Leeward Investments LLC MA Has $13.19 Million Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Leeward Investments LLC MA trimmed its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 2.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 104,077 shares of the real estate investment trust’s stock after selling 2,808 shares during the period. Leeward Investments LLC MA’s holdings in Alexandria Real Estate Equities were worth $13,194,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its holdings in shares of Alexandria Real Estate Equities by 29.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 376 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 85 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Alexandria Real Estate Equities by 5.0% in the third quarter. Exchange Traded Concepts LLC now owns 2,138 shares of the real estate investment trust’s stock valued at $214,000 after purchasing an additional 102 shares during the last quarter. Addison Advisors LLC increased its holdings in shares of Alexandria Real Estate Equities by 32.9% in the third quarter. Addison Advisors LLC now owns 465 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 115 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Alexandria Real Estate Equities by 0.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,119 shares of the real estate investment trust’s stock valued at $4,617,000 after purchasing an additional 123 shares during the last quarter. Finally, Callan Capital LLC increased its holdings in shares of Alexandria Real Estate Equities by 1.5% in the third quarter. Callan Capital LLC now owns 9,235 shares of the real estate investment trust’s stock valued at $924,000 after purchasing an additional 138 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. 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. Mizuho upped 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. Evercore ISI decreased their price target on shares of Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating on the stock in a research note on Thursday. Wedbush restated an “outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of 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 assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $136.75.

Alexandria Real Estate Equities Trading Down 0.9 %

ARE opened at $116.23 on Friday. 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 50-day simple moving average of $122.98 and a 200 day simple moving average of $117.10. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $20.33 billion, a price-to-earnings ratio of 108.63, a P/E/G ratio of 2.68 and a beta of 1.05.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($2.83). The company had revenue of $757.22 million during the quarter, compared to the consensus estimate of $740.16 million. Alexandria Real Estate Equities had a return on equity of 0.87% and a net margin of 6.65%. The firm’s revenue was up 13.0% compared to the same quarter last year. During the same period last year, the company posted $2.14 EPS. Analysts predict that Alexandria Real Estate Equities, Inc. will post 9.46 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $1.27 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.37%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 474.77%.

Insider Transactions at Alexandria Real Estate Equities

In other news, CEO Peter M. Moglia sold 3,200 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 249,683 shares of the company’s stock, valued at $30,686,040.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of the stock in a transaction that occurred 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 sale, the chairman now owns 429,538 shares of the company’s stock, valued at approximately $51,080,658.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Peter M. Moglia sold 3,200 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $122.90, for a total transaction of $393,280.00. Following the sale, the chief executive officer now directly owns 249,683 shares of the company’s stock, valued at approximately $30,686,040.70. The disclosure for this sale can be found here. Company insiders own 1.15% of the company’s stock.

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.