Simplicity Solutions LLC Makes New $208,000 Investment in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Simplicity Solutions LLC bought a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,640 shares of the real estate investment trust’s stock, valued at approximately $208,000.

A number of other hedge funds have also made changes to their positions in the stock. BlackRock Inc. increased its holdings in shares of Alexandria Real Estate Equities by 8.5% during the 1st quarter. BlackRock Inc. now owns 17,138,718 shares of the real estate investment trust’s stock valued at $2,152,452,000 after acquiring an additional 1,338,634 shares during the last quarter. Norges Bank acquired a new position in shares of Alexandria Real Estate Equities during the 4th quarter valued at about $2,277,135,000. State Street Corp increased its holdings in shares of Alexandria Real Estate Equities by 4.2% during the 1st quarter. State Street Corp now owns 10,640,279 shares of the real estate investment trust’s stock valued at $1,348,934,000 after acquiring an additional 424,932 shares during the last quarter. Geode Capital Management LLC boosted its stake in Alexandria Real Estate Equities by 7.3% during the 1st quarter. Geode Capital Management LLC now owns 3,604,252 shares of the real estate investment trust’s stock valued at $451,738,000 after purchasing an additional 245,322 shares during the period. Finally, Invesco Ltd. boosted its stake in Alexandria Real Estate Equities by 7.9% during the 3rd quarter. Invesco Ltd. now owns 2,654,089 shares of the real estate investment trust’s stock valued at $265,674,000 after purchasing an additional 194,651 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Insider Buying and Selling

In related 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 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 filing with the Securities & Exchange Commission, which is available through this link. In related news, Chairman Joel S. Marcus sold 7,500 shares of the firm’s stock in a transaction 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 sale, the chairman now directly owns 429,538 shares of the company’s stock, valued at approximately $51,080,658.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Peter M. Moglia sold 3,200 shares of the firm’s stock in a transaction 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 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. 1.15% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ARE. Deutsche Bank Aktiengesellschaft began coverage on Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They set a “buy” rating and a $140.00 target price for the company. StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Wedbush restated an “outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. JMP Securities restated a “market outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Finally, Mizuho increased their target price on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. 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, the company presently has an average rating of “Moderate Buy” and an average target price of $137.13.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock opened at $115.69 on Monday. The stock has a 50 day moving average of $122.81 and a two-hundred day moving average of $116.68. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50. Alexandria Real Estate Equities, Inc. has a 12 month low of $90.73 and a 12 month high of $135.45. The company has a market capitalization of $20.24 billion, a P/E ratio of 214.24, a P/E/G ratio of 2.64 and a beta of 1.05.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS 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 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%. Alexandria Real Estate Equities’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.14 EPS. As a group, equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced 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 was Wednesday, March 27th. This represents a $5.08 annualized dividend and a dividend yield of 4.39%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 940.76%.

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.