Aew Capital Management L P Acquires 78,240 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Aew Capital Management L P raised its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 22.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 425,570 shares of the real estate investment trust’s stock after purchasing an additional 78,240 shares during the period. Alexandria Real Estate Equities accounts for 2.0% of Aew Capital Management L P’s portfolio, making the stock its 19th largest position. Aew Capital Management L P owned approximately 0.24% of Alexandria Real Estate Equities worth $53,950,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jennison Associates LLC increased its position in shares of Alexandria Real Estate Equities by 180.3% during the fourth quarter. Jennison Associates LLC now owns 1,010,943 shares of the real estate investment trust’s stock valued at $128,157,000 after acquiring an additional 650,248 shares in the last quarter. Ceredex Value Advisors LLC bought a new stake in shares of Alexandria Real Estate Equities during the fourth quarter valued at approximately $36,223,000. Schroder Investment Management Group increased its position in shares of Alexandria Real Estate Equities by 87.9% during the third quarter. Schroder Investment Management Group now owns 597,708 shares of the real estate investment trust’s stock valued at $59,831,000 after acquiring an additional 279,649 shares in the last quarter. Senvest Management LLC bought a new stake in shares of Alexandria Real Estate Equities during the third quarter valued at approximately $26,604,000. Finally, Invesco Ltd. increased its position in shares of Alexandria Real Estate Equities by 7.9% during the third quarter. Invesco Ltd. now owns 2,654,089 shares of the real estate investment trust’s stock valued at $265,674,000 after acquiring an additional 194,651 shares in the last quarter. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Down 0.9 %

Shares of Alexandria Real Estate Equities stock traded down $1.07 during trading on Friday, hitting $116.23. The stock had a trading volume of 888,255 shares, compared to its average volume of 1,004,676. The firm’s fifty day simple moving average is $122.98 and its 200-day simple moving average is $117.10. The stock has a market cap of $20.33 billion, a PE ratio of 108.63, a PEG ratio of 2.74 and a beta of 1.05. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.30 and a quick ratio of 0.26. Alexandria Real Estate Equities, Inc. has a 12 month low of $90.73 and a 12 month high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last released 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). The firm had revenue of $757.22 million during the quarter, compared to the consensus estimate of $740.16 million. Alexandria Real Estate Equities had a return on equity of 0.87% and a net margin of 6.65%. Alexandria Real Estate Equities’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.14 EPS. As a group, sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.46 EPS 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 4.37%. The ex-dividend date was Wednesday, March 27th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 474.77%.

Insider Buying and Selling at Alexandria Real Estate Equities

In other news, CEO Peter M. Moglia sold 3,200 shares of Alexandria Real Estate Equities stock in a transaction that occurred 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 transaction, the chief executive officer now owns 249,683 shares of the company’s stock, valued at approximately $30,686,040.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 3,200 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were 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 of the company’s stock, valued at approximately $30,686,040.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Joel S. Marcus sold 7,500 shares of the business’s stock in a transaction that occurred 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 sale, the chairman now directly owns 429,538 shares in the company, valued at approximately $51,080,658.96. The disclosure for this sale can be found here. Insiders own 1.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ARE. 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. Mizuho lifted their target price 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. JMP Securities reaffirmed a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Evercore ISI cut their target price on shares of Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, 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. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $136.75.

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.