Duff & Phelps Investment Management Co. Acquires 73,205 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Duff & Phelps Investment Management Co. increased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 14.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 579,684 shares of the real estate investment trust’s stock after purchasing an additional 73,205 shares during the quarter. Duff & Phelps Investment Management Co. owned approximately 0.33% of Alexandria Real Estate Equities worth $73,487,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ARE. Jennison Associates LLC raised its position in Alexandria Real Estate Equities by 180.3% during the fourth quarter. Jennison Associates LLC now owns 1,010,943 shares of the real estate investment trust’s stock worth $128,157,000 after acquiring an additional 650,248 shares in the last quarter. Aew Capital Management L P increased its position in Alexandria Real Estate Equities by 881.2% during the third quarter. Aew Capital Management L P now owns 347,330 shares of the real estate investment trust’s stock worth $34,768,000 after buying an additional 311,930 shares during the last quarter. Ceredex Value Advisors LLC bought a new stake in Alexandria Real Estate Equities in the fourth quarter valued at approximately $36,223,000. Schroder Investment Management Group lifted its position in shares of Alexandria Real Estate Equities by 87.9% in the third quarter. Schroder Investment Management Group now owns 597,708 shares of the real estate investment trust’s stock valued at $59,831,000 after buying an additional 279,649 shares during the last quarter. Finally, Senvest Management LLC bought a new position in shares of Alexandria Real Estate Equities during the 3rd quarter worth approximately $26,604,000. Institutional investors own 96.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ARE shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday, January 30th. They set a “buy” rating and a $140.00 price objective for the company. Mizuho boosted their price objective on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. JMP Securities reiterated a “market outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Evercore ISI reduced their price target on Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Finally, Wedbush reiterated an “outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $136.75.

Insider Activity at Alexandria Real Estate Equities

In other news, Chairman Joel S. Marcus sold 7,500 shares of the firm’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 value of $891,900.00. Following the sale, the chairman now directly owns 429,538 shares in the company, valued at approximately $51,080,658.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Chairman Joel S. Marcus sold 7,500 shares of the business’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 sale, the chairman now owns 429,538 shares in the company, valued at approximately $51,080,658.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Peter M. Moglia sold 3,200 shares of the company’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 directly owns 249,683 shares of the company’s stock, valued at approximately $30,686,040.70. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by insiders.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE traded down $1.64 during midday trading on Tuesday, hitting $117.51. The stock had a trading volume of 234,507 shares, compared to its average volume of 991,569. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $20.55 billion, a P/E ratio of 111.36, a price-to-earnings-growth ratio of 2.66 and a beta of 1.05. The company’s 50-day moving average price is $122.97 and its 200-day moving average price is $117.48. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $90.73 and a fifty-two week high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share for the quarter, missing the consensus estimate of $2.29 by ($2.83). Alexandria Real Estate Equities had a return on equity of 0.87% and a net margin of 6.65%. The business had revenue of $757.22 million for the quarter, compared to the consensus estimate of $740.16 million. During the same quarter in the previous year, the company earned $2.14 earnings per share. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.46 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $1.27 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.08 annualized dividend and a dividend yield of 4.32%. Alexandria Real Estate Equities’s dividend payout ratio is currently 474.77%.

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.