GAMMA Investing LLC Makes New $127,000 Investment in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

GAMMA Investing LLC acquired a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,051 shares of the real estate investment trust’s stock, valued at approximately $127,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ARE. AE Wealth Management LLC purchased a new position in Alexandria Real Estate Equities in the third quarter worth $407,000. Exchange Traded Concepts LLC boosted its position in Alexandria Real Estate Equities by 5.0% in the third quarter. Exchange Traded Concepts LLC now owns 2,138 shares of the real estate investment trust’s stock worth $214,000 after purchasing an additional 102 shares during the last quarter. Czech National Bank boosted its position in Alexandria Real Estate Equities by 46.0% in the third quarter. Czech National Bank now owns 27,217 shares of the real estate investment trust’s stock worth $2,724,000 after purchasing an additional 8,579 shares during the last quarter. Handelsbanken Fonder AB boosted its position in Alexandria Real Estate Equities by 31.7% in the third quarter. Handelsbanken Fonder AB now owns 46,964 shares of the real estate investment trust’s stock worth $4,701,000 after purchasing an additional 11,297 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new position in shares of Alexandria Real Estate Equities during the 3rd quarter valued at $297,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Analyst Upgrades and Downgrades

ARE has been the topic of a number of recent research reports. JMP Securities reaffirmed a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. StockNews.com raised 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 set a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday. Deutsche Bank Aktiengesellschaft started coverage on Alexandria Real Estate Equities in a report on Tuesday, January 30th. They set a “buy” rating and a $140.00 price objective on the stock. Finally, Evercore ISI lowered their price target on shares of Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating on the stock in a report on Thursday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $136.75.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $116.24 on Friday. Alexandria Real Estate Equities, Inc. has a 12 month low of $90.73 and a 12 month high of $135.45. The stock has a market cap of $20.33 billion, a P/E ratio of 108.64, a P/E/G ratio of 2.68 and a beta of 1.05. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average of $122.98 and a 200 day moving average of $117.22.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of $2.29 by ($2.83). Alexandria Real Estate Equities had a net margin of 6.65% and a return on equity of 0.87%. The company had revenue of $757.22 million for the quarter, compared to the consensus estimate of $740.16 million. During the same quarter in the previous year, the firm earned $2.14 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.46 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business 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. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.08 annualized dividend and a yield of 4.37%. Alexandria Real Estate Equities’s payout ratio is presently 474.77%.

Insider Buying and Selling at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Monday, February 26th. The shares were 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 in the company, valued at $51,080,658.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Chairman Joel S. Marcus sold 7,500 shares of the business’s stock in a transaction that occurred on 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 directly owns 429,538 shares in the company, valued at approximately $51,080,658.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Peter M. Moglia sold 3,200 shares of the business’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 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 currently owned by company insiders.

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.