Park Avenue Securities LLC Acquires New Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Park Avenue Securities LLC acquired a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:AREGet Rating) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,098 shares of the real estate investment trust’s stock, valued at approximately $294,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Jennison Associates LLC lifted its holdings in Alexandria Real Estate Equities by 17.6% during the 3rd quarter. Jennison Associates LLC now owns 404,876 shares of the real estate investment trust’s stock valued at $56,760,000 after buying an additional 60,735 shares in the last quarter. Assetmark Inc. increased its position in Alexandria Real Estate Equities by 6.9% during the 3rd quarter. Assetmark Inc. now owns 10,936 shares of the real estate investment trust’s stock valued at $1,533,000 after purchasing an additional 704 shares during the period. Avalon Investment & Advisory increased its position in Alexandria Real Estate Equities by 2.1% during the 3rd quarter. Avalon Investment & Advisory now owns 103,409 shares of the real estate investment trust’s stock valued at $14,497,000 after purchasing an additional 2,125 shares during the period. M&G Investment Management Ltd. increased its position in Alexandria Real Estate Equities by 112.9% during the 3rd quarter. M&G Investment Management Ltd. now owns 912,269 shares of the real estate investment trust’s stock valued at $127,718,000 after purchasing an additional 483,845 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Alexandria Real Estate Equities by 9.0% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 165,051 shares of the real estate investment trust’s stock valued at $23,138,000 after purchasing an additional 13,649 shares during the period. Institutional investors own 89.81% of the company’s stock.

Alexandria Real Estate Equities Stock Up 1.7 %

NYSE:ARE opened at $157.04 on Monday. The company has a market cap of $25.77 billion, a PE ratio of 47.73, a P/E/G ratio of 2.28 and a beta of 0.91. Alexandria Real Estate Equities, Inc. has a twelve month low of $126.74 and a twelve month high of $206.85. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.50. The company’s 50 day moving average is $149.63 and its two-hundred day moving average is $149.29.

Alexandria Real Estate Equities (NYSE:AREGet Rating) last released its earnings results on Tuesday, October 25th. The real estate investment trust reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.12 by ($0.01). The company had revenue of $659.90 million for the quarter, compared to analysts’ expectations of $657.48 million. Alexandria Real Estate Equities had a return on equity of 3.03% and a net margin of 21.73%. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.95 EPS. Analysts anticipate that Alexandria Real Estate Equities, Inc. will post 8.41 EPS for the current year.

Alexandria Real Estate Equities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were given a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 3.08%. The ex-dividend date was Thursday, December 29th. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.18. Alexandria Real Estate Equities’s payout ratio is currently 147.11%.

Insiders Place Their Bets

In other Alexandria Real Estate Equities news, insider Vincent Ciruzzi sold 6,998 shares of the business’s stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $150.76, for a total transaction of $1,055,018.48. Following the sale, the insider now owns 39,806 shares of the company’s stock, valued at approximately $6,001,152.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 2,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $151.89, for a total transaction of $303,780.00. Following the completion of the sale, the chief executive officer now directly owns 167,099 shares in the company, valued at approximately $25,380,667.11. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Vincent Ciruzzi sold 6,998 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $150.76, for a total transaction of $1,055,018.48. Following the sale, the insider now owns 39,806 shares of the company’s stock, valued at $6,001,152.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,253 shares of company stock valued at $5,179,946. Insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ARE shares. StockNews.com started coverage on shares of Alexandria Real Estate Equities in a research report on Wednesday, October 12th. They set a “sell” rating on the stock. Evercore ISI cut their target price on shares of Alexandria Real Estate Equities to $168.00 in a research report on Friday, December 2nd. BTIG Research cut their price objective on shares of Alexandria Real Estate Equities from $233.00 to $186.00 in a research report on Wednesday, October 19th. Robert W. Baird lifted their price objective on shares of Alexandria Real Estate Equities from $151.00 to $162.00 in a research report on Friday, December 2nd. Finally, JMP Securities reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Alexandria Real Estate Equities in a research report on Thursday, October 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.43.

Alexandria Real Estate Equities Company Profile

(Get Rating)

Alexandria Real Estate Equities, Inc is an urban office real estate investment trust. The firm engages in the ownership, operation, development, and redevelopment of life science and technology properties. It also provides a space for lease to the life science and technology industries, which are primarily located in AAA urban innovation cluster locations.

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

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