Financial Management Professionals Inc. Acquires 456 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Financial Management Professionals Inc. increased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) by 41.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,564 shares of the real estate investment trust’s stock after acquiring an additional 456 shares during the period. Financial Management Professionals Inc.’s holdings in Alexandria Real Estate Equities were worth $228,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Arkadios Wealth Advisors grew its holdings in shares of Alexandria Real Estate Equities by 4.4% in the fourth quarter. Arkadios Wealth Advisors now owns 1,730 shares of the real estate investment trust’s stock valued at $252,000 after acquiring an additional 73 shares in the last quarter. Moody National Bank Trust Division grew its holdings in shares of Alexandria Real Estate Equities by 10.8% in the fourth quarter. Moody National Bank Trust Division now owns 1,678 shares of the real estate investment trust’s stock valued at $244,000 after acquiring an additional 163 shares in the last quarter. Gradient Investments LLC bought a new position in shares of Alexandria Real Estate Equities in the fourth quarter valued at approximately $27,993,000. Wedmont Private Capital bought a new position in shares of Alexandria Real Estate Equities in the fourth quarter valued at approximately $304,000. Finally, Massmutual Trust Co. FSB ADV grew its holdings in shares of Alexandria Real Estate Equities by 23.4% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 3,007 shares of the real estate investment trust’s stock valued at $438,000 after acquiring an additional 571 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on ARE. Evercore ISI reduced their target price on Alexandria Real Estate Equities to $168.00 in a report on Friday, December 2nd. JMP Securities reiterated a “buy” rating and issued a $180.00 price objective on shares of Alexandria Real Estate Equities in a research note on Tuesday, January 31st. Mizuho upped their price objective on Alexandria Real Estate Equities from $178.00 to $180.00 and gave the company a “buy” rating in a research note on Monday, February 13th. Robert W. Baird upped their price objective on Alexandria Real Estate Equities from $162.00 to $174.00 and gave the company an “outperform” rating in a research note on Thursday, February 2nd. Finally, StockNews.com began coverage on Alexandria Real Estate Equities in a research note on Thursday. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $175.63.

Insider Buying and Selling

In related news, EVP Marc E. Binda sold 3,298 shares of Alexandria Real Estate Equities stock in a transaction on Monday, February 6th. The stock was sold at an average price of $167.21, for a total transaction of $551,458.58. Following the completion of the sale, the executive vice president now owns 67,005 shares of the company’s stock, valued at $11,203,906.05. 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 9,000 shares of Alexandria Real Estate Equities stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $168.00, for a total transaction of $1,512,000.00. Following the completion of the sale, the chairman now owns 388,729 shares of the company’s stock, valued at $65,306,472. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Marc E. Binda sold 3,298 shares of Alexandria Real Estate Equities stock in a transaction on Monday, February 6th. The shares were sold at an average price of $167.21, for a total value of $551,458.58. Following the sale, the executive vice president now directly owns 67,005 shares of the company’s stock, valued at approximately $11,203,906.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,101 shares of company stock worth $2,700,271. Corporate insiders own 0.96% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE:ARE traded down $3.22 during trading on Friday, hitting $120.87. 5,926,084 shares of the company were exchanged, compared to its average volume of 1,327,366. The company has a market cap of $20.92 billion, a PE ratio of 38.62, a P/E/G ratio of 1.80 and a beta of 0.95. The stock has a 50 day moving average of $152.74 and a 200 day moving average of $148.16. Alexandria Real Estate Equities, Inc. has a 52-week low of $118.48 and a 52-week high of $206.85. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.35 and a quick ratio of 0.35.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last posted its earnings results on Tuesday, January 31st. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.13 by ($1.82). The company had revenue of $670.28 million for the quarter, compared to analysts’ expectations of $674.21 million. Alexandria Real Estate Equities had a return on equity of 2.80% and a net margin of 20.15%. The company’s revenue was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.97 EPS. As a group, equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 8.95 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be given a dividend of $1.21 per share. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $4.84 annualized dividend and a dividend yield of 4.00%. Alexandria Real Estate Equities’s dividend payout ratio is currently 154.63%.

About Alexandria Real Estate Equities

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Alexandria Real Estate Equities, Inc engages in the business of providing space for lease. The firm is also an owner, operator, and developer of life science, agrotechnology, and technology campuses in Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.