HighTower Advisors LLC Boosts Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

HighTower Advisors LLC grew its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:AREFree Report) by 1,615.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 181,080 shares of the real estate investment trust’s stock after acquiring an additional 170,523 shares during the period. HighTower Advisors LLC owned about 0.10% of Alexandria Real Estate Equities worth $18,293,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Gravity Asset Management Inc. acquired a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter valued at approximately $454,000. Resurgent Financial Advisors LLC acquired a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at approximately $38,000. Clear Street Markets LLC lifted its position in shares of Alexandria Real Estate Equities by 104.6% during the 1st quarter. Clear Street Markets LLC now owns 309 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 158 shares during the period. Ronald Blue Trust Inc. lifted its position in shares of Alexandria Real Estate Equities by 142.5% during the 3rd quarter. Ronald Blue Trust Inc. now owns 325 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 191 shares during the period. Finally, CENTRAL TRUST Co acquired a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter valued at approximately $33,000. 86.36% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Down 1.4 %

ARE stock opened at $116.20 on Monday. The stock has a market capitalization of $20.33 billion, a P/E ratio of 215.19, a PEG ratio of 2.33 and a beta of 1.06. 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 one year low of $90.73 and a one year high of $167.33. The company has a 50 day moving average price of $124.41 and a two-hundred day moving average price of $113.57.

Alexandria Real Estate Equities (NYSE:AREGet Free Report) 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 analysts’ expectations of $740.16 million. Alexandria Real Estate Equities had a return on equity of 0.46% and a net margin of 3.59%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.14 earnings per share. As a group, sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.46 EPS for the current year.

Alexandria Real Estate Equities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were paid a $1.27 dividend. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.24. This represents a $5.08 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend was Thursday, December 28th. Alexandria Real Estate Equities’s payout ratio is presently 940.74%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Wedbush reissued an “outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. JMP Securities reissued a “market outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They set a “buy” rating and a $140.00 price objective for the company. Finally, Mizuho raised their price objective on shares of Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.13.

Read Our Latest Research Report on Alexandria Real Estate Equities

Insider Buying and Selling at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, EVP Madeleine Thorp Alsbrook sold 4,854 shares of Alexandria Real Estate Equities stock in a transaction on Monday, December 4th. The shares were sold at an average price of $119.55, for a total value of $580,295.70. Following the transaction, the executive vice president now owns 19,740 shares in the company, valued at approximately $2,359,917. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Alexandria Real Estate Equities news, insider Daniel J. Ryan sold 10,000 shares of Alexandria Real Estate Equities stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $118.07, for a total value of $1,180,700.00. Following the transaction, the insider now owns 166,308 shares in the company, valued at approximately $19,635,985.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Madeleine Thorp Alsbrook sold 4,854 shares of Alexandria Real Estate Equities stock in a transaction on Monday, December 4th. The shares were sold at an average price of $119.55, for a total transaction of $580,295.70. Following the completion of the transaction, the executive vice president now owns 19,740 shares in the company, valued at approximately $2,359,917. The disclosure for this sale can be found here. Insiders have sold a total of 17,354 shares of company stock worth $2,053,571 in the last quarter. 1.60% of the stock is owned by insiders.

Alexandria Real Estate Equities Company Profile

(Free Report)

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.

Further Reading

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

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