Alexandria Real Estate Equities, Inc. (NYSE:ARE) Position Lessened by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 53.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,113 shares of the real estate investment trust’s stock after selling 43,050 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Alexandria Real Estate Equities were worth $4,832,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Oakworth Capital Inc. acquired a new position in shares of Alexandria Real Estate Equities during the fourth quarter valued at $25,000. Capital Advisors Ltd. LLC bought a new position in Alexandria Real Estate Equities in the 4th quarter worth about $25,000. HHM Wealth Advisors LLC increased its stake in shares of Alexandria Real Estate Equities by 340.9% in the fourth quarter. HHM Wealth Advisors LLC now owns 194 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 150 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of Alexandria Real Estate Equities by 61.7% during the third quarter. Parkside Financial Bank & Trust now owns 291 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 111 shares during the last quarter. Finally, CENTRAL TRUST Co acquired a new position in shares of Alexandria Real Estate Equities during the third quarter worth approximately $33,000. 96.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ARE has been the subject of a number of analyst reports. JMP Securities reiterated a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Evercore ISI decreased their target price on shares of Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They issued a “buy” rating and a $140.00 price target for the company. Finally, Wedbush reiterated an “outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Alexandria Real Estate Equities currently has an average rating of “Moderate Buy” and an average price target of $136.75.

Insider Buying and Selling

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

Alexandria Real Estate Equities Trading Up 2.0 %

Shares of NYSE:ARE opened at $120.51 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a market capitalization of $21.07 billion, a price-to-earnings ratio of 112.63, a PEG ratio of 2.32 and a beta of 1.07. Alexandria Real Estate Equities, Inc. has a 1-year low of $90.73 and a 1-year high of $135.45. The company has a 50 day moving average price of $122.73 and a 200 day moving average price of $117.99.

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend was Wednesday, March 27th. Alexandria Real Estate Equities’s dividend payout ratio is presently 474.77%.

Alexandria Real Estate Equities Company 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.