Alexandria Real Estate Equities, Inc. (NYSE:ARE) is Ranger Global Real Estate Advisors LLC’s 8th Largest Position

Ranger Global Real Estate Advisors LLC decreased its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:AREFree Report) by 5.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 306,219 shares of the real estate investment trust’s stock after selling 18,271 shares during the quarter. Alexandria Real Estate Equities makes up 4.4% of Ranger Global Real Estate Advisors LLC’s portfolio, making the stock its 8th largest position. Ranger Global Real Estate Advisors LLC owned 0.18% of Alexandria Real Estate Equities worth $29,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Van ECK Associates Corp lifted its holdings in Alexandria Real Estate Equities by 5.5% during the second quarter. Van ECK Associates Corp now owns 58,322 shares of the real estate investment trust’s stock valued at $6,619,000 after purchasing an additional 3,023 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in Alexandria Real Estate Equities by 83.0% during the second quarter. Oppenheimer & Co. Inc. now owns 5,513 shares of the real estate investment trust’s stock valued at $626,000 after purchasing an additional 2,500 shares in the last quarter. Lasalle Investment Management Securities LLC lifted its holdings in Alexandria Real Estate Equities by 7.5% during the third quarter. Lasalle Investment Management Securities LLC now owns 386,916 shares of the real estate investment trust’s stock valued at $38,730,000 after purchasing an additional 26,885 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in Alexandria Real Estate Equities by 6.7% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 25,379 shares of the real estate investment trust’s stock valued at $2,540,000 after purchasing an additional 1,593 shares in the last quarter. Finally, Phoenix Holdings Ltd. purchased a new position in shares of Alexandria Real Estate Equities in the third quarter worth about $663,000. Institutional investors own 86.36% of the company’s stock.

Insider Transactions at Alexandria Real Estate Equities

In other news, Chairman Joel S. Marcus sold 7,500 shares of the company’s 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 transaction, the chairman now directly owns 429,538 shares of the company’s stock, valued at approximately $51,080,658.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Alexandria Real Estate Equities news, insider Daniel J. Ryan sold 10,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $118.07, for a total value of $1,180,700.00. Following the transaction, the insider now directly owns 166,308 shares in the company, valued at approximately $19,635,985.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Joel S. Marcus sold 7,500 shares of the company’s stock in a transaction dated 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 transaction, the chairman now owns 429,538 shares in the company, valued at $51,080,658.96. The disclosure for this sale can be found here. Insiders have sold a total of 24,854 shares of company stock valued at $2,945,471 in the last ninety days. 0.96% of the stock is currently owned by company insiders.

Alexandria Real Estate Equities Stock Performance

ARE traded down $0.30 during trading on Wednesday, hitting $121.40. The stock had a trading volume of 1,358,329 shares, compared to its average volume of 1,102,719. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a market capitalization of $21.24 billion, a P/E ratio of 225.49, a PEG ratio of 2.72 and a beta of 1.06. The company’s 50-day moving average price is $123.18 and its 200 day moving average price is $113.21. Alexandria Real Estate Equities, Inc. has a twelve month low of $90.73 and a twelve month high of $148.84.

Alexandria Real Estate Equities (NYSE:AREGet Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of $2.29 by ($2.83). Alexandria Real Estate Equities had a return on equity of 0.46% and a net margin of 3.59%. The company had revenue of $757.22 million for the quarter, compared to analyst estimates of $740.16 million. During the same period last year, the company earned $2.14 earnings per share. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were paid a dividend of $1.27 per share. The ex-dividend date of this dividend was Thursday, December 28th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.24. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.18%. Alexandria Real Estate Equities’s dividend payout ratio is 940.76%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ARE. Mizuho raised their price target on shares of Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Wedbush reiterated an “outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. StockNews.com cut shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. JMP Securities reiterated a “market outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Finally, Deutsche Bank Aktiengesellschaft began 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. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $137.13.

Check Out Our Latest Stock Report on Alexandria Real Estate Equities

Alexandria Real Estate Equities Profile

(Free Report)

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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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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