Daiwa Securities Group Inc. Lowers Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Daiwa Securities Group Inc. trimmed its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 2.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 63,497 shares of the real estate investment trust’s stock after selling 1,596 shares during the period. Daiwa Securities Group Inc.’s holdings in Alexandria Real Estate Equities were worth $8,050,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ARE. River Road Asset Management LLC increased its position in shares of Alexandria Real Estate Equities by 116.0% during the fourth quarter. River Road Asset Management LLC now owns 63,363 shares of the real estate investment trust’s stock valued at $8,033,000 after acquiring an additional 34,033 shares in the last quarter. Oakworth Capital Inc. bought a new stake in shares of Alexandria Real Estate Equities during the fourth quarter valued at approximately $25,000. Telos Capital Management Inc. increased its position in shares of Alexandria Real Estate Equities by 31.0% during the fourth quarter. Telos Capital Management Inc. now owns 11,104 shares of the real estate investment trust’s stock valued at $1,408,000 after acquiring an additional 2,625 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Alexandria Real Estate Equities by 19.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 161,070 shares of the real estate investment trust’s stock valued at $20,419,000 after acquiring an additional 25,955 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Alexandria Real Estate Equities by 19.1% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 968,302 shares of the real estate investment trust’s stock valued at $122,752,000 after acquiring an additional 154,958 shares in the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ARE has been the subject of several analyst reports. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Wedbush reaffirmed an “outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday, January 30th. They issued a “buy” rating and a $140.00 target price for the company. Mizuho lifted their target price on shares of 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. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.13.

Insider Activity at Alexandria Real Estate Equities

In related news, CEO Peter M. Moglia sold 3,200 shares of Alexandria Real Estate Equities stock in a transaction on Friday, March 1st. The shares were sold at an average price of $122.90, for a total transaction of $393,280.00. Following the transaction, the chief executive officer now owns 249,683 shares in the company, valued at approximately $30,686,040.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Peter M. Moglia sold 3,200 shares of Alexandria Real Estate Equities stock in a transaction on Friday, March 1st. The shares were sold at an average price of $122.90, for a total transaction of $393,280.00. Following the transaction, the chief executive officer now owns 249,683 shares in the company, valued at approximately $30,686,040.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 completion of the sale, 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. 1.15% of the stock is owned by corporate insiders.

Alexandria Real Estate Equities Trading Up 0.1 %

Shares of Alexandria Real Estate Equities stock opened at $116.51 on Friday. The company’s fifty day simple moving average is $122.82 and its 200-day simple moving average is $116.29. The stock has a market capitalization of $20.38 billion, a PE ratio of 215.76, a P/E/G ratio of 2.67 and a beta of 1.05. Alexandria Real Estate Equities, Inc. has a 1-year low of $90.73 and a 1-year high of $135.45. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.26 and a quick ratio of 0.26.

Alexandria Real Estate Equities (NYSE:ARE) last issued 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 for the quarter, compared to analysts’ expectations of $740.16 million. Alexandria Real Estate Equities had a return on equity of 0.46% and a net margin of 3.59%. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.14 EPS. As a group, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a dividend yield of 4.36%. The ex-dividend date was Wednesday, March 27th. Alexandria Real Estate Equities’s dividend payout ratio is presently 940.76%.

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.