Wedmont Private Capital Acquires New Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Wedmont Private Capital bought a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) during the fourth quarter, Holdings Channel.com reports. The fund bought 2,063 shares of the real estate investment trust’s stock, valued at approximately $304,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ARE. Ronald Blue Trust Inc. bought a new stake in Alexandria Real Estate Equities during the 2nd quarter valued at $25,000. Guardian Wealth Advisors LLC bought a new position in shares of Alexandria Real Estate Equities in the third quarter worth $36,000. First Horizon Advisors Inc. increased its stake in Alexandria Real Estate Equities by 96.9% in the third quarter. First Horizon Advisors Inc. now owns 254 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 125 shares during the last quarter. Private Trust Co. NA bought a new position in Alexandria Real Estate Equities in the second quarter valued at $43,000. Finally, Parkside Financial Bank & Trust increased its stake in Alexandria Real Estate Equities by 93.8% in the third quarter. Parkside Financial Bank & Trust now owns 310 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Joel S. Marcus sold 9,000 shares of the stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $168.00, for a total value of $1,512,000.00. Following the completion of the transaction, the chairman now directly owns 388,729 shares of the company’s stock, valued at $65,306,472. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Alexandria Real Estate Equities news, Director Hunter Kass sold 3,803 shares of the firm’s stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $167.45, for a total transaction of $636,812.35. Following the completion of the transaction, the director now owns 87,850 shares of the company’s stock, valued at $14,710,482.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Joel S. Marcus sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $168.00, for a total transaction of $1,512,000.00. Following the transaction, the chairman now directly owns 388,729 shares of the company’s stock, valued at approximately $65,306,472. The disclosure for this sale can be found here. Insiders sold a total of 16,101 shares of company stock valued at $2,700,271 over the last three months. Corporate insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ARE shares. Evercore ISI cut their price target on shares of Alexandria Real Estate Equities to $168.00 in a research report on Friday, December 2nd. StockNews.com started coverage on shares of Alexandria Real Estate Equities in a research report on Thursday. They set a “hold” rating for the company. Mizuho upped their price target on shares of Alexandria Real Estate Equities from $178.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, February 13th. Robert W. Baird upped their price target on shares of Alexandria Real Estate Equities from $162.00 to $174.00 and gave the company an “outperform” rating in a research report on Thursday, February 2nd. Finally, JMP Securities restated a “buy” rating and set a $180.00 price target on shares of Alexandria Real Estate Equities in a research report on Tuesday, January 31st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $175.63.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock opened at $120.87 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average of $152.74 and a 200-day moving average of $148.16. The firm has a market cap of $20.92 billion, a P/E ratio of 38.62, a P/E/G ratio of 1.84 and a beta of 0.95. Alexandria Real Estate Equities, Inc. has a 1-year low of $118.48 and a 1-year high of $206.85.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last posted its earnings results on Tuesday, January 31st. The real estate investment trust reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $2.13 by ($1.82). The firm had revenue of $670.28 million for the quarter, compared to analysts’ expectations of $674.21 million. Alexandria Real Estate Equities had a return on equity of 2.80% and a net margin of 20.15%. The business’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.97 earnings per share. Sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 8.95 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 31st will be issued a dividend of $1.21 per share. The ex-dividend date is Thursday, March 30th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 4.00%. Alexandria Real Estate Equities’s dividend payout ratio is currently 154.63%.

About Alexandria Real Estate Equities

(Get Rating)

Alexandria Real Estate Equities, Inc engages in the business of providing space for lease. The firm is also an owner, operator, and developer of life science, agrotechnology, and technology campuses in Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.