Mirae Asset Global Investments Co. Ltd. Increases Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Mirae Asset Global Investments Co. Ltd. lifted its stake in Alexandria Real Estate Equities, Inc. (NYSE:AREGet Rating) by 20.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,128 shares of the real estate investment trust’s stock after purchasing an additional 4,106 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Alexandria Real Estate Equities were worth $4,855,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. DB Wealth Management Group LLC acquired a new position in Alexandria Real Estate Equities in the 1st quarter worth approximately $26,000. Bank of New Hampshire acquired a new position in Alexandria Real Estate Equities in the 1st quarter worth approximately $28,000. Tcwp LLC acquired a new position in Alexandria Real Estate Equities in the 1st quarter worth approximately $31,000. Riverview Trust Co acquired a new position in Alexandria Real Estate Equities in the 1st quarter worth approximately $32,000. Finally, Anson Funds Management LP acquired a new position in Alexandria Real Estate Equities in the 1st quarter worth approximately $42,000. Institutional investors and hedge funds own 91.81% of the company’s stock.

Analyst Ratings Changes

ARE has been the topic of a number of analyst reports. Evercore ISI raised their price objective on shares of Alexandria Real Estate Equities from $185.00 to $194.00 in a research note on Monday, September 12th. JMP Securities dropped their price objective on shares of Alexandria Real Estate Equities from $230.00 to $200.00 and set a “market outperform” rating on the stock in a research note on Wednesday, July 27th. Credit Suisse Group began coverage on shares of Alexandria Real Estate Equities in a research note on Wednesday, June 22nd. They set a “neutral” rating and a $140.00 price objective on the stock. StockNews.com lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Saturday, August 13th. Finally, Mizuho increased their target price on Alexandria Real Estate Equities from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Monday, September 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $189.00.

Alexandria Real Estate Equities Trading Up 0.6 %

Shares of ARE stock opened at $142.07 on Friday. The stock’s fifty day moving average is $156.49 and its two-hundred day moving average is $166.55. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.23 and a current ratio of 0.23. The firm has a market capitalization of $23.18 billion, a P/E ratio of 76.80, a PEG ratio of 2.23 and a beta of 0.93. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $130.00 and a fifty-two week high of $224.95.

Alexandria Real Estate Equities (NYSE:AREGet Rating) last posted its quarterly earnings results on Monday, July 25th. The real estate investment trust reported $1.67 EPS for the quarter, topping the consensus estimate of $0.66 by $1.01. Alexandria Real Estate Equities had a return on equity of 1.93% and a net margin of 12.54%. The business had revenue of $643.80 million for the quarter, compared to analyst estimates of $633.13 million. During the same quarter in the previous year, the firm earned $1.93 EPS. The company’s quarterly revenue was up 26.3% compared to the same quarter last year. Research analysts expect that Alexandria Real Estate Equities, Inc. will post 8.41 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a dividend of $1.18 per share. This represents a $4.72 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Thursday, September 29th. Alexandria Real Estate Equities’s payout ratio is 255.14%.

Insider Buying and Selling

In related news, General Counsel Jackie B. Clem sold 794 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $156.60, for a total transaction of $124,340.40. Following the completion of the sale, the general counsel now directly owns 22,824 shares of the company’s stock, valued at approximately $3,574,238.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Alexandria Real Estate Equities news, major shareholder Real Estate Equitie Alexandria acquired 3,500,000 shares of the business’s stock in a transaction that occurred on Monday, June 27th. The stock was purchased at an average cost of $1.00 per share, with a total value of $3,500,000.00. Following the transaction, the insider now owns 4,555,077 shares of the company’s stock, valued at $4,555,077. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Jackie B. Clem sold 794 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $156.60, for a total value of $124,340.40. Following the sale, the general counsel now directly owns 22,824 shares of the company’s stock, valued at $3,574,238.40. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Alexandria Real Estate Equities 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").

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

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