Mutual of America Capital Management LLC Purchases 8,555 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Mutual of America Capital Management LLC boosted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 24.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 43,196 shares of the real estate investment trust’s stock after buying an additional 8,555 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Alexandria Real Estate Equities were worth $5,476,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC bought a new position in Alexandria Real Estate Equities in the fourth quarter valued at about $403,000. Tobam lifted its stake in Alexandria Real Estate Equities by 87.3% in the fourth quarter. Tobam now owns 1,103 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 514 shares during the period. HBK Sorce Advisory LLC lifted its stake in Alexandria Real Estate Equities by 7.0% in the fourth quarter. HBK Sorce Advisory LLC now owns 6,516 shares of the real estate investment trust’s stock valued at $826,000 after buying an additional 424 shares during the period. Bleakley Financial Group LLC acquired a new position in Alexandria Real Estate Equities in the fourth quarter valued at about $208,000. Finally, First Merchants Corp lifted its stake in Alexandria Real Estate Equities by 8.3% in the fourth quarter. First Merchants Corp now owns 12,594 shares of the real estate investment trust’s stock valued at $1,596,000 after buying an additional 963 shares during the period. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Down 1.7 %

NYSE ARE opened at $121.84 on Friday. The stock has a market capitalization of $21.32 billion, a price-to-earnings ratio of 225.63, a PEG ratio of 2.83 and a beta of 1.05. The stock’s 50 day moving average price is $122.85 and its two-hundred day moving average price is $115.91. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.26 and a current ratio of 0.26. Alexandria Real Estate Equities, Inc. has a 52 week low of $90.73 and a 52 week high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS for the quarter, missing the consensus estimate of $2.29 by ($2.83). The firm had revenue of $757.22 million during the quarter, compared to the consensus estimate of $740.16 million. Alexandria Real Estate Equities had a net margin of 3.59% and a return on equity of 0.46%. The company’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.14 EPS. As a group, analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be paid a $1.27 dividend. This represents a $5.08 annualized dividend and a yield of 4.17%. The ex-dividend date is Wednesday, March 27th. Alexandria Real Estate Equities’s payout ratio is 940.76%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. JMP Securities reissued a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft assumed coverage on Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They issued a “buy” rating and a $140.00 target price on the stock. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. 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, January 31st. Finally, Mizuho raised their price target on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $137.13.

Insiders Place Their Bets

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 transaction of $393,280.00. Following the transaction, the chief executive officer now 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 Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman Joel S. Marcus sold 7,500 shares of the business’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 transaction, the chairman now directly owns 429,538 shares of the company’s stock, valued at approximately $51,080,658.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, 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. Insiders own 1.60% of the company’s stock.

Alexandria Real Estate Equities 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.