Perpetual Ltd lowered its position in Alexandria Real Estate Equities Inc (NYSE:ARE) by 0.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 67,669 shares of the real estate investment trust’s stock after selling 500 shares during the period. Alexandria Real Estate Equities accounts for approximately 1.4% of Perpetual Ltd’s portfolio, making the stock its 27th largest position. Perpetual Ltd owned 0.06% of Alexandria Real Estate Equities worth $9,692,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of ARE. Cigna Investments Inc. New grew its stake in shares of Alexandria Real Estate Equities by 3.6% in the 4th quarter. Cigna Investments Inc. New now owns 3,185 shares of the real estate investment trust’s stock worth $367,000 after acquiring an additional 110 shares in the last quarter. Quadrant Capital Management LLC grew its stake in shares of Alexandria Real Estate Equities by 0.8% in the 4th quarter. Quadrant Capital Management LLC now owns 13,452 shares of the real estate investment trust’s stock worth $1,550,000 after acquiring an additional 111 shares in the last quarter. KBC Group NV boosted its holdings in shares of Alexandria Real Estate Equities by 0.6% in the 4th quarter. KBC Group NV now owns 20,651 shares of the real estate investment trust’s stock worth $2,380,000 after buying an additional 115 shares during the last quarter. First Hawaiian Bank boosted its holdings in shares of Alexandria Real Estate Equities by 2.9% in the 1st quarter. First Hawaiian Bank now owns 4,217 shares of the real estate investment trust’s stock worth $601,000 after buying an additional 120 shares during the last quarter. Finally, BB&T Corp boosted its holdings in shares of Alexandria Real Estate Equities by 1.1% in the 1st quarter. BB&T Corp now owns 11,153 shares of the real estate investment trust’s stock worth $1,590,000 after buying an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.
Shares of ARE stock traded up $3.51 during trading on Wednesday, hitting $150.64. The company had a trading volume of 673,100 shares, compared to its average volume of 705,350. Alexandria Real Estate Equities Inc has a 52 week low of $109.04 and a 52 week high of $150.68. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.71. The stock has a market cap of $16.63 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 4.90 and a beta of 0.82.
Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.57). The business had revenue of $358.80 million for the quarter, compared to the consensus estimate of $356.93 million. Alexandria Real Estate Equities had a net margin of 27.29% and a return on equity of 4.91%. The firm’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.62 earnings per share. As a group, sell-side analysts forecast that Alexandria Real Estate Equities Inc will post 6.97 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $1.00 dividend. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $4.00 dividend on an annualized basis and a yield of 2.66%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 58.79%.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, May 16th. Barclays downgraded shares of Alexandria Real Estate Equities from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $130.00 to $136.00 in a report on Thursday, April 4th. Canaccord Genuity reaffirmed an “average” rating and set a $25.00 price objective on shares of Alexandria Real Estate Equities in a report on Thursday, March 7th. Finally, Mitsubishi UFJ Financial Group upped their price objective on shares of Alexandria Real Estate Equities to $132.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $108.57.
In other Alexandria Real Estate Equities news, COO Lawrence J. Diamond sold 1,000 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $142.58, for a total transaction of $142,580.00. Following the completion of the transaction, the chief operating officer now owns 59,217 shares of the company’s stock, valued at $8,443,159.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James H. Richardson sold 3,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $141.46, for a total value of $424,380.00. Following the transaction, the director now directly owns 48,000 shares of the company’s stock, valued at approximately $6,790,080. The disclosure for this sale can be found here. Insiders sold 60,551 shares of company stock valued at $8,588,235 in the last ninety days. 1.43% 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 an urban office real estate investment trust (“REIT”) uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $21.8 billion and an asset base in North America of 33.7 million square feet (“SF”) as of March 31, 2019.