First Hawaiian Bank Buys 413 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

First Hawaiian Bank boosted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:AREGet Rating) by 14.3% during the 1st quarter, Holdings Channel reports. The fund owned 3,303 shares of the real estate investment trust’s stock after buying an additional 413 shares during the period. First Hawaiian Bank’s holdings in Alexandria Real Estate Equities were worth $665,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Nomura Asset Management Co. Ltd. grew its holdings in Alexandria Real Estate Equities by 6.8% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 148,919 shares of the real estate investment trust’s stock worth $33,203,000 after acquiring an additional 9,542 shares in the last quarter. BTC Capital Management Inc. grew its holdings in Alexandria Real Estate Equities by 29.6% during the 4th quarter. BTC Capital Management Inc. now owns 2,915 shares of the real estate investment trust’s stock worth $650,000 after acquiring an additional 665 shares in the last quarter. Capital World Investors grew its holdings in Alexandria Real Estate Equities by 0.3% during the 4th quarter. Capital World Investors now owns 3,624,923 shares of the real estate investment trust’s stock worth $808,213,000 after acquiring an additional 9,123 shares in the last quarter. National Bank of Canada FI bought a new position in Alexandria Real Estate Equities during the 4th quarter worth about $107,000. Finally, Peapack Gladstone Financial Corp grew its holdings in Alexandria Real Estate Equities by 6.3% during the 4th quarter. Peapack Gladstone Financial Corp now owns 19,073 shares of the real estate investment trust’s stock worth $4,253,000 after acquiring an additional 1,123 shares in the last quarter. Institutional investors own 94.49% of the company’s stock.

In related news, General Counsel Jackie B. Clem sold 1,865 shares of the stock in a transaction that occurred on Wednesday, April 27th. The shares were sold at an average price of $189.55, for a total value of $353,510.75. Following the transaction, the general counsel now owns 24,039 shares in the company, valued at approximately $4,556,592.45. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Stephen Richardson sold 5,000 shares of the stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $171.47, for a total transaction of $857,350.00. Following the completion of the transaction, the chief executive officer now owns 175,602 shares in the company, valued at approximately $30,110,474.94. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Shares of Alexandria Real Estate Equities stock opened at $133.39 on Thursday. The firm has a market capitalization of $21.77 billion, a P/E ratio of 47.81, a PEG ratio of 2.03 and a beta of 0.85. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.51. The company has a 50 day moving average price of $166.75 and a 200 day moving average price of $188.71. Alexandria Real Estate Equities, Inc. has a 52 week low of $130.00 and a 52 week high of $224.95.

Alexandria Real Estate Equities (NYSE:AREGet Rating) last announced its quarterly earnings data on Monday, April 25th. The real estate investment trust reported ($0.96) EPS for the quarter, missing the consensus estimate of $0.75 by ($1.71). The company had revenue of $615.10 million during the quarter, compared to analysts’ expectations of $595.35 million. Alexandria Real Estate Equities had a net margin of 18.30% and a return on equity of 2.28%. The business’s revenue for the quarter was up 28.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.91 earnings per share. As a group, research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 8.4 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be given a $1.18 dividend. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.15. This represents a $4.72 annualized dividend and a dividend yield of 3.54%. The ex-dividend date is Wednesday, June 29th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 164.88%.

ARE has been the subject of several analyst reports. TheStreet lowered shares of Alexandria Real Estate Equities from a “b-” rating to a “c+” rating in a research report on Friday, March 11th. StockNews.com lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Thursday, April 28th. Finally, Credit Suisse Group initiated coverage on shares of Alexandria Real Estate Equities in a research report on Wednesday. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Alexandria Real Estate Equities has an average rating of “Moderate Buy” and a consensus price target of $180.80.

Alexandria Real Estate Equities Company Profile (Get Rating)

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> urban office real estate investment trust ("REIT"), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet ("SF").

Further Reading

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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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