Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Acquired by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 19.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 968,302 shares of the real estate investment trust’s stock after acquiring an additional 154,958 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.56% of Alexandria Real Estate Equities worth $122,752,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Mutual of America Capital Management LLC grew its position in shares of Alexandria Real Estate Equities by 24.7% during the fourth 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 in the last quarter. Whittier Trust Co. grew its holdings in Alexandria Real Estate Equities by 36.0% during the 4th quarter. Whittier Trust Co. now owns 75,337 shares of the real estate investment trust’s stock worth $9,550,000 after acquiring an additional 19,931 shares in the last quarter. Tobam increased its position in shares of Alexandria Real Estate Equities by 87.3% in the 4th 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 last quarter. SG Americas Securities LLC raised its holdings in shares of Alexandria Real Estate Equities by 204.3% in the 4th 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 in the last quarter. Finally, Lasalle Investment Management Securities LLC lifted its position in shares of Alexandria Real Estate Equities by 7.5% during the 3rd quarter. Lasalle Investment Management Securities LLC now owns 386,916 shares of the real estate investment trust’s stock worth $38,730,000 after purchasing an additional 26,885 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

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

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

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date was Wednesday, March 27th. Alexandria Real Estate Equities’s payout ratio is currently 940.76%.

Wall Street Analyst Weigh In

Several research firms recently commented on ARE. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. JMP Securities reaffirmed a “market outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Mizuho boosted 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 report on Wednesday, January 3rd. 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. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday, January 30th. They issued a “buy” rating and a $140.00 price target for the company. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.13.

Insider Buying and Selling

In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 3,200 shares of the stock in a transaction 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 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 this link. In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of the company’s 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 directly owns 429,538 shares in the company, valued at approximately $51,080,658.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Peter M. Moglia sold 3,200 shares of the firm’s 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 sale, the chief executive officer now directly owns 249,683 shares in the company, 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 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.