Steph & Co. Has $141,000 Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Steph & Co. lowered its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 44.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,112 shares of the real estate investment trust’s stock after selling 896 shares during the period. Steph & Co.’s holdings in Alexandria Real Estate Equities were worth $141,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARE. Oakworth Capital Inc. acquired a new position in Alexandria Real Estate Equities during the fourth quarter worth $25,000. Parkside Financial Bank & Trust increased its stake in shares of Alexandria Real Estate Equities by 61.7% during the 3rd 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 during the last quarter. Ronald Blue Trust Inc. raised its holdings in shares of Alexandria Real Estate Equities by 142.5% in the 3rd quarter. Ronald Blue Trust Inc. now owns 325 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 191 shares during the period. CENTRAL TRUST Co acquired a new stake in Alexandria Real Estate Equities in the 3rd quarter valued at about $33,000. Finally, GPS Wealth Strategies Group LLC bought a new position in Alexandria Real Estate Equities during the fourth quarter worth about $36,000. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Alexandria Real Estate Equities Stock Performance

NYSE:ARE traded down $0.54 during mid-day trading on Wednesday, reaching $116.45. 611,471 shares of the company’s stock were exchanged, compared to its average volume of 997,973. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a market capitalization of $20.37 billion, a PE ratio of 216.65, a price-to-earnings-growth ratio of 2.72 and a beta of 1.05. Alexandria Real Estate Equities, Inc. has a one year low of $90.73 and a one year high of $135.45. The business’s fifty day simple moving average is $122.86 and its two-hundred day simple moving average is $116.29.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results 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). The business had revenue of $757.22 million for the quarter, compared to the consensus estimate of $740.16 million. Alexandria Real Estate Equities had a return on equity of 0.46% and a net margin of 3.59%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.14 earnings per share. Analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders 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 annualized dividend and a yield of 4.36%. Alexandria Real Estate Equities’s dividend payout ratio is presently 940.76%.

Insider Transactions at Alexandria Real Estate Equities

In related news, CEO Peter M. Moglia sold 3,200 shares of the business’s 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 completion of 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 can be accessed through the SEC website. In related 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 sale, the chief executive officer now owns 249,683 shares in the company, valued at approximately $30,686,040.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Joel S. Marcus sold 7,500 shares of the business’s stock in a transaction that occurred 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 transaction, the chairman now owns 429,538 shares of the company’s stock, valued at $51,080,658.96. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by insiders.

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.