NewEdge Wealth LLC Sells 403 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

NewEdge Wealth LLC trimmed its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 11.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,142 shares of the real estate investment trust’s stock after selling 403 shares during the period. NewEdge Wealth LLC’s holdings in Alexandria Real Estate Equities were worth $398,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in ARE. Parkside Financial Bank & Trust grew its stake in Alexandria Real Estate Equities by 61.7% during the third quarter. Parkside Financial Bank & Trust now owns 291 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 111 shares in the last quarter. Ronald Blue Trust Inc. boosted its holdings in shares of Alexandria Real Estate Equities by 142.5% during the 3rd quarter. Ronald Blue Trust Inc. now owns 325 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 191 shares during the last quarter. CENTRAL TRUST Co purchased a new position in shares of Alexandria Real Estate Equities during the third quarter valued at about $33,000. GPS Wealth Strategies Group LLC purchased a new position in shares of Alexandria Real Estate Equities during the fourth quarter valued at about $36,000. Finally, Rational Advisors LLC bought a new stake in shares of Alexandria Real Estate Equities in the third quarter worth about $37,000. Institutional investors own 96.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Mizuho raised their price target on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday, January 30th. They issued a “buy” rating and a $140.00 price target on the stock. Wedbush reiterated an “outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Finally, JMP Securities restated 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. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $137.13.

Insider Transactions at Alexandria Real Estate Equities

In related news, Chairman Joel S. Marcus sold 7,500 shares of the business’s stock in a transaction 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 approximately $51,080,658.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Peter M. Moglia sold 3,200 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $122.90, for a total transaction of $393,280.00. Following the transaction, the chief executive officer now directly owns 249,683 shares of the company’s stock, valued at $30,686,040.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Joel S. Marcus sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $118.92, for a total transaction of $891,900.00. Following the sale, the chairman now directly 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.

Alexandria Real Estate Equities Trading Down 0.5 %

ARE stock opened at $116.45 on Thursday. Alexandria Real Estate Equities, Inc. has a twelve month low of $90.73 and a twelve month high of $135.45. The stock has a market capitalization of $20.37 billion, a price-to-earnings ratio of 215.65, a price-to-earnings-growth ratio of 2.72 and a beta of 1.05. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.50. The firm’s fifty day simple moving average is $122.84 and its two-hundred day simple moving average is $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 analysts’ consensus estimates of $2.29 by ($2.83). The firm had revenue of $757.22 million for 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%. Alexandria Real Estate Equities’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.14 earnings per share. As a group, analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share 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. Stockholders of record on Thursday, March 28th were paid a dividend of $1.27 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.36%. Alexandria Real Estate Equities’s dividend payout ratio is 940.76%.

Alexandria Real Estate Equities Profile

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.