Redpoint Investment Management Pty Ltd Has $2.83 Million Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Redpoint Investment Management Pty Ltd grew its stake in Alexandria Real Estate Equities, Inc. (NYSE:AREGet Rating) by 12.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 14,067 shares of the real estate investment trust’s stock after buying an additional 1,590 shares during the quarter. Redpoint Investment Management Pty Ltd’s holdings in Alexandria Real Estate Equities were worth $2,831,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Community Capital Management LLC boosted its holdings in shares of Alexandria Real Estate Equities by 2.2% in the 4th quarter. Community Capital Management LLC now owns 2,300 shares of the real estate investment trust’s stock worth $502,000 after acquiring an additional 50 shares in the last quarter. Outlook Wealth Advisors LLC lifted its stake in Alexandria Real Estate Equities by 3.0% in the 4th quarter. Outlook Wealth Advisors LLC now owns 1,741 shares of the real estate investment trust’s stock valued at $388,000 after purchasing an additional 51 shares during the last quarter. Clearview Wealth Advisors LLC lifted its position in Alexandria Real Estate Equities by 23.7% during the fourth quarter. Clearview Wealth Advisors LLC now owns 313 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 60 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its holdings in shares of Alexandria Real Estate Equities by 1.8% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 3,712 shares of the real estate investment trust’s stock worth $828,000 after purchasing an additional 67 shares during the period. Finally, First Merchants Corp increased its stake in Alexandria Real Estate Equities by 1.1% in the fourth quarter. First Merchants Corp now owns 6,321 shares of the real estate investment trust’s stock valued at $1,409,000 after acquiring an additional 69 shares during the last quarter. Institutional investors and hedge funds own 94.49% of the company’s stock.

In other news, CEO Stephen Richardson sold 5,000 shares of the business’s stock in a transaction on Monday, May 9th. The stock was sold at an average price of $171.47, for a total transaction of $857,350.00. Following the sale, the chief executive officer now directly owns 175,602 shares of the company’s stock, valued at $30,110,474.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Jackie B. Clem sold 1,865 shares of the company’s stock in a transaction on Wednesday, April 27th. The shares were sold at an average price of $189.55, for a total value of $353,510.75. Following the transaction, the general counsel now directly owns 24,039 shares in the company, valued at $4,556,592.45. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

A number of equities analysts have recently commented on the stock. Credit Suisse Group initiated coverage on shares of Alexandria Real Estate Equities in a report on Wednesday. They set a “neutral” rating and a $140.00 price target on the stock. StockNews.com cut shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Thursday, April 28th. TheStreet cut shares of Alexandria Real Estate Equities from a “b-” rating to a “c+” rating in a research report on Friday, March 11th. Finally, Mizuho dropped their target price on shares of Alexandria Real Estate Equities from $219.00 to $172.00 in a research report on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.17.

ARE stock traded up $0.28 during mid-day trading on Thursday, reaching $133.67. 1,868 shares of the stock traded hands, compared to its average volume of 1,155,349. The business has a 50-day moving average price of $166.75 and a two-hundred day moving average price of $188.71. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market capitalization of $21.82 billion, a PE ratio of 47.81, a PEG ratio of 2.03 and a beta of 0.85. Alexandria Real Estate Equities, Inc. has a one year low of $130.00 and a one year high of $224.95.

Alexandria Real Estate Equities (NYSE:AREGet Rating) last posted its quarterly earnings results on Monday, April 25th. The real estate investment trust reported ($0.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($1.71). The business had revenue of $615.10 million for the quarter, compared to analysts’ expectations of $595.35 million. Alexandria Real Estate Equities had a return on equity of 2.28% and a net margin of 18.30%. The business’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.91 earnings per share. On average, equities analysts expect that Alexandria Real Estate Equities, Inc. will post 8.4 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be paid a dividend of $1.18 per share. This represents a $4.72 dividend on an annualized basis and a dividend yield of 3.53%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Wednesday, June 29th. Alexandria Real Estate Equities’s dividend payout ratio is presently 164.88%.

Alexandria Real Estate Equities Profile (Get Rating)

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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