Malaga Cove Capital LLC Sells 323 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Malaga Cove Capital LLC cut its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,973 shares of the real estate investment trust’s stock after selling 323 shares during the quarter. Malaga Cove Capital LLC’s holdings in Alexandria Real Estate Equities were worth $1,138,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Victory Capital Management Inc. grew its position in Alexandria Real Estate Equities by 0.9% in the fourth quarter. Victory Capital Management Inc. now owns 3,747,866 shares of the real estate investment trust’s stock worth $475,117,000 after acquiring an additional 32,122 shares in the last quarter. Invesco Ltd. raised its stake in shares of Alexandria Real Estate Equities by 7.9% in the third quarter. Invesco Ltd. now owns 2,654,089 shares of the real estate investment trust’s stock valued at $265,674,000 after acquiring an additional 194,651 shares during the period. Legal & General Group Plc lifted its holdings in shares of Alexandria Real Estate Equities by 3.4% in the 3rd quarter. Legal & General Group Plc now owns 2,316,770 shares of the real estate investment trust’s stock worth $231,909,000 after acquiring an additional 77,012 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Alexandria Real Estate Equities by 2.6% during the 3rd quarter. Northern Trust Corp now owns 2,168,273 shares of the real estate investment trust’s stock worth $217,044,000 after purchasing an additional 54,717 shares during the period. Finally, FMR LLC grew its holdings in Alexandria Real Estate Equities by 0.7% during the 3rd quarter. FMR LLC now owns 1,508,541 shares of the real estate investment trust’s stock valued at $151,005,000 after purchasing an additional 10,914 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Wall Street Analyst Weigh In

ARE has been the subject of several recent analyst reports. JMP Securities restated a “market outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Wedbush restated an “outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They set a “buy” rating and a $140.00 price target for the company. Finally, Evercore ISI lowered their price objective on shares of Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $136.75.

Alexandria Real Estate Equities Stock Up 2.0 %

NYSE ARE traded up $2.34 on Friday, hitting $120.51. The stock had a trading volume of 706,001 shares, compared to its average volume of 837,319. The business’s fifty day moving average price is $122.73 and its 200 day moving average price is $117.73. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.30 and a quick ratio of 0.30. Alexandria Real Estate Equities, Inc. has a 52-week low of $90.73 and a 52-week high of $135.45. The stock has a market cap of $21.07 billion, a price-to-earnings ratio of 112.63, a price-to-earnings-growth ratio of 2.32 and a beta of 1.07.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $1.27 per share. The ex-dividend date was Wednesday, March 27th. This represents a $5.08 annualized dividend and a dividend yield of 4.22%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 474.77%.

Insider Activity at Alexandria Real Estate Equities

In other news, CEO Peter M. Moglia sold 3,200 shares of the business’s stock in a transaction 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 $30,686,040.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Peter M. Moglia sold 3,200 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $122.90, for a total value of $393,280.00. Following the sale, the chief executive officer now owns 249,683 shares in the company, valued at $30,686,040.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Joel S. Marcus sold 7,500 shares of the firm’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 transaction of $891,900.00. Following the transaction, the chairman now directly owns 429,538 shares of the company’s stock, valued at $51,080,658.96. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by insiders.

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.