abrdn plc Increases Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

abrdn plc increased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 6.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 308,522 shares of the real estate investment trust’s stock after purchasing an additional 19,524 shares during the quarter. abrdn plc owned 0.18% of Alexandria Real Estate Equities worth $39,111,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ARE. AE Wealth Management LLC bought a new position in Alexandria Real Estate Equities during the 3rd quarter valued at $407,000. Ronald Blue Trust Inc. boosted its stake in Alexandria Real Estate Equities by 142.5% during the 3rd quarter. Ronald Blue Trust Inc. now owns 325 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 191 shares during the last quarter. Impact Partnership Wealth LLC bought a new position in Alexandria Real Estate Equities during the 3rd quarter valued at $327,000. Exchange Traded Concepts LLC boosted its stake in Alexandria Real Estate Equities by 5.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 2,138 shares of the real estate investment trust’s stock valued at $214,000 after acquiring an additional 102 shares during the last quarter. Finally, Czech National Bank boosted its stake in Alexandria Real Estate Equities by 46.0% during the 3rd quarter. Czech National Bank now owns 27,217 shares of the real estate investment trust’s stock valued at $2,724,000 after acquiring an additional 8,579 shares during the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 3,200 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $122.90, for a total transaction of $393,280.00. Following the transaction, the chief executive officer now owns 249,683 shares of the company’s stock, valued at approximately $30,686,040.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Chairman Joel S. Marcus sold 7,500 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $118.92, for a total transaction of $891,900.00. Following the completion of the transaction, the chairman now owns 429,538 shares in the company, valued at approximately $51,080,658.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Peter M. Moglia sold 3,200 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $122.90, for a total transaction of $393,280.00. Following the transaction, the chief executive officer now owns 249,683 shares of the company’s stock, valued at approximately $30,686,040.70. The disclosure for this sale can be found here. 1.15% of the stock is owned by corporate insiders.

Alexandria Real Estate Equities Stock Up 2.5 %

ARE stock opened at $118.60 on Tuesday. The stock has a market cap of $20.75 billion, a PE ratio of 219.63, a price-to-earnings-growth ratio of 2.64 and a beta of 1.05. 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’s 50-day simple moving average is $122.82 and its 200 day simple moving average is $116.82. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $90.73 and a fifty-two week high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) 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 net margin of 3.59% and a return on equity of 0.46%. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.14 EPS. As a group, sell-side analysts predict 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. Shareholders of record on Thursday, March 28th were paid a dividend of $1.27 per share. The ex-dividend date was Wednesday, March 27th. This represents a $5.08 annualized dividend and a yield of 4.28%. Alexandria Real Estate Equities’s payout ratio is 940.76%.

Analysts Set New Price Targets

ARE has been the topic of a number of research analyst reports. JMP Securities reiterated a “market outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Wedbush reissued an “outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Alexandria Real Estate Equities in a report on Tuesday, January 30th. They set a “buy” rating and a $140.00 target price on the stock. Mizuho increased their target price on shares of Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Finally, StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.13.

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.