Russell Investments Group Ltd. Boosts Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Russell Investments Group Ltd. boosted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 55.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 307,269 shares of the real estate investment trust’s stock after purchasing an additional 109,348 shares during the quarter. Russell Investments Group Ltd.’s holdings in Alexandria Real Estate Equities were worth $38,957,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Motley Fool Wealth Management LLC increased its holdings in shares of Alexandria Real Estate Equities by 1.1% in the 4th quarter. Motley Fool Wealth Management LLC now owns 70,902 shares of the real estate investment trust’s stock valued at $8,996,000 after acquiring an additional 799 shares during the last quarter. Addison Advisors LLC boosted its position in Alexandria Real Estate Equities by 46.0% during the 4th quarter. Addison Advisors LLC now owns 679 shares of the real estate investment trust’s stock worth $86,000 after acquiring an additional 214 shares during the period. Aew Capital Management L P boosted its position in Alexandria Real Estate Equities by 22.5% during the 4th quarter. Aew Capital Management L P now owns 425,570 shares of the real estate investment trust’s stock worth $53,950,000 after acquiring an additional 78,240 shares during the period. Kovack Advisors Inc. acquired a new position in Alexandria Real Estate Equities during the 4th quarter worth $495,000. Finally, Callan Capital LLC boosted its position in Alexandria Real Estate Equities by 1.7% during the 4th quarter. Callan Capital LLC now owns 9,394 shares of the real estate investment trust’s stock worth $1,191,000 after acquiring an additional 159 shares during the period. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Mizuho boosted 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. StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Evercore ISI reduced their price target 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. Deutsche Bank Aktiengesellschaft assumed coverage on Alexandria Real Estate Equities in a research report on Tuesday, January 30th. They set a “buy” rating and a $140.00 price target for the company. Finally, Wedbush reiterated 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. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.75.

Insider Transactions at Alexandria Real Estate Equities

In other news, Chairman Joel S. Marcus sold 7,500 shares of the business’s stock in a transaction 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 sale, 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 Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Chairman Joel S. Marcus sold 7,500 shares of the business’s stock in a transaction 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 sale, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Peter M. Moglia sold 3,200 shares of the business’s stock in a transaction 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 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 insiders.

Alexandria Real Estate Equities Trading Up 2.5 %

Shares of Alexandria Real Estate Equities stock opened at $119.15 on Tuesday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.54. The firm has a market cap of $20.84 billion, a price-to-earnings ratio of 111.36, a price-to-earnings-growth ratio of 2.66 and a beta of 1.05. The business has a fifty day simple moving average of $122.97 and a 200-day simple moving average of $117.48. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $90.73 and a fifty-two week high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share 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 analyst estimates of $740.16 million. Alexandria Real Estate Equities had a net margin of 6.65% and a return on equity of 0.87%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.14 EPS. On average, equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.46 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend was Wednesday, March 27th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 474.77%.

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.