Cascade Investment Advisors Inc. Grows Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Cascade Investment Advisors Inc. grew its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 31.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 9,610 shares of the real estate investment trust’s stock after acquiring an additional 2,325 shares during the period. Cascade Investment Advisors Inc.’s holdings in Alexandria Real Estate Equities were worth $1,239,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in ARE. Oakworth Capital Inc. purchased a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at approximately $25,000. Capital Advisors Ltd. LLC purchased a new stake in Alexandria Real Estate Equities during the 4th quarter worth approximately $25,000. HHM Wealth Advisors LLC increased its stake in Alexandria Real Estate Equities by 340.9% during the 4th quarter. HHM Wealth Advisors LLC now owns 194 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 150 shares during the period. Parkside Financial Bank & Trust increased its stake in 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 buying an additional 111 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in Alexandria Real Estate Equities by 275.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 171 shares during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ARE shares. Evercore ISI cut their target price on shares of Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Deutsche Bank Aktiengesellschaft began coverage on shares of Alexandria Real Estate Equities in a report on Tuesday, January 30th. They set a “buy” rating and a $140.00 price target for the company. Wedbush reiterated an “outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, April 24th. Finally, JMP Securities reiterated a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $136.75.

Alexandria Real Estate Equities Stock Down 3.4 %

Shares of Alexandria Real Estate Equities stock traded down $4.19 during trading hours on Thursday, hitting $118.59. The company had a trading volume of 697,888 shares, compared to its average volume of 933,412. The company’s 50-day moving average is $122.10 and its two-hundred day moving average is $120.31. Alexandria Real Estate Equities, Inc. has a twelve month low of $90.73 and a twelve month high of $135.45. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market cap of $20.74 billion, a P/E ratio of 110.83, a price-to-earnings-growth ratio of 3.09 and a beta of 1.07.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $1.27 dividend. This represents a $5.08 annualized dividend and a dividend yield of 4.28%. The ex-dividend date was Wednesday, March 27th. Alexandria Real Estate Equities’s payout ratio is 474.77%.

Insider Buying and Selling

In related news, Chairman Joel S. Marcus sold 7,500 shares of the stock in a transaction 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 completion of the sale, the chairman now owns 429,538 shares in the company, valued at approximately $51,080,658.96. The sale was disclosed in a document filed 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 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 owns 249,683 shares in the company, valued at approximately $30,686,040.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Joel S. Marcus sold 7,500 shares of the company’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 transaction, the chairman now owns 429,538 shares of the company’s stock, valued at approximately $51,080,658.96. The disclosure for this sale can be found here. 1.15% of the stock is owned by company insiders.

Alexandria Real Estate Equities Company 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.