Amica Mutual Insurance Co. Trims Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Amica Mutual Insurance Co. lowered its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 50.8% in the fourth quarter, Holdings Channel reports. The firm owned 9,466 shares of the real estate investment trust’s stock after selling 9,765 shares during the quarter. Amica Mutual Insurance Co.’s holdings in Alexandria Real Estate Equities were worth $1,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. AE Wealth Management LLC purchased a new stake in shares of Alexandria Real Estate Equities during the third quarter worth approximately $407,000. Exchange Traded Concepts LLC raised its position in Alexandria Real Estate Equities by 5.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 2,138 shares of the real estate investment trust’s stock worth $214,000 after buying an additional 102 shares during the last quarter. Czech National Bank lifted its stake in shares of Alexandria Real Estate Equities by 46.0% in the 3rd quarter. Czech National Bank now owns 27,217 shares of the real estate investment trust’s stock worth $2,724,000 after acquiring an additional 8,579 shares during the period. Handelsbanken Fonder AB boosted its holdings in shares of 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 valued at $4,701,000 after acquiring an additional 11,297 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new position in shares of Alexandria Real Estate Equities during the third quarter worth about $297,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on ARE. Deutsche Bank Aktiengesellschaft started coverage on Alexandria Real Estate Equities in a research report on Tuesday, January 30th. They set a “buy” rating and a $140.00 target price on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Mizuho increased their price objective on 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. Wedbush restated an “outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 24th. Finally, StockNews.com upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of “Moderate Buy” and a consensus price target of $136.75.

Alexandria Real Estate Equities Price Performance

NYSE ARE traded up $2.91 during trading hours on Monday, reaching $119.15. The company’s stock had a trading volume of 700,185 shares, compared to its average volume of 1,001,019. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a market cap of $20.84 billion, a PE ratio of 111.36, a PEG ratio of 2.66 and a beta of 1.05. The company’s 50-day moving average is $122.97 and its two-hundred day moving average is $117.48. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $90.73 and a fifty-two week high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of $2.29 by ($2.83). Alexandria Real Estate Equities had a return on equity of 0.87% and a net margin of 6.65%. The business had revenue of $757.22 million for the quarter, compared to analysts’ expectations of $740.16 million. During the same period last year, the business earned $2.14 earnings per share. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. Analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.46 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $1.27 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.26%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 474.77%.

Insider Activity

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

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.