Chevy Chase Trust Holdings LLC Sells 168 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Chevy Chase Trust Holdings LLC decreased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,366 shares of the real estate investment trust’s stock after selling 168 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Alexandria Real Estate Equities worth $11,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Arizona State Retirement System increased its stake in Alexandria Real Estate Equities by 0.7% in the 4th quarter. Arizona State Retirement System now owns 45,178 shares of the real estate investment trust’s stock worth $5,727,000 after acquiring an additional 336 shares during the last quarter. Ballentine Partners LLC bought a new stake in Alexandria Real Estate Equities in the 4th quarter worth approximately $228,000. Oak Thistle LLC bought a new stake in Alexandria Real Estate Equities in the 4th quarter worth approximately $417,000. Cigna Investments Inc. New bought a new stake in Alexandria Real Estate Equities in the 4th quarter worth approximately $230,000. Finally, Fifth Third Bancorp increased its stake in Alexandria Real Estate Equities by 2.3% in the 4th quarter. Fifth Third Bancorp now owns 13,480 shares of the real estate investment trust’s stock worth $1,709,000 after acquiring an additional 298 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ARE shares. Deutsche Bank Aktiengesellschaft started coverage on Alexandria Real Estate Equities in a report on Tuesday, January 30th. They issued a “buy” rating and a $140.00 target price for the company. Mizuho lifted their target price on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Wedbush reiterated an “outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Finally, JMP Securities reiterated a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of “Moderate Buy” and a consensus target price of $137.13.

Alexandria Real Estate Equities Price Performance

ARE opened at $124.58 on Monday. The business has a fifty day moving average of $122.60 and a 200 day moving average of $115.16. Alexandria Real Estate Equities, Inc. has a 52-week low of $90.73 and a 52-week high of $135.45. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.50. The stock has a market cap of $21.80 billion, a P/E ratio of 230.71, a PEG ratio of 2.85 and a beta of 1.05.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $757.22 million for the quarter, compared to analysts’ expectations of $740.16 million. During the same quarter in the previous year, the firm earned $2.14 EPS. Alexandria Real Estate Equities’s revenue was up 13.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The company 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 $1.27 dividend. This represents a $5.08 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend is Wednesday, March 27th. Alexandria Real Estate Equities’s dividend payout ratio is 940.76%.

Insiders Place Their Bets

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

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.