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

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

Several other hedge funds also recently made changes to their positions in the company. Invesco Ltd. grew its holdings in Alexandria Real Estate Equities by 7.9% in the 3rd quarter. Invesco Ltd. now owns 2,654,089 shares of the real estate investment trust’s stock worth $265,674,000 after acquiring an additional 194,651 shares during the last quarter. Legal & General Group Plc increased its holdings in Alexandria Real Estate Equities by 3.4% during the 3rd quarter. Legal & General Group Plc now owns 2,316,770 shares of the real estate investment trust’s stock valued at $231,909,000 after purchasing an additional 77,012 shares during the period. Northern Trust Corp lifted its position in shares of Alexandria Real Estate Equities by 2.6% in the 3rd quarter. Northern Trust Corp now owns 2,168,273 shares of the real estate investment trust’s stock worth $217,044,000 after purchasing an additional 54,717 shares during the period. FMR LLC boosted its stake in shares of Alexandria Real Estate Equities by 0.7% during the 3rd quarter. FMR LLC now owns 1,508,541 shares of the real estate investment trust’s stock valued at $151,005,000 after purchasing an additional 10,914 shares in the last quarter. Finally, Bamco Inc. NY lifted its holdings in Alexandria Real Estate Equities by 4.7% in the third quarter. Bamco Inc. NY now owns 1,202,373 shares of the real estate investment trust’s stock worth $120,358,000 after buying an additional 53,640 shares during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions 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 other news, Chairman Joel S. Marcus sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction that occurred 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 sale, the chairman now owns 429,538 shares in the company, valued at $51,080,658.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Peter M. Moglia sold 3,200 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now 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. Corporate insiders own 1.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ARE. JMP Securities reiterated a “market outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Mizuho increased 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. Deutsche Bank Aktiengesellschaft assumed coverage on Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They set a “buy” rating and a $140.00 target price on the stock. Evercore ISI lowered their price target on Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Finally, Wedbush reiterated an “outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $136.75.

Alexandria Real Estate Equities Stock Performance

ARE stock traded down $1.64 during trading on Tuesday, reaching $117.51. The stock had a trading volume of 234,507 shares, compared to its average volume of 991,569. The firm has a market cap of $20.55 billion, a PE ratio of 111.36, a PEG ratio of 2.66 and a beta of 1.05. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.54. The stock’s 50 day moving average is $122.97 and its two-hundred day moving average is $117.48. Alexandria Real Estate Equities, Inc. has a 52 week low of $90.73 and a 52 week high of $135.45.

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

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $1.27 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.32%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 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.