Robeco Institutional Asset Management B.V. Grows Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Robeco Institutional Asset Management B.V. boosted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) by 6.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,625 shares of the real estate investment trust’s stock after purchasing an additional 6,132 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.06% of Alexandria Real Estate Equities worth $14,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Ronald Blue Trust Inc. purchased a new stake in Alexandria Real Estate Equities during the second quarter worth $25,000. Guardian Wealth Advisors LLC acquired a new position in Alexandria Real Estate Equities in the 3rd quarter worth about $36,000. First Horizon Advisors Inc. boosted its position in Alexandria Real Estate Equities by 96.9% during the third quarter. First Horizon Advisors Inc. now owns 254 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 125 shares in the last quarter. Private Trust Co. NA acquired a new stake in Alexandria Real Estate Equities in the second quarter valued at approximately $43,000. Finally, Parkside Financial Bank & Trust increased its position in shares of Alexandria Real Estate Equities by 93.8% in the third quarter. Parkside Financial Bank & Trust now owns 310 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 150 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 9,000 shares of the business’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $168.00, for a total value of $1,512,000.00. Following the transaction, the chairman now directly owns 388,729 shares in the company, valued at approximately $65,306,472. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Hunter Kass sold 3,803 shares of the stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $167.45, for a total value of $636,812.35. Following the completion of the transaction, the director now directly owns 87,850 shares in the company, valued at $14,710,482.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Joel S. Marcus sold 9,000 shares of Alexandria Real Estate Equities stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $168.00, for a total value of $1,512,000.00. Following the completion of the sale, the chairman now owns 388,729 shares in the company, valued at approximately $65,306,472. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,101 shares of company stock worth $2,700,271. Insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on ARE. JPMorgan Chase & Co. lifted their price target on shares of Alexandria Real Estate Equities from $176.00 to $177.00 and gave the company an “overweight” rating in a research note on Thursday, February 2nd. StockNews.com started coverage on Alexandria Real Estate Equities in a report on Thursday. They issued a “hold” rating on the stock. Robert W. Baird increased their target price on Alexandria Real Estate Equities from $162.00 to $174.00 and gave the company an “outperform” rating in a report on Thursday, February 2nd. JMP Securities restated a “buy” rating and issued a $180.00 target price on shares of Alexandria Real Estate Equities in a research report on Tuesday, January 31st. Finally, Evercore ISI dropped their price target on Alexandria Real Estate Equities to $168.00 in a research report on Friday, December 2nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $175.63.

Alexandria Real Estate Equities Trading Down 2.6 %

ARE opened at $120.87 on Friday. The firm has a market capitalization of $20.92 billion, a price-to-earnings ratio of 38.62, a price-to-earnings-growth ratio of 1.83 and a beta of 0.95. The company’s 50 day simple moving average is $152.74 and its two-hundred day simple moving average is $148.20. Alexandria Real Estate Equities, Inc. has a 1-year low of $118.48 and a 1-year high of $206.85. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.35 and a quick ratio of 0.35.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last announced its quarterly earnings data on Tuesday, January 31st. The real estate investment trust reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $2.13 by ($1.82). The company had revenue of $670.28 million for the quarter, compared to analysts’ expectations of $674.21 million. Alexandria Real Estate Equities had a return on equity of 2.80% and a net margin of 20.15%. The business’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.97 EPS. Analysts expect that Alexandria Real Estate Equities, Inc. will post 8.95 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be issued a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Thursday, March 30th. Alexandria Real Estate Equities’s dividend payout ratio is currently 154.63%.

Alexandria Real Estate Equities Profile

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Alexandria Real Estate Equities, Inc engages in the business of providing space for lease. The firm is also an owner, operator, and developer of life science, agrotechnology, and technology campuses in Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.