Simplicity Solutions LLC increased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 19.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,070 shares of the real estate investment trust’s stock after purchasing an additional 333 shares during the period. Simplicity Solutions LLC’s holdings in Alexandria Real Estate Equities were worth $260,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its holdings in shares of Alexandria Real Estate Equities by 107.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 253 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 131 shares during the last quarter. Resurgent Financial Advisors LLC acquired a new position in Alexandria Real Estate Equities during the 4th quarter valued at $38,000. Addison Advisors LLC boosted its holdings in Alexandria Real Estate Equities by 94.8% in the 4th quarter. Addison Advisors LLC now owns 298 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 145 shares during the period. HM Payson & Co. grew its position in Alexandria Real Estate Equities by 100.0% in the 1st quarter. HM Payson & Co. now owns 400 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 200 shares during the last quarter. Finally, Ronald Blue Trust Inc. increased its holdings in shares of Alexandria Real Estate Equities by 192.8% during the 4th quarter. Ronald Blue Trust Inc. now owns 448 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 295 shares during the period. Institutional investors own 85.60% of the company’s stock.
Insider Buying and Selling
In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction on Monday, May 8th. The stock was sold at an average price of $122.20, for a total value of $916,500.00. Following the completion of the transaction, the chairman now owns 351,354 shares in the company, valued at approximately $42,935,458.80. The sale was disclosed in a filing with the SEC, which is available on the SEC website. 1.60% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on ARE. Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a research note on Thursday. They issued a “buy” rating and a $142.00 target price for the company. StockNews.com lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. Evercore ISI cut their target price on Alexandria Real Estate Equities from $141.00 to $137.00 in a research note on Monday, July 3rd. Royal Bank of Canada decreased their price target on shares of Alexandria Real Estate Equities from $198.00 to $166.00 in a research note on Thursday, May 4th. Finally, Mizuho dropped their price objective on shares of Alexandria Real Estate Equities from $180.00 to $145.00 in a research note on Monday, April 24th. One investment analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.38.
Alexandria Real Estate Equities Stock Up 1.6 %
ARE opened at $123.23 on Monday. The firm has a market cap of $21.32 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 1.42 and a beta of 0.92. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.53. The firm’s 50-day simple moving average is $116.63 and its 200-day simple moving average is $131.27. Alexandria Real Estate Equities, Inc. has a twelve month low of $108.81 and a twelve month high of $172.65.
Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last released its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($1.71). The firm had revenue of $700.80 million during the quarter, compared to analyst estimates of $686.70 million. Alexandria Real Estate Equities had a net margin of 28.01% and a return on equity of 3.77%. Alexandria Real Estate Equities’ quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.05 earnings per share. Equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 8.95 EPS for the current fiscal year.
Alexandria Real Estate Equities Increases Dividends
The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a $1.24 dividend. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.21. This represents a $4.96 annualized dividend and a dividend yield of 4.02%. The ex-dividend date was Thursday, June 29th. Alexandria Real Estate Equities’s payout ratio is presently 109.49%.
Alexandria Real Estate Equities Company Profile
(Free Report)
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 its founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.
Featured Stories
Want to see what other hedge funds are holding ARE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report).
Receive News & Ratings for Alexandria Real Estate Equities Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Alexandria Real Estate Equities and related companies with MarketBeat.com’s FREE daily email newsletter.