Alexandria Real Estate Equities, Inc. (NYSE:ARE) Stock Holdings Raised by Wellington Management Group LLP

Wellington Management Group LLP lifted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 42.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,464 shares of the real estate investment trust’s stock after buying an additional 5,168 shares during the period. Wellington Management Group LLP’s holdings in Alexandria Real Estate Equities were worth $1,748,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ARE. Resurgent Financial Advisors LLC acquired a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth $38,000. Parkside Financial Bank & Trust raised its position in Alexandria Real Estate Equities by 61.7% during the third quarter. Parkside Financial Bank & Trust now owns 291 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 111 shares during the period. Clear Street Markets LLC raised its position in Alexandria Real Estate Equities by 104.6% during the first quarter. Clear Street Markets LLC now owns 309 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 158 shares during the period. Ronald Blue Trust Inc. raised its position in Alexandria Real Estate Equities by 142.5% during the third quarter. Ronald Blue Trust Inc. now owns 325 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 191 shares during the period. Finally, CENTRAL TRUST Co acquired a new position in Alexandria Real Estate Equities during the third quarter valued at $33,000. Institutional investors own 96.54% of the company’s stock.

Insiders Place Their Bets

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $118.92, for a total transaction of $891,900.00. Following the transaction, the chairman now owns 429,538 shares in the company, valued at $51,080,658.96. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Peter M. Moglia sold 3,200 shares of Alexandria Real Estate Equities stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $122.90, for a total transaction of $393,280.00. Following the transaction, the chief executive officer now owns 249,683 shares in the company, valued at approximately $30,686,040.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Joel S. Marcus sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $118.92, for a total value of $891,900.00. Following the transaction, the chairman now owns 429,538 shares in the company, valued at approximately $51,080,658.96. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Alexandria Real Estate Equities Trading Up 1.0 %

ARE stock opened at $128.91 on Friday. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $90.73 and a fifty-two week high of $135.45. The stock has a market capitalization of $22.55 billion, a price-to-earnings ratio of 238.73, a P/E/G ratio of 2.84 and a beta of 1.05. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.26 and a quick ratio of 0.26. The business has a fifty day moving average price of $122.23 and a 200 day moving average price of $114.51.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of $2.29 by ($2.83). Alexandria Real Estate Equities had a net margin of 3.59% and a return on equity of 0.46%. The firm had revenue of $757.22 million during the quarter, compared to the consensus estimate of $740.16 million. During the same quarter in the prior year, the business earned $2.14 EPS. Alexandria Real Estate Equities’s revenue was up 13.0% on a year-over-year basis. Analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend is Wednesday, March 27th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 940.76%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. JMP Securities reaffirmed a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Wedbush reaffirmed an “outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft began coverage on Alexandria Real Estate Equities in a research report on Tuesday, January 30th. They issued a “buy” rating and a $140.00 target price on the stock. Finally, Mizuho upped their target price 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. Two equities research 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 presently has an average rating of “Moderate Buy” and a consensus target price of $137.13.

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.