Sequoia Financial Advisors LLC Invests $403,000 in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Sequoia Financial Advisors LLC bought a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,181 shares of the real estate investment trust’s stock, valued at approximately $403,000.

Other hedge funds have also recently bought and sold shares of the company. Resurgent Financial Advisors LLC acquired a new position in Alexandria Real Estate Equities during the fourth quarter worth $38,000. GPS Wealth Strategies Group LLC acquired a new position in Alexandria Real Estate Equities during the fourth quarter worth $36,000. Parkside Financial Bank & Trust increased its position 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 worth $29,000 after buying an additional 111 shares during the last quarter. Clear Street Markets LLC increased its position in Alexandria Real Estate Equities by 104.6% during the first quarter. Clear Street Markets LLC now owns 309 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 158 shares during the last quarter. Finally, Ronald Blue Trust Inc. increased its position in Alexandria Real Estate Equities by 142.5% during the third quarter. Ronald Blue Trust Inc. now owns 325 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 191 shares during the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Alexandria Real Estate Equities Stock Down 0.5 %

NYSE ARE opened at $116.45 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a 50-day simple moving average of $122.84 and a 200 day simple moving average of $116.29. 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 cap of $20.37 billion, a PE ratio of 215.65, a PEG ratio of 2.72 and a beta of 1.05.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share for the quarter, missing the consensus estimate of $2.29 by ($2.83). Alexandria Real Estate Equities had a net margin of 3.59% and a return on equity of 0.46%. The company had revenue of $757.22 million during the quarter, compared to the consensus estimate of $740.16 million. During the same quarter in the previous year, the business posted $2.14 EPS. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. On average, 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 business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $1.27 dividend. This represents a $5.08 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend was Wednesday, March 27th. Alexandria Real Estate Equities’s payout ratio is presently 940.76%.

Insider Activity at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 3,200 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were 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 filing with the SEC, which can be accessed through the SEC website. In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were 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 filing with the SEC, which can be accessed through the SEC website. Also, CEO Peter M. Moglia sold 3,200 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $122.90, for a total transaction of $393,280.00. Following the transaction, the chief executive officer now owns 249,683 shares of the company’s stock, valued at approximately $30,686,040.70. The disclosure for this sale can be found here. 1.15% of the stock is owned by corporate insiders.

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.