Cerity Partners LLC Purchases New Shares in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Cerity Partners LLC purchased a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 13,979 shares of the real estate investment trust’s stock, valued at approximately $1,772,000.

A number of other institutional investors have also made changes to their positions in ARE. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Alexandria Real Estate Equities by 8.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 4,377 shares of the real estate investment trust’s stock valued at $881,000 after buying an additional 348 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Alexandria Real Estate Equities by 242.4% in the first quarter. American Century Companies Inc. now owns 4,499 shares of the real estate investment trust’s stock valued at $906,000 after buying an additional 3,185 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Alexandria Real Estate Equities by 14.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,753 shares of the real estate investment trust’s stock valued at $957,000 after buying an additional 598 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Alexandria Real Estate Equities by 11.7% in the first quarter. HighTower Advisors LLC now owns 5,903 shares of the real estate investment trust’s stock valued at $1,187,000 after buying an additional 620 shares during the last quarter. Finally, Cetera Advisor Networks LLC raised its holdings in shares of Alexandria Real Estate Equities by 7.3% in 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 buying an additional 74 shares during the last quarter. 96.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on ARE shares. Deutsche Bank Aktiengesellschaft started coverage on Alexandria Real Estate Equities in a research report on Tuesday, January 30th. They issued a “buy” rating and a $140.00 price objective for the company. StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. JMP Securities reiterated a “market outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Mizuho lifted their price objective on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Finally, Wedbush reiterated an “outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $137.13.

Alexandria Real Estate Equities Price Performance

Alexandria Real Estate Equities stock opened at $115.70 on Friday. The firm has a market capitalization of $20.24 billion, a P/E ratio of 214.26, a PEG ratio of 2.66 and a beta of 1.05. Alexandria Real Estate Equities, Inc. has a 1 year low of $90.73 and a 1 year high of $135.45. The business has a 50-day moving average of $122.81 and a 200-day moving average of $116.41. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of $2.29 by ($2.83). The company had revenue of $757.22 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.14 earnings per share. On average, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $1.27 per share. The ex-dividend date was Wednesday, March 27th. This represents a $5.08 annualized dividend and a dividend yield of 4.39%. Alexandria Real Estate Equities’s payout ratio is currently 940.74%.

Insider Transactions at Alexandria Real Estate Equities

In related 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 value of $393,280.00. Following the completion of the transaction, the chief executive officer now directly owns 249,683 shares in the company, valued at approximately $30,686,040.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related 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 value of $891,900.00. Following the completion of the transaction, the chairman now directly owns 429,538 shares in the company, valued at approximately $51,080,658.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Peter M. Moglia sold 3,200 shares of the business’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 value of $393,280.00. Following the completion of the transaction, the chief executive officer now owns 249,683 shares of the company’s stock, valued at $30,686,040.70. The disclosure for this sale can be found here. Corporate insiders own 1.15% of the company’s stock.

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.