B. Metzler seel. Sohn & Co. AG lifted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 22.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,405 shares of the real estate investment trust’s stock after purchasing an additional 10,202 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Alexandria Real Estate Equities were worth $4,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of ARE. IFM Investors Pty Ltd lifted its position in Alexandria Real Estate Equities by 0.3% in the 3rd quarter. IFM Investors Pty Ltd now owns 58,544 shares of the real estate investment trust’s stock valued at $4,909,000 after acquiring an additional 150 shares in the last quarter. Kaufman Rossin Wealth LLC raised its stake in shares of Alexandria Real Estate Equities by 6.3% in the third quarter. Kaufman Rossin Wealth LLC now owns 2,954 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 174 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Alexandria Real Estate Equities by 0.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,443 shares of the real estate investment trust’s stock valued at $1,711,000 after purchasing an additional 198 shares in the last quarter. Zions Bancorporation National Association UT lifted its holdings in shares of Alexandria Real Estate Equities by 0.4% during the second quarter. Zions Bancorporation National Association UT now owns 55,580 shares of the real estate investment trust’s stock valued at $4,037,000 after purchasing an additional 202 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Alexandria Real Estate Equities by 17.4% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,371 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 203 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.
Alexandria Real Estate Equities Stock Performance
Shares of NYSE ARE opened at $50.68 on Monday. The firm has a 50 day moving average of $54.04 and a 200 day moving average of $62.33. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $8.78 billion, a price-to-earnings ratio of -6.00, a price-to-earnings-growth ratio of 6.15 and a beta of 1.31. Alexandria Real Estate Equities, Inc. has a 12-month low of $44.10 and a 12-month high of $105.14.
Alexandria Real Estate Equities declared that its board has authorized a share repurchase plan on Monday, December 8th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to buy up to 6.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.
Alexandria Real Estate Equities Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.72 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $2.88 dividend on an annualized basis and a yield of 5.7%. Alexandria Real Estate Equities’s dividend payout ratio is presently -34.12%.
Insider Transactions at Alexandria Real Estate Equities
In other news, Chairman Joel S. Marcus bought 25,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Thursday, February 12th. The stock was bought at an average cost of $53.92 per share, with a total value of $1,348,000.00. Following the acquisition, the chairman owned 562,724 shares of the company’s stock, valued at $30,342,078.08. The trade was a 4.65% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sheila K. Mcgrath bought 3,100 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were purchased at an average price of $45.60 per share, for a total transaction of $141,360.00. Following the purchase, the director owned 8,392 shares in the company, valued at $382,675.20. This trade represents a 58.58% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.15% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have weighed in on ARE. BNP Paribas Exane decreased their target price on Alexandria Real Estate Equities from $72.00 to $50.00 and set an “underperform” rating for the company in a research report on Thursday, December 4th. The Goldman Sachs Group began coverage on shares of Alexandria Real Estate Equities in a report on Tuesday, February 3rd. They set a “neutral” rating and a $60.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Alexandria Real Estate Equities from $53.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, February 2nd. Robert W. Baird lowered their price objective on shares of Alexandria Real Estate Equities from $73.00 to $67.00 and set an “outperform” rating on the stock in a research report on Thursday, December 4th. Finally, Morgan Stanley dropped their target price on shares of Alexandria Real Estate Equities from $55.00 to $54.00 and set an “equal weight” rating on the stock in a report on Monday, February 9th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $65.73.
Read Our Latest Analysis on Alexandria Real Estate Equities
Alexandria Real Estate Equities Profile
Alexandria Real Estate Equities, Inc (NYSE: ARE) is a real estate investment trust specializing in the ownership, development and management of collaborative life science and technology campuses. The company’s properties are designed to support research and innovation by providing specialized laboratory, office and manufacturing space tailored to biotechnology, pharmaceutical, academic and related industries.
Since its founding in 1994, Alexandria has cultivated a diversified portfolio of campuses across leading innovation clusters in North America and Europe.
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