116.29. The company has a market cap of $20.37 billion, a price-to-earnings ratio of 215.65, a P/E/G ratio of 2.72 and a beta of 1.05. Alexandria Real Estate Equities, Inc. has a one year low of $90.73 and a one year high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share for the quarter, missing the consensus estimate of $2.29 by ($2.83). The company had revenue of $757.22 million for the quarter, compared to analyst estimates of $740.16 million. Alexandria Real Estate Equities had a return on equity of 0.46% and a net margin of 3.59%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the firm earned $2.14 EPS. On average, equities analysts expect 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 was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend was Wednesday, March 27th. Alexandria Real Estate Equities’s dividend payout ratio is currently 940.76%.

Alexandria Real Estate Equities Company 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.