Bleakley Financial Group LLC Invests $208,000 in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Bleakley Financial Group LLC acquired a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,640 shares of the real estate investment trust’s stock, valued at approximately $208,000.

Other institutional investors have also made changes to their positions in the company. Resurgent Financial Advisors LLC bought a new stake in shares of Alexandria Real Estate Equities in the fourth quarter worth $38,000. GPS Wealth Strategies Group LLC bought a new stake in shares of Alexandria Real Estate Equities in the fourth quarter worth $36,000. Parkside Financial Bank & Trust lifted its position in shares of Alexandria Real Estate Equities by 61.7% in the third quarter. Parkside Financial Bank & Trust now owns 291 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 111 shares in the last quarter. Clear Street Markets LLC lifted its position in shares of Alexandria Real Estate Equities by 104.6% in the first quarter. Clear Street Markets LLC now owns 309 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 158 shares in the last quarter. Finally, Ronald Blue Trust Inc. raised its position in Alexandria Real Estate Equities by 142.5% during the third quarter. Ronald Blue Trust Inc. now owns 325 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 191 shares in the last quarter. Institutional investors own 96.54% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on ARE shares. 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. Mizuho upped their price target 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. 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, January 31st. Deutsche Bank Aktiengesellschaft started coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday, January 30th. They set a “buy” rating and a $140.00 price target on the stock. Finally, 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. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Alexandria Real Estate Equities currently has an average rating of “Moderate Buy” and an average price target of $137.13.

Alexandria Real Estate Equities Price Performance

NYSE:ARE opened at $116.99 on Wednesday. Alexandria Real Estate Equities, Inc. has a one year low of $90.73 and a one year high of $135.45. The company has a market cap of $20.47 billion, a P/E ratio of 216.65, a P/E/G ratio of 2.79 and a beta of 1.05. The firm’s fifty day moving average price is $122.86 and its two-hundred day moving average price is $116.29. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.26 and a quick ratio of 0.26.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS for the quarter, missing the consensus estimate of $2.29 by ($2.83). Alexandria Real Estate Equities had a net margin of 3.59% and a return on equity of 0.46%. The company had revenue of $757.22 million during the quarter, compared to analyst estimates of $740.16 million. During the same quarter in the prior year, the firm earned $2.14 earnings per share. Alexandria Real Estate Equities’s revenue for the quarter was up 13.0% on a year-over-year basis. Equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $1.27 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.08 annualized dividend and a dividend yield of 4.34%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 940.76%.

Insider Activity at Alexandria Real Estate Equities

In related news, CEO Peter M. Moglia sold 3,200 shares of the company’s stock in a transaction dated 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 directly owns 249,683 shares in the company, valued at $30,686,040.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Chairman Joel S. Marcus sold 7,500 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $118.92, for a total value of $891,900.00. Following the transaction, the chairman now directly owns 429,538 shares in the company, valued at $51,080,658.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Peter M. Moglia sold 3,200 shares of the company’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 completion of the transaction, the chief executive officer now owns 249,683 shares in the company, valued at $30,686,040.70. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by corporate insiders.

About Alexandria Real Estate Equities

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.