Great Lakes Advisors LLC Reduces Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Great Lakes Advisors LLC decreased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:AREFree Report) by 9.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,564 shares of the real estate investment trust’s stock after selling 272 shares during the quarter. Great Lakes Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ARE. Mutual of America Capital Management LLC raised its stake in shares of Alexandria Real Estate Equities by 24.7% during the 4th quarter. Mutual of America Capital Management LLC now owns 43,196 shares of the real estate investment trust’s stock valued at $5,476,000 after purchasing an additional 8,555 shares during the period. Whittier Trust Co. lifted its holdings in shares of Alexandria Real Estate Equities by 36.0% in the fourth quarter. Whittier Trust Co. now owns 75,337 shares of the real estate investment trust’s stock worth $9,550,000 after buying an additional 19,931 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Alexandria Real Estate Equities by 19.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 161,070 shares of the real estate investment trust’s stock valued at $20,419,000 after acquiring an additional 25,955 shares during the period. Opinicus Capital Inc. purchased a new position in Alexandria Real Estate Equities during the fourth quarter valued at approximately $1,308,000. Finally, Tobam increased its holdings in Alexandria Real Estate Equities by 87.3% during the 4th quarter. Tobam now owns 1,103 shares of the real estate investment trust’s stock worth $140,000 after acquiring an additional 514 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Insider Buying and Selling

In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 3,200 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Chairman Joel S. Marcus sold 7,500 shares of the company’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 directly owns 429,538 shares of the company’s stock, valued at $51,080,658.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Peter M. Moglia sold 3,200 shares of the firm’s stock in a transaction dated 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 directly owns 249,683 shares in the company, valued at $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 Down 0.6 %

Shares of ARE opened at $122.78 on Thursday. Alexandria Real Estate Equities, Inc. has a 1 year low of $90.73 and a 1 year high of $135.45. The firm has a market cap of $21.47 billion, a P/E ratio of 114.75, a P/E/G ratio of 2.37 and a beta of 1.07. The stock has a 50 day simple moving average of $122.20 and a two-hundred day simple moving average of $120.32. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.30 and a quick ratio of 0.30.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend was Wednesday, March 27th. Alexandria Real Estate Equities’s dividend payout ratio is presently 474.77%.

Analysts Set New Price Targets

Several research analysts have commented on ARE shares. JMP Securities reissued a “market outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Evercore ISI reduced their target price on 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. Wedbush reaffirmed an “outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft started coverage on Alexandria Real Estate Equities in a report on Tuesday, January 30th. They set a “buy” rating and a $140.00 price objective for the company. Finally, 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. Two 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $136.75.

Read Our Latest Research Report on Alexandria Real Estate Equities

Alexandria Real Estate Equities Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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