Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Purchased by Janiczek Wealth Management LLC

Janiczek Wealth Management LLC grew its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 429.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 376 shares of the real estate investment trust’s stock after purchasing an additional 305 shares during the quarter. Janiczek Wealth Management LLC’s holdings in Alexandria Real Estate Equities were worth $48,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. lifted its position in Alexandria Real Estate Equities by 8.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 4,377 shares of the real estate investment trust’s stock worth $881,000 after buying an additional 348 shares during the period. American Century Companies Inc. lifted its position in Alexandria Real Estate Equities by 242.4% during the first quarter. American Century Companies Inc. now owns 4,499 shares of the real estate investment trust’s stock worth $906,000 after buying an additional 3,185 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in Alexandria Real Estate Equities by 14.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,753 shares of the real estate investment trust’s stock worth $957,000 after buying an additional 598 shares during the period. HighTower Advisors LLC lifted its position in Alexandria Real Estate Equities by 11.7% during the first quarter. HighTower Advisors LLC now owns 5,903 shares of the real estate investment trust’s stock worth $1,187,000 after buying an additional 620 shares during the period. Finally, Cetera Advisor Networks LLC lifted its position in Alexandria Real Estate Equities by 7.3% during the first quarter. Cetera Advisor Networks LLC now owns 1,086 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 74 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

ARE stock opened at $121.84 on Friday. 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 1 year low of $90.73 and a 1 year high of $135.45. The firm has a market cap of $21.32 billion, a P/E ratio of 225.63, a price-to-earnings-growth ratio of 2.83 and a beta of 1.05. The stock has a 50-day simple moving average of $122.85 and a 200-day simple moving average of $115.91.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results 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 company had revenue of $757.22 million during the quarter, compared to analyst estimates of $740.16 million. During the same quarter last year, the business posted $2.14 EPS. Alexandria Real Estate Equities’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be paid a dividend of $1.27 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $5.08 dividend on an annualized basis and a yield of 4.17%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 940.76%.

Insider Buying and Selling at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 3,200 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $122.90, for a total transaction of $393,280.00. Following the completion of the sale, the chief executive officer now owns 249,683 shares in the company, valued at approximately $30,686,040.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $51,080,658.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Peter M. Moglia sold 3,200 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 249,683 shares in the company, valued at approximately $30,686,040.70. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ARE shares. JMP Securities restated a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft started coverage on Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They set a “buy” rating and a $140.00 price target for the company. Wedbush restated an “outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Mizuho upped their price target on 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. Finally, StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.13.

Alexandria Real Estate Equities Company 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.