LPL Financial LLC Acquires 675 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

LPL Financial LLC lifted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) by 3.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,919 shares of the real estate investment trust’s stock after buying an additional 675 shares during the quarter. LPL Financial LLC’s holdings in Alexandria Real Estate Equities were worth $2,610,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of ARE. Great Valley Advisor Group Inc. increased its position in shares of Alexandria Real Estate Equities by 3.7% during the fourth quarter. Great Valley Advisor Group Inc. now owns 1,841 shares of the real estate investment trust’s stock worth $268,000 after acquiring an additional 66 shares during the period. Arkadios Wealth Advisors lifted its stake in shares of Alexandria Real Estate Equities by 4.4% during the fourth quarter. Arkadios Wealth Advisors now owns 1,730 shares of the real estate investment trust’s stock worth $252,000 after buying an additional 73 shares during the period. Cetera Advisor Networks LLC lifted its position in Alexandria Real Estate Equities by 7.3% during the first quarter. Cetera Advisor Networks LLC now owns 1,086 shares of the real estate investment trust’s stock valued at $219,000 after purchasing an additional 74 shares during the period. Legacy Wealth Asset Management LLC lifted its position in Alexandria Real Estate Equities by 4.2% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 1,973 shares of the real estate investment trust’s stock valued at $287,000 after purchasing an additional 79 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Alexandria Real Estate Equities by 0.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 19,265 shares of the real estate investment trust’s stock valued at $2,806,000 after purchasing an additional 89 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ARE. Evercore ISI cut their price objective on shares of Alexandria Real Estate Equities from $155.00 to $144.00 and set an “outperform” rating for the company in a report on Monday, March 27th. JMP Securities reiterated a “buy” rating and issued a $180.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday, January 31st. StockNews.com upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Friday, May 12th. JPMorgan Chase & Co. upped their price objective on shares of Alexandria Real Estate Equities from $176.00 to $177.00 and gave the stock an “overweight” rating in a report on Thursday, February 2nd. Finally, Royal Bank of Canada cut their target price on shares of Alexandria Real Estate Equities from $198.00 to $166.00 in a research note on Thursday, May 4th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of “Moderate Buy” and an average target price of $164.00.

Alexandria Real Estate Equities Trading Down 0.9 %

Shares of ARE stock opened at $115.80 on Friday. The stock has a market cap of $20.03 billion, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 1.34 and a beta of 0.93. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.51. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $114.94 and a fifty-two week high of $172.65. The firm’s 50 day moving average price is $121.91 and its two-hundred day moving average price is $141.42.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last posted its earnings results on Tuesday, April 25th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($1.71). Alexandria Real Estate Equities had a return on equity of 3.77% and a net margin of 28.01%. The firm had revenue of $700.80 million for the quarter, compared to analyst estimates of $686.70 million. During the same period in the previous year, the firm posted $2.05 earnings per share. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, analysts anticipate that Alexandria Real Estate Equities, Inc. will post 8.95 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Friday, March 31st were issued a $1.21 dividend. This represents a $4.84 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend was Thursday, March 30th. Alexandria Real Estate Equities’s payout ratio is currently 106.84%.

Insider Buying and Selling

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, May 8th. The shares were sold at an average price of $122.20, for a total value of $916,500.00. Following the completion of the sale, the chairman now directly owns 351,354 shares of the company’s stock, valued at approximately $42,935,458.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

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.