Supplemental Annuity Collective Trust of NJ Makes New Investment in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Supplemental Annuity Collective Trust of NJ bought a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,600 shares of the real estate investment trust’s stock, valued at approximately $203,000.

Several other large investors have also recently made changes to their positions in ARE. Parkside Financial Bank & Trust increased its holdings in shares of Alexandria Real Estate Equities by 29.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 376 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 85 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Alexandria Real Estate Equities by 5.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,138 shares of the real estate investment trust’s stock valued at $214,000 after purchasing an additional 102 shares during the last quarter. Addison Advisors LLC grew its holdings in shares of Alexandria Real Estate Equities by 32.9% during the 3rd quarter. Addison Advisors LLC now owns 465 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 115 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Alexandria Real Estate Equities by 0.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,119 shares of the real estate investment trust’s stock valued at $4,617,000 after acquiring an additional 123 shares during the last quarter. Finally, Callan Capital LLC lifted its stake in Alexandria Real Estate Equities by 1.5% during the third quarter. Callan Capital LLC now owns 9,235 shares of the real estate investment trust’s stock worth $924,000 after purchasing an additional 138 shares in the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Mizuho increased 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. Evercore ISI lowered their price objective on Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating for the company in a research report on Thursday. Wedbush reaffirmed an “outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday. Deutsche Bank Aktiengesellschaft initiated 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 price target on the stock. Finally, 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. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $136.75.

Alexandria Real Estate Equities Stock Down 0.9 %

Shares of Alexandria Real Estate Equities stock traded down $1.07 during trading on Friday, reaching $116.23. The company had a trading volume of 888,255 shares, compared to its average volume of 1,004,676. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.26 and a current ratio of 0.30. The company has a market cap of $20.33 billion, a price-to-earnings ratio of 109.61, a price-to-earnings-growth ratio of 2.74 and a beta of 1.05. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $90.73 and a fifty-two week high of $135.45. The firm’s fifty day moving average is $123.04 and its 200-day moving average is $117.00.

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). Alexandria Real Estate Equities had a net margin of 6.65% and a return on equity of 0.87%. 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 previous year, the firm earned $2.14 earnings per share. The business’s revenue was up 13.0% on a year-over-year basis. On average, analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.46 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed 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 of this dividend was Wednesday, March 27th. This represents a $5.08 annualized dividend and a dividend yield of 4.37%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 474.77%.

Insider Transactions at Alexandria Real Estate Equities

In related news, CEO Peter M. Moglia sold 3,200 shares of Alexandria Real Estate Equities stock in a transaction dated Friday, March 1st. The stock was 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Peter M. Moglia sold 3,200 shares of the firm’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 completion of the sale, 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 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 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 completion of the transaction, the chairman now owns 429,538 shares in the company, valued at approximately $51,080,658.96. The disclosure for this sale can be found here. Corporate insiders own 1.15% of the company’s stock.

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.