Federated Hermes Inc. cut its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 72.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 958 shares of the real estate investment trust’s stock after selling 2,514 shares during the quarter. Federated Hermes Inc.’s holdings in Alexandria Real Estate Equities were worth $96,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Ronald Blue Trust Inc. raised its holdings in shares of Alexandria Real Estate Equities by 142.5% in the third quarter. Ronald Blue Trust Inc. now owns 325 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 191 shares during the last quarter. CENTRAL TRUST Co purchased a new position in shares of Alexandria Real Estate Equities in the third quarter worth $33,000. Rational Advisors LLC acquired a new stake in shares of Alexandria Real Estate Equities during the third quarter worth about $37,000. Resurgent Financial Advisors LLC purchased a new stake in Alexandria Real Estate Equities in the fourth quarter valued at approximately $38,000. Finally, Clear Street Markets LLC boosted its position in Alexandria Real Estate Equities by 104.6% in the first quarter. Clear Street Markets LLC now owns 309 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 86.36% of the company’s stock.
Insider Transactions at Alexandria Real Estate Equities
In related news, CEO Peter M. Moglia sold 3,200 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $122.90, for a total value of $393,280.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 3,200 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $122.90, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the transaction, the chairman now owns 429,538 shares in the company, valued at approximately $51,080,658.96. The disclosure for this sale can be found here. Insiders sold 23,200 shares of company stock valued at $2,758,455 over the last 90 days. Corporate insiders own 1.60% of the company’s stock.
Alexandria Real Estate Equities Price Performance
Shares of Alexandria Real Estate Equities stock opened at $127.17 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.50. Alexandria Real Estate Equities, Inc. has a twelve month low of $90.73 and a twelve month high of $145.40. The business has a 50-day moving average price of $122.59 and a 200 day moving average price of $113.69. The firm has a market cap of $22.25 billion, a PE ratio of 235.50, a P/E/G ratio of 2.84 and a beta of 1.05.
Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last announced its quarterly 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). The business had revenue of $757.22 million during the quarter, compared to analysts’ expectations of $740.16 million. Alexandria Real Estate Equities had a net margin of 3.59% and a return on equity of 0.46%. Alexandria Real Estate Equities’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.14 EPS. Sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.
Alexandria Real Estate Equities Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be given a $1.27 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $5.08 annualized dividend and a dividend yield of 3.99%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 940.76%.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. JMP Securities restated a “market outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Wedbush reaffirmed an “outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Mizuho increased their price target on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. StockNews.com lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They set a “buy” rating and a $140.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Alexandria Real Estate Equities has a consensus rating of “Moderate Buy” and a consensus price target of $137.13.
Check Out Our Latest Report on ARE
About Alexandria Real Estate Equities
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.
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