Xponance Inc. Decreases Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Xponance Inc. cut its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,025 shares of the real estate investment trust’s stock after selling 569 shares during the period. Xponance Inc.’s holdings in Alexandria Real Estate Equities were worth $2,665,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. River Road Asset Management LLC lifted its stake in Alexandria Real Estate Equities by 116.0% in the 4th quarter. River Road Asset Management LLC now owns 63,363 shares of the real estate investment trust’s stock worth $8,033,000 after purchasing an additional 34,033 shares in the last quarter. Oakworth Capital Inc. purchased a new stake in Alexandria Real Estate Equities in the 4th quarter worth approximately $25,000. Telos Capital Management Inc. lifted its stake in Alexandria Real Estate Equities by 31.0% in the 4th quarter. Telos Capital Management Inc. now owns 11,104 shares of the real estate investment trust’s stock worth $1,408,000 after purchasing an additional 2,625 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Alexandria Real Estate Equities by 19.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 161,070 shares of the real estate investment trust’s stock worth $20,419,000 after purchasing an additional 25,955 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Alexandria Real Estate Equities by 19.1% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 968,302 shares of the real estate investment trust’s stock worth $122,752,000 after purchasing an additional 154,958 shares in the last quarter. 96.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on ARE shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They issued a “buy” rating and a $140.00 target price on the stock. Wedbush restated an “outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. StockNews.com upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. JMP Securities restated a “market outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Finally, Mizuho raised their price objective on shares of Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $137.13.

Insiders Place Their Bets

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $118.92, for a total value of $891,900.00. Following the sale, the chairman now owns 429,538 shares of the company’s stock, valued at approximately $51,080,658.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 3,200 shares of the firm’s stock in a transaction 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 sale, 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 is available through this hyperlink. Also, Chairman Joel S. Marcus sold 7,500 shares of the firm’s stock in a transaction 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 completion of 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.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $118.60 on Tuesday. The stock has a market cap of $20.75 billion, a PE ratio of 219.63, a PEG ratio of 2.64 and a beta of 1.05. The company’s fifty day moving average is $122.82 and its 200 day moving average is $116.82. Alexandria Real Estate Equities, Inc. has a 52 week low of $90.73 and a 52 week high of $135.45. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.50.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($2.83). The business had revenue of $757.22 million during the quarter, compared to analysts’ expectations of $740.16 million. Alexandria Real Estate Equities had a return on equity of 0.46% and a net margin of 3.59%. Alexandria Real Estate Equities’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.14 EPS. Research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend was Wednesday, March 27th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 940.76%.

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.