Raymond James Financial Services Advisors Inc. Sells 143 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Raymond James Financial Services Advisors Inc. lowered its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 4.4% in the 4th quarter, Holdings Channel reports. The fund owned 3,099 shares of the real estate investment trust’s stock after selling 143 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Alexandria Real Estate Equities were worth $393,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Alexandria Real Estate Equities by 8.5% in the 1st quarter. BlackRock Inc. now owns 17,138,718 shares of the real estate investment trust’s stock worth $2,152,452,000 after acquiring an additional 1,338,634 shares in the last quarter. Norges Bank purchased a new stake in shares of Alexandria Real Estate Equities in the 4th quarter worth approximately $2,277,135,000. State Street Corp grew its stake in shares of Alexandria Real Estate Equities by 4.2% in the 1st quarter. State Street Corp now owns 10,640,279 shares of the real estate investment trust’s stock worth $1,348,934,000 after buying an additional 424,932 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Alexandria Real Estate Equities by 7.3% in the 1st quarter. Geode Capital Management LLC now owns 3,604,252 shares of the real estate investment trust’s stock worth $451,738,000 after buying an additional 245,322 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Alexandria Real Estate Equities by 7.9% in the 3rd quarter. Invesco Ltd. now owns 2,654,089 shares of the real estate investment trust’s stock worth $265,674,000 after buying an additional 194,651 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

Insider Transactions at Alexandria Real Estate Equities

In other news, CEO Peter M. Moglia sold 3,200 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 249,683 shares in the company, valued at approximately $30,686,040.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Chairman Joel S. Marcus sold 7,500 shares of the firm’s stock in a transaction 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 transaction, the chairman now directly owns 429,538 shares of the company’s stock, valued at approximately $51,080,658.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Peter M. Moglia sold 3,200 shares of the firm’s stock in a transaction 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 $30,686,040.70. The disclosure for this sale can be found here. Company insiders own 1.15% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on ARE. Wedbush restated an “outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. JMP Securities restated a “market outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Mizuho upped their price target on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. 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 target on the stock. Finally, StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $137.13.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $115.69 on Friday. The business’s fifty day simple moving average is $122.81 and its two-hundred day simple moving average is $116.54. 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, Inc. has a 12 month low of $90.73 and a 12 month high of $135.45. The company has a market cap of $20.24 billion, a price-to-earnings ratio of 214.24, a P/E/G ratio of 2.66 and a beta of 1.05.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.29 by ($2.83). The firm 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 business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the business earned $2.14 earnings per share. Research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $1.27 dividend. 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 4.39%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 940.76%.

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.