GSA Capital Partners LLP bought a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 19,272 shares of the real estate investment trust’s stock, valued at approximately $943,000.
A number of other large investors have also modified their holdings of ARE. Avalon Trust Co acquired a new stake in shares of Alexandria Real Estate Equities in the third quarter valued at about $29,000. Cornerstone Planning Group LLC boosted its holdings in Alexandria Real Estate Equities by 5,916.7% in the third quarter. Cornerstone Planning Group LLC now owns 361 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 355 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in Alexandria Real Estate Equities in the second quarter valued at about $30,000. BOKF NA boosted its holdings in Alexandria Real Estate Equities by 6,033.3% in the third quarter. BOKF NA now owns 368 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 362 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new position in Alexandria Real Estate Equities in the second quarter valued at about $33,000. Institutional investors and hedge funds own 96.54% of the company’s stock.
Alexandria Real Estate Equities Trading Up 1.1%
NYSE:ARE opened at $48.36 on Friday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $46.12 and its two-hundred day moving average is $50.17. Alexandria Real Estate Equities, Inc. has a 52 week low of $39.41 and a 52 week high of $88.24. The company has a market cap of $8.43 billion, a PE ratio of -7.71, a P/E/G ratio of 5.79 and a beta of 1.12.
Alexandria Real Estate Equities Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend was Tuesday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently -45.93%.
Insiders Place Their Bets
In other news, EVP Gregory Calvin Thomas bought 3,500 shares of Alexandria Real Estate Equities stock in a transaction on Thursday, April 30th. The shares were bought at an average price of $41.00 per share, with a total value of $143,500.00. Following the acquisition, the executive vice president directly owned 33,024 shares in the company, valued at approximately $1,353,984. This represents a 11.85% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Hallie E. Kuhn sold 536 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $48.20, for a total value of $25,835.20. Following the transaction, the executive vice president directly owned 48,301 shares in the company, valued at approximately $2,328,108.20. This represents a 1.10% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.35% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
ARE has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on Alexandria Real Estate Equities from $63.00 to $57.00 and set a “neutral” rating for the company in a report on Tuesday, March 10th. Royal Bank Of Canada reduced their price target on Alexandria Real Estate Equities from $60.00 to $50.00 and set a “sector perform” rating for the company in a report on Tuesday, May 5th. Wall Street Zen raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Deutsche Bank Aktiengesellschaft increased their price target on Alexandria Real Estate Equities from $53.00 to $55.00 and gave the company a “hold” rating in a report on Monday, February 2nd. Finally, BNP Paribas Exane reduced their price target on Alexandria Real Estate Equities from $50.00 to $44.00 and set an “underperform” rating for the company in a report on Tuesday, April 28th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $51.31.
Get Our Latest Analysis on Alexandria Real Estate Equities
Alexandria Real Estate Equities Profile
Alexandria Real Estate Equities, Inc (NYSE: ARE) is a real estate investment trust specializing in the ownership, development and management of collaborative life science and technology campuses. The company’s properties are designed to support research and innovation by providing specialized laboratory, office and manufacturing space tailored to biotechnology, pharmaceutical, academic and related industries.
Since its founding in 1994, Alexandria has cultivated a diversified portfolio of campuses across leading innovation clusters in North America and Europe.
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