Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,087 shares of the real estate investment trust’s stock after selling 1,914 shares during the quarter. Amalgamated Bank’s holdings in Alexandria Real Estate Equities were worth $4,955,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Natixis Advisors L.P. grew its holdings in Alexandria Real Estate Equities by 67.4% in the 4th quarter. Natixis Advisors L.P. now owns 289,359 shares of the real estate investment trust’s stock valued at $36,681,000 after buying an additional 116,468 shares in the last quarter. First Trust Direct Indexing L.P. grew its holdings in shares of Alexandria Real Estate Equities by 12.9% in the fourth quarter. First Trust Direct Indexing L.P. now owns 2,594 shares of the real estate investment trust’s stock valued at $329,000 after purchasing an additional 296 shares during the period. New York Life Investment Management LLC increased its position in Alexandria Real Estate Equities by 79.6% during the fourth quarter. New York Life Investment Management LLC now owns 49,856 shares of the real estate investment trust’s stock worth $6,320,000 after purchasing an additional 22,096 shares during the last quarter. Y.D. More Investments Ltd purchased a new position in Alexandria Real Estate Equities during the fourth quarter worth about $98,000. Finally, Victory Capital Management Inc. boosted its holdings in Alexandria Real Estate Equities by 0.9% in the 4th quarter. Victory Capital Management Inc. now owns 3,747,866 shares of the real estate investment trust’s stock valued at $475,117,000 after purchasing an additional 32,122 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Insider Buying and Selling at Alexandria Real Estate Equities

In other news, CEO Peter M. Moglia sold 3,200 shares of the company’s 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 completion of the transaction, the chief executive officer now directly owns 249,683 shares of the company’s stock, valued at approximately $30,686,040.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Chairman Joel S. Marcus sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $118.92, for a total transaction of $891,900.00. Following the completion of the sale, the chairman now owns 429,538 shares in the company, valued at $51,080,658.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 transaction 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. 1.15% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

Alexandria Real Estate Equities Trading Down 0.1 %

NYSE:ARE opened at $119.71 on Wednesday. The stock has a fifty day moving average price of $122.70 and a 200 day moving average price of $118.34. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.54. Alexandria Real Estate Equities, Inc. has a 12-month low of $90.73 and a 12-month high of $135.45. The firm has a market cap of $20.93 billion, a PE ratio of 111.88, a price-to-earnings-growth ratio of 2.32 and a beta of 1.07.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $1.27 dividend. This represents a $5.08 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend was Wednesday, March 27th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) 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.