Mackenzie Financial Corp Sells 4,010 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Mackenzie Financial Corp decreased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 25.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,875 shares of the real estate investment trust’s stock after selling 4,010 shares during the quarter. Mackenzie Financial Corp’s holdings in Alexandria Real Estate Equities were worth $1,505,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ARE. GPS Wealth Strategies Group LLC bought a new stake in shares of Alexandria Real Estate Equities in the 4th quarter worth approximately $36,000. Parkside Financial Bank & Trust raised its holdings 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 buying an additional 111 shares in the last quarter. Ronald Blue Trust Inc. raised its holdings 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 buying an additional 191 shares in the last quarter. CENTRAL TRUST Co acquired a new position in shares of Alexandria Real Estate Equities in the 3rd quarter worth approximately $33,000. Finally, Rational Advisors LLC acquired a new stake in Alexandria Real Estate Equities during the 3rd quarter valued at $37,000. Institutional investors own 96.54% of the company’s stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on 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. Mizuho lifted their target price on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. JMP Securities reissued a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Finally, Wedbush reissued an “outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $137.13.

Alexandria Real Estate Equities Stock Up 0.1 %

NYSE:ARE opened at $119.65 on Thursday. 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 quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $20.93 billion, a P/E ratio of 111.82, a P/E/G ratio of 2.71 and a beta of 1.05. The stock’s fifty day simple moving average is $123.08 and its 200-day simple moving average is $116.99.

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 for the quarter, missing the consensus estimate of $2.29 by ($2.83). The business had revenue of $757.22 million for the quarter, compared to the consensus estimate of $740.16 million. Alexandria Real Estate Equities had a return on equity of 0.87% and a net margin of 6.65%. The business’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.14 earnings per share. Equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.46 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. Shareholders of record on Thursday, March 28th were issued 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 yield of 4.25%. Alexandria Real Estate Equities’s dividend payout ratio is presently 474.77%.

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.