Marathon Trading Investment Management LLC purchased a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 27,433 shares of the real estate investment trust’s stock, valued at approximately $1,343,000.
Other large investors have also recently bought and sold shares of the company. Avalon Trust Co purchased a new stake in Alexandria Real Estate Equities in the 3rd quarter worth about $29,000. BOKF NA grew its stake in Alexandria Real Estate Equities by 6,033.3% during the 3rd quarter. BOKF NA now owns 368 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 362 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in Alexandria Real Estate Equities during the 2nd quarter valued at about $30,000. CIBC Private Wealth Group LLC increased its holdings in shares of Alexandria Real Estate Equities by 109.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 436 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 228 shares during the period. Finally, MUFG Securities EMEA plc acquired a new position in shares of Alexandria Real Estate Equities in the 2nd quarter valued at about $33,000. 96.54% of the stock is owned by institutional investors and hedge funds.
Alexandria Real Estate Equities Trading Down 0.0%
NYSE:ARE opened at $53.15 on Monday. The company has a market capitalization of $9.26 billion, a P/E ratio of -8.48, a P/E/G ratio of 6.44 and a beta of 1.19. The stock’s 50 day moving average price is $47.14 and its 200 day moving average price is $49.98. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.20 and a current ratio of 0.20. Alexandria Real Estate Equities, Inc. has a 52 week low of $39.41 and a 52 week high of $88.24.
Alexandria Real Estate Equities Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.72 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.88 dividend on an annualized basis and a yield of 5.4%. Alexandria Real Estate Equities’s dividend payout ratio is currently -45.93%.
Analysts Set New Price Targets
Several research firms recently commented on ARE. The Goldman Sachs Group restated a “neutral” rating and set a $52.00 price target on shares of Alexandria Real Estate Equities in a report on Tuesday, May 19th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Monday, April 20th. BNP Paribas Exane lowered their price target on shares of Alexandria Real Estate Equities from $50.00 to $44.00 and set an “underperform” rating on the stock in a report on Tuesday, April 28th. Robert W. Baird reaffirmed a “neutral” rating and issued a $46.00 price target (down from $67.00) on shares of Alexandria Real Estate Equities in a research note on Monday, May 4th. Finally, Wall Street Zen upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $51.62.
Check Out Our Latest Stock Analysis on Alexandria Real Estate Equities
Insider Buying and Selling at Alexandria Real Estate Equities
In other Alexandria Real Estate Equities news, CFO Marc E. Binda sold 2,000 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $54.00, for a total transaction of $108,000.00. Following the transaction, the chief financial officer directly owned 188,264 shares of the company’s stock, valued at $10,166,256. This represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Hallie E. Kuhn sold 536 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $48.20, for a total value of $25,835.20. Following the transaction, the executive vice president owned 48,301 shares in the company, valued at approximately $2,328,108.20. This trade represents a 1.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.35% of the company’s stock.
Alexandria Real Estate Equities Company 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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