Picton Mahoney Asset Management Takes Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Picton Mahoney Asset Management purchased a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,162 shares of the real estate investment trust’s stock, valued at approximately $400,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. HHM Wealth Advisors LLC lifted its holdings in Alexandria Real Estate Equities by 340.9% during the fourth quarter. HHM Wealth Advisors LLC now owns 194 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 150 shares during the period. Oakworth Capital Inc. purchased a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at $25,000. Capital Advisors Ltd. LLC bought a new stake in shares of Alexandria Real Estate Equities during the 4th quarter worth $25,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Alexandria Real Estate Equities in the 4th quarter worth about $35,000. Finally, GPS Wealth Strategies Group LLC purchased a new stake in Alexandria Real Estate Equities during the fourth quarter worth about $36,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Trading Down 1.3 %

Shares of Alexandria Real Estate Equities stock opened at $118.10 on Thursday. 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 1 year low of $90.73 and a 1 year high of $135.45. The firm has a market cap of $20.65 billion, a PE ratio of 110.37, a PEG ratio of 2.32 and a beta of 1.07. The company has a 50 day simple moving average of $122.70 and a two-hundred day simple moving average of $118.34.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $1.27 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $5.08 dividend on an annualized basis and a yield of 4.30%. Alexandria Real Estate Equities’s dividend payout ratio is presently 474.77%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ARE shares. JMP Securities reissued 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. Deutsche Bank Aktiengesellschaft initiated coverage on Alexandria Real Estate Equities in a report on Tuesday, January 30th. They set a “buy” rating and a $140.00 price objective for the company. StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Evercore ISI lowered their target price on shares of Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Finally, Wedbush reiterated an “outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.75.

Insider Transactions at Alexandria Real Estate Equities

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 transaction, the chairman now directly owns 429,538 shares in the company, valued at $51,080,658.96. The sale 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 company’s stock in a transaction dated 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 directly owns 429,538 shares in the company, valued at $51,080,658.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Peter M. Moglia sold 3,200 shares of the firm’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 transaction, the chief executive officer now owns 249,683 shares in the company, valued at $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 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.