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

Mirae Asset Global Investments Co. Ltd. lifted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 3.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,935 shares of the real estate investment trust’s stock after purchasing an additional 911 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Alexandria Real Estate Equities were worth $3,668,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parkside Financial Bank & Trust increased its stake in shares of Alexandria Real Estate Equities by 61.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 291 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 111 shares in the last quarter. Ronald Blue Trust Inc. increased its stake in shares of Alexandria Real Estate Equities by 142.5% in the 3rd quarter. Ronald Blue Trust Inc. now owns 325 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 191 shares in the last quarter. CENTRAL TRUST Co purchased a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter worth $33,000. GPS Wealth Strategies Group LLC purchased a new stake in shares of Alexandria Real Estate Equities in the 4th quarter worth $36,000. Finally, Rational Advisors LLC purchased a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter worth $37,000. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Trading Down 1.8 %

ARE opened at $116.99 on Wednesday. The firm has a market cap of $20.47 billion, a P/E ratio of 216.65, a P/E/G ratio of 2.79 and a beta of 1.05. Alexandria Real Estate Equities, Inc. has a 12 month low of $90.73 and a 12 month high of $135.45. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50. The stock has a 50-day moving average of $122.86 and a 200 day moving average of $116.29.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS for the quarter, missing the consensus estimate of $2.29 by ($2.83). The company had revenue of $757.22 million during the quarter, compared to analysts’ expectations of $740.16 million. Alexandria Real Estate Equities had a return on equity of 0.46% and a net margin of 3.59%. The company’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.14 EPS. As a group, research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $1.27 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.08 annualized dividend and a dividend yield of 4.34%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 940.76%.

Insider Buying and Selling at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $118.92, for a total transaction of $891,900.00. Following the completion of the transaction, the chairman now 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 link. In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 3,200 shares of the business’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 transaction of $393,280.00. Following the completion of the transaction, the chief executive officer now owns 249,683 shares in the company, valued at $30,686,040.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Joel S. Marcus sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $118.92, for a total value of $891,900.00. Following the transaction, the chairman now owns 429,538 shares of the company’s stock, valued at approximately $51,080,658.96. The disclosure for this sale can be found here. Company insiders own 1.15% of the company’s stock.

Analyst Ratings Changes

ARE has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft began coverage on Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They issued a “buy” rating and a $140.00 price objective for the company. JMP Securities reaffirmed a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Mizuho lifted their target price on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $137.13.

About Alexandria Real Estate Equities

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.