A. D. Beadell Investment Counsel Inc. Reduces Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

A. D. Beadell Investment Counsel Inc. cut its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:AREGet Rating) by 8.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,445 shares of the real estate investment trust’s stock after selling 615 shares during the period. A. D. Beadell Investment Counsel Inc.’s holdings in Alexandria Real Estate Equities were worth $934,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of ARE. Vanguard Group Inc. raised its holdings in Alexandria Real Estate Equities by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 24,897,323 shares of the real estate investment trust’s stock worth $5,010,585,000 after purchasing an additional 1,114,118 shares during the period. BlackRock Inc. boosted its position in shares of Alexandria Real Estate Equities by 1.5% during the first quarter. BlackRock Inc. now owns 15,139,838 shares of the real estate investment trust’s stock worth $3,046,894,000 after buying an additional 226,651 shares during the period. Norges Bank purchased a new position in shares of Alexandria Real Estate Equities during the fourth quarter worth $3,007,227,000. State Street Corp raised its stake in shares of Alexandria Real Estate Equities by 13.6% in the first quarter. State Street Corp now owns 10,367,269 shares of the real estate investment trust’s stock valued at $2,097,960,000 after acquiring an additional 1,238,751 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Alexandria Real Estate Equities by 4.6% in the first quarter. Principal Financial Group Inc. now owns 5,130,083 shares of the real estate investment trust’s stock valued at $1,032,429,000 after acquiring an additional 224,811 shares in the last quarter. 91.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on ARE shares. Evercore ISI raised their price target on Alexandria Real Estate Equities from $185.00 to $194.00 in a research note on Monday, September 12th. Mizuho lifted their price objective on Alexandria Real Estate Equities from $172.00 to $178.00 and gave the company a “buy” rating in a report on Monday, September 12th. JMP Securities lowered their price objective on Alexandria Real Estate Equities from $230.00 to $200.00 and set a “market outperform” rating on the stock in a report on Wednesday, July 27th. Credit Suisse Group initiated coverage on Alexandria Real Estate Equities in a report on Wednesday, June 22nd. They issued a “neutral” rating and a $140.00 price objective on the stock. Finally, StockNews.com lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Saturday, August 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $189.00.

Alexandria Real Estate Equities Price Performance

Shares of Alexandria Real Estate Equities stock traded up $0.50 during trading on Friday, hitting $142.57. 31,274 shares of the company were exchanged, compared to its average volume of 717,709. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.50. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $130.00 and a fifty-two week high of $224.95. The stock has a market capitalization of $23.26 billion, a price-to-earnings ratio of 76.80, a P/E/G ratio of 2.17 and a beta of 0.93. The firm has a 50 day moving average price of $156.49 and a 200 day moving average price of $166.55.

Alexandria Real Estate Equities (NYSE:AREGet Rating) last issued its quarterly earnings results on Monday, July 25th. The real estate investment trust reported $1.67 earnings per share for the quarter, beating the consensus estimate of $0.66 by $1.01. Alexandria Real Estate Equities had a return on equity of 1.93% and a net margin of 12.54%. The company had revenue of $643.80 million during the quarter, compared to the consensus estimate of $633.13 million. During the same period in the previous year, the firm posted $1.93 EPS. Alexandria Real Estate Equities’s revenue was up 26.3% on a year-over-year basis. On average, equities analysts expect that Alexandria Real Estate Equities, Inc. will post 8.41 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be issued a $1.18 dividend. The ex-dividend date is Thursday, September 29th. This represents a $4.72 dividend on an annualized basis and a yield of 3.31%. Alexandria Real Estate Equities’s dividend payout ratio is currently 255.14%.

Insiders Place Their Bets

In other Alexandria Real Estate Equities news, Director Maria C. Freire sold 2,311 shares of the business’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $163.04, for a total value of $376,785.44. Following the transaction, the director now owns 3,000 shares in the company, valued at approximately $489,120. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Alexandria Real Estate Equities news, Director Maria C. Freire sold 2,311 shares of the business’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $163.04, for a total value of $376,785.44. Following the transaction, the director now owns 3,000 shares in the company, valued at approximately $489,120. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Jackie B. Clem sold 794 shares of the company’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $156.60, for a total transaction of $124,340.40. Following the completion of the sale, the general counsel now owns 22,824 shares in the company, valued at approximately $3,574,238.40. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by company insiders.

Alexandria Real Estate Equities Company Profile

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Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> urban office real estate investment trust ("REIT"), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet ("SF").

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

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