SouthState Corp Buys 500 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

SouthState Corp boosted its stake in Alexandria Real Estate Equities, Inc. (NYSE:AREGet Rating) by 12,500.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 504 shares of the real estate investment trust’s stock after acquiring an additional 500 shares during the quarter. SouthState Corp’s holdings in Alexandria Real Estate Equities were worth $102,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ARE. National Asset Management Inc. lifted its position in Alexandria Real Estate Equities by 18.7% in the 4th quarter. National Asset Management Inc. now owns 1,596 shares of the real estate investment trust’s stock valued at $356,000 after acquiring an additional 251 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Alexandria Real Estate Equities by 52.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 7,778 shares of the real estate investment trust’s stock worth $1,734,000 after buying an additional 2,670 shares in the last quarter. CWM LLC bought a new stake in Alexandria Real Estate Equities during the 4th quarter worth about $212,000. Ieq Capital LLC lifted its position in Alexandria Real Estate Equities by 24.2% during the 4th quarter. Ieq Capital LLC now owns 1,728 shares of the real estate investment trust’s stock worth $385,000 after buying an additional 337 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in Alexandria Real Estate Equities during the 4th quarter worth about $288,000. 94.49% of the stock is owned by institutional investors.

Insider Activity at Alexandria Real Estate Equities

In related news, CEO Stephen Richardson sold 5,000 shares of the company’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $171.47, for a total value of $857,350.00. Following the transaction, the chief executive officer now owns 175,602 shares in the company, valued at approximately $30,110,474.94. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Stephen Richardson sold 5,000 shares of the company’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $171.47, for a total value of $857,350.00. Following the transaction, the chief executive officer now owns 175,602 shares in the company, valued at approximately $30,110,474.94. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Maria C. Freire sold 2,311 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $163.04, for a total transaction of $376,785.44. Following the transaction, the director now owns 3,000 shares in the company, valued at approximately $489,120. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,105 shares of company stock worth $1,358,476. Insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ARE. Credit Suisse Group began coverage on shares of Alexandria Real Estate Equities in a research report on Wednesday, June 22nd. They set a “neutral” rating and a $140.00 price target on the stock. JMP Securities cut their price target on shares of Alexandria Real Estate Equities from $230.00 to $200.00 and set a “market outperform” rating on the stock in a research report on Wednesday, July 27th. Mizuho cut their price target on shares of Alexandria Real Estate Equities from $219.00 to $172.00 and set a “buy” rating on the stock in a research report on Thursday, June 23rd. Finally, StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of “Moderate Buy” and an average target price of $193.40.

Alexandria Real Estate Equities Stock Down 0.1 %

Alexandria Real Estate Equities stock opened at $159.78 on Friday. The firm has a market capitalization of $26.07 billion, a PE ratio of 86.37, a P/E/G ratio of 2.47 and a beta of 0.92. The company’s 50-day moving average is $149.34 and its 200-day moving average is $174.37. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $130.00 and a fifty-two week high of $224.95. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.23 and a quick ratio of 0.23.

Alexandria Real Estate Equities (NYSE:AREGet Rating) last released its quarterly earnings data on Monday, July 25th. The real estate investment trust reported $1.67 earnings per share for the quarter, topping the consensus estimate of $0.66 by $1.01. Alexandria Real Estate Equities had a net margin of 12.54% and a return on equity of 1.93%. The company had revenue of $643.80 million for the quarter, compared to analyst estimates of $633.13 million. During the same period in the previous year, the business earned $1.93 EPS. Alexandria Real Estate Equities’s revenue for the quarter was up 26.3% compared to the same quarter last year. Sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 8.4 earnings per share for the current year.

Alexandria Real Estate Equities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were paid a $1.18 dividend. The ex-dividend date was Wednesday, June 29th. This represents a $4.72 dividend on an annualized basis and a yield of 2.95%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.15. Alexandria Real Estate Equities’s dividend payout ratio is 255.14%.

About Alexandria Real Estate Equities

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Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> urban office real estate investment trust ("REIT"), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet ("SF").

See Also

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

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