Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC cut its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 54,512 shares of the real estate investment trust’s stock after selling 712 shares during the period. Calamos Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $6,910,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in shares of Alexandria Real Estate Equities by 8.5% during the first quarter. BlackRock Inc. now owns 17,138,718 shares of the real estate investment trust’s stock worth $2,152,452,000 after acquiring an additional 1,338,634 shares during the period. Norges Bank acquired a new position in Alexandria Real Estate Equities during the 4th quarter worth $2,277,135,000. State Street Corp increased its holdings in Alexandria Real Estate Equities by 4.2% during the 1st quarter. State Street Corp now owns 10,640,279 shares of the real estate investment trust’s stock worth $1,348,934,000 after purchasing an additional 424,932 shares during the period. Geode Capital Management LLC raised its position in Alexandria Real Estate Equities by 7.3% in the 1st quarter. Geode Capital Management LLC now owns 3,604,252 shares of the real estate investment trust’s stock valued at $451,738,000 after purchasing an additional 245,322 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Alexandria Real Estate Equities by 7.9% in the 3rd quarter. Invesco Ltd. now owns 2,654,089 shares of the real estate investment trust’s stock valued at $265,674,000 after buying an additional 194,651 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $115.69 on Friday. 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 capitalization of $20.24 billion, a P/E ratio of 214.24, a P/E/G ratio of 2.66 and a beta of 1.05. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.26 and a quick ratio of 0.26. The company’s fifty day moving average price is $122.81 and its 200 day moving average price is $116.54.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($2.83). Alexandria Real Estate Equities had a return on equity of 0.46% and a net margin of 3.59%. The firm had revenue of $757.22 million for the quarter, compared to analyst estimates of $740.16 million. During the same quarter last year, the firm posted $2.14 EPS. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date was Wednesday, March 27th. Alexandria Real Estate Equities’s dividend payout ratio is currently 940.76%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. JMP Securities restated a “market outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Mizuho increased their price objective on shares of Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft began coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday, January 30th. They set a “buy” rating and a $140.00 price objective for the company. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Finally, Wedbush reaffirmed an “outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.13.

Insider Activity

In other news, 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 directly owns 429,538 shares of the company’s stock, valued at approximately $51,080,658.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Peter M. Moglia sold 3,200 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were 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 directly owns 249,683 shares of the company’s stock, valued at $30,686,040.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Joel S. Marcus sold 7,500 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $118.92, for a total value of $891,900.00. Following the transaction, the chairman now directly owns 429,538 shares in the company, valued at approximately $51,080,658.96. The disclosure for this sale can be found here. Corporate insiders own 1.15% of the company’s stock.

About Alexandria Real Estate Equities

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.