Sumitomo Mitsui DS Asset Management Company Ltd Has $5.96 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,988 shares of the real estate investment trust’s stock after buying an additional 869 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Alexandria Real Estate Equities were worth $5,957,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Alexandria Real Estate Equities in the fourth quarter worth $6,506,000. Signaturefd LLC increased its position in shares of Alexandria Real Estate Equities by 149.5% during the fourth quarter. Signaturefd LLC now owns 3,014 shares of the real estate investment trust’s stock worth $382,000 after acquiring an additional 1,806 shares in the last quarter. Carmel Capital Partners LLC increased its position in shares of Alexandria Real Estate Equities by 28.4% during the fourth quarter. Carmel Capital Partners LLC now owns 2,841 shares of the real estate investment trust’s stock worth $360,000 after acquiring an additional 628 shares in the last quarter. Lindbrook Capital LLC increased its position in shares of Alexandria Real Estate Equities by 205.8% during the fourth quarter. Lindbrook Capital LLC now owns 948 shares of the real estate investment trust’s stock worth $120,000 after acquiring an additional 638 shares in the last quarter. Finally, abrdn plc increased its position in shares of Alexandria Real Estate Equities by 6.8% during the fourth quarter. abrdn plc now owns 308,522 shares of the real estate investment trust’s stock worth $39,111,000 after acquiring an additional 19,524 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alexandria Real Estate Equities

In other news, CEO Peter M. Moglia sold 3,200 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of Alexandria Real Estate Equities 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 completion of the sale, the chairman now owns 429,538 shares in the company, valued at approximately $51,080,658.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Peter M. Moglia sold 3,200 shares of Alexandria Real Estate Equities 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 completion of the sale, the chief executive officer now owns 249,683 shares of the company’s stock, valued at approximately $30,686,040.70. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by corporate insiders.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $115.69 on Monday. The firm has a 50-day moving average of $122.81 and a 200-day moving average of $116.68. Alexandria Real Estate Equities, Inc. has a one year low of $90.73 and a one year high of $135.45. The company has a market cap of $20.24 billion, a PE ratio of 214.24, a price-to-earnings-growth ratio of 2.64 and a beta of 1.05. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.26 and a quick ratio of 0.26.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported ($0.54) 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 firm had revenue of $757.22 million during the quarter, compared to the consensus estimate of $740.16 million. During the same period last year, the business earned $2.14 EPS. The business’s revenue was up 13.0% on a year-over-year basis. As a group, equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share 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. Stockholders of record on Thursday, March 28th were paid a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date was Wednesday, March 27th. Alexandria Real Estate Equities’s dividend payout ratio is presently 940.76%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ARE shares. JMP Securities reissued a “market outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft started coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday, January 30th. They set a “buy” rating and a $140.00 price objective for the company. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. 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, Mizuho raised their target price on shares of 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. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $137.13.

About Alexandria Real Estate Equities

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.