2,885 Shares in Alexandria Real Estate Equities, Inc. (NYSE:ARE) Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. purchased a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 2,885 shares of the real estate investment trust’s stock, valued at approximately $366,000.

Other institutional investors also recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC increased its position in Alexandria Real Estate Equities by 24.7% in the 4th quarter. Mutual of America Capital Management LLC now owns 43,196 shares of the real estate investment trust’s stock worth $5,476,000 after buying an additional 8,555 shares during the period. Whittier Trust Co. increased its position in shares of Alexandria Real Estate Equities by 36.0% during the fourth quarter. Whittier Trust Co. now owns 75,337 shares of the real estate investment trust’s stock valued at $9,550,000 after purchasing an additional 19,931 shares during the period. Tobam increased its position in shares of Alexandria Real Estate Equities by 87.3% during the fourth quarter. Tobam now owns 1,103 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 514 shares during the period. SG Americas Securities LLC increased its position in shares of Alexandria Real Estate Equities by 204.3% during the fourth quarter. SG Americas Securities LLC now owns 17,866 shares of the real estate investment trust’s stock valued at $2,265,000 after purchasing an additional 11,994 shares during the period. Finally, Lasalle Investment Management Securities LLC increased its position in shares of Alexandria Real Estate Equities by 7.5% during the third quarter. Lasalle Investment Management Securities LLC now owns 386,916 shares of the real estate investment trust’s stock valued at $38,730,000 after purchasing an additional 26,885 shares during the period. 96.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Alexandria Real Estate Equities Stock Down 2.2 %

NYSE:ARE opened at $119.18 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market cap of $20.85 billion, a PE ratio of 220.71, a PEG ratio of 2.79 and a beta of 1.05. Alexandria Real Estate Equities, Inc. has a 52-week low of $90.73 and a 52-week high of $135.45. The stock has a 50-day simple moving average of $122.87 and a 200 day simple moving average of $116.17.

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). The firm had revenue of $757.22 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.14 earnings per share. On average, sell-side 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 declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $1.27 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.08 annualized dividend and a yield of 4.26%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 940.76%.

Insider Activity at Alexandria Real Estate Equities

In related 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 completion of the transaction, the chairman now directly owns 429,538 shares of the company’s stock, valued at $51,080,658.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related 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 completion of the transaction, the chairman now directly owns 429,538 shares of the company’s stock, valued at $51,080,658.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Peter M. Moglia sold 3,200 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $122.90, for a total value of $393,280.00. Following the completion of the sale, the chief executive officer now directly owns 249,683 shares of the company’s stock, valued at $30,686,040.70. The disclosure for this sale can be found here. Insiders own 1.15% of the company’s stock.

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.