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HighTower Advisors LLC lifted its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) by 32.0% in the fourth quarter, HoldingsChannel reports. The fund owned 8,675 shares of the real estate investment trust’s stock after acquiring an additional 2,103 shares during the period. HighTower Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $1,264,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the stock. Guardian Wealth Advisors LLC bought a new position in Alexandria Real Estate Equities in the 3rd quarter worth approximately $36,000. First Horizon Advisors Inc. boosted its stake in Alexandria Real Estate Equities by 96.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 254 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 125 shares during the period. Addison Advisors LLC boosted its stake in Alexandria Real Estate Equities by 94.8% in the 4th quarter. Addison Advisors LLC now owns 298 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 145 shares during the period. Quent Capital LLC boosted its stake in Alexandria Real Estate Equities by 186.4% in the 3rd quarter. Quent Capital LLC now owns 358 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 233 shares during the period. Finally, Ronald Blue Trust Inc. boosted its stake in Alexandria Real Estate Equities by 192.8% in the 4th quarter. Ronald Blue Trust Inc. now owns 448 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 295 shares during the period. 89.81% of the stock is currently owned by institutional investors.
Alexandria Real Estate Equities Stock Performance
NYSE:ARE opened at $111.77 on Friday. The stock’s fifty day moving average is $120.88 and its 200 day moving average is $140.36. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $110.64 and a fifty-two week high of $172.65. The firm has a market capitalization of $19.34 billion, a PE ratio of 24.67, a PEG ratio of 1.28 and a beta of 0.93. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.53.
Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last released its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($1.71). Alexandria Real Estate Equities had a net margin of 28.01% and a return on equity of 3.77%. The company had revenue of $700.80 million for the quarter, compared to analysts’ expectations of $686.70 million. During the same quarter in the previous year, the company posted $2.05 EPS. The business’s quarterly revenue was up 13.9% on a year-over-year basis. On average, sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 8.95 earnings per share for the current year.
Alexandria Real Estate Equities Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Friday, March 31st were paid a $1.21 dividend. The ex-dividend date of this dividend was Thursday, March 30th. This represents a $4.84 dividend on an annualized basis and a yield of 4.33%. Alexandria Real Estate Equities’s payout ratio is 106.84%.
Analyst Ratings Changes
A number of research analysts have recently commented on ARE shares. Evercore ISI lowered their target price on Alexandria Real Estate Equities from $155.00 to $144.00 and set an “outperform” rating for the company in a research report on Monday, March 27th. Mizuho lowered their target price on Alexandria Real Estate Equities from $180.00 to $145.00 in a research report on Monday, April 24th. Robert W. Baird increased their target price on Alexandria Real Estate Equities from $162.00 to $174.00 and gave the company an “outperform” rating in a research report on Thursday, February 2nd. StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Friday, May 12th. Finally, JPMorgan Chase & Co. increased their target price on Alexandria Real Estate Equities from $176.00 to $177.00 and gave the company an “overweight” rating in a research report on Thursday, February 2nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $164.00.
Insiders Place Their Bets
In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of the stock in a transaction on Monday, May 8th. The stock was sold at an average price of $122.20, for a total value of $916,500.00. Following the sale, the chairman now owns 351,354 shares in the company, valued at $42,935,458.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.
Alexandria Real Estate Equities Company Profile
Alexandria Real Estate Equities, Inc engages in the business of providing space for lease. The firm is also an owner, operator, and developer of life science, agrotechnology, and technology campuses in Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.
Further Reading
Want to see what other hedge funds are holding ARE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating).
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