Envestnet Asset Management Inc. Purchases 4,248 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)


Envestnet Asset Management Inc. raised its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) by 4.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 103,914 shares of the real estate investment trust’s stock after acquiring an additional 4,248 shares during the period. Envestnet Asset Management Inc.’s holdings in Alexandria Real Estate Equities were worth $20,913,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of ARE. National Bank of Canada FI bought a new position in Alexandria Real Estate Equities during the fourth quarter valued at $107,000. National Asset Management Inc. grew its holdings in shares of Alexandria Real Estate Equities by 18.7% in the fourth quarter. National Asset Management Inc. now owns 1,596 shares of the real estate investment trust’s stock worth $356,000 after purchasing an additional 251 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Alexandria Real Estate Equities in the fourth quarter worth about $20,038,000. Commonwealth Equity Services LLC grew its holdings in shares of Alexandria Real Estate Equities by 52.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 7,778 shares of the real estate investment trust’s stock worth $1,734,000 after purchasing an additional 2,670 shares during the last quarter. Finally, CWM LLC bought a new position in shares of Alexandria Real Estate Equities in the fourth quarter worth about $212,000. Institutional investors own 94.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ARE shares. Mizuho cut their price target on shares of Alexandria Real Estate Equities from $219.00 to $172.00 and set a “buy” rating on the stock in a report on Thursday, June 23rd. StockNews.com cut shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Thursday, April 28th. Credit Suisse Group started coverage on shares of Alexandria Real Estate Equities in a report on Wednesday, June 22nd. They issued a “neutral” rating and a $140.00 price target on the stock. Finally, JMP Securities cut their price target on shares of 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $193.40.

Alexandria Real Estate Equities Stock Down 2.8%

Shares of Alexandria Real Estate Equities stock opened at $159.67 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.23 and a quick ratio of 0.23. Alexandria Real Estate Equities, Inc. has a 1 year low of $130.00 and a 1 year high of $224.95. The firm’s 50-day moving average is $149.60 and its two-hundred day moving average is $175.16. The stock has a market cap of $26.05 billion, a price-to-earnings ratio of 86.31, a PEG ratio of 2.56 and a beta of 0.92.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last issued its earnings results on Monday, July 25th. The real estate investment trust reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $1.01. The company had revenue of $643.80 million for the quarter, compared to analysts’ expectations of $633.13 million. Alexandria Real Estate Equities had a net margin of 12.54% and a return on equity of 1.93%. The firm’s quarterly revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.93 EPS. As a group, research analysts expect that Alexandria Real Estate Equities, Inc. will post 8.4 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were given a dividend of $1.18 per share. This represents a $4.72 annualized dividend and a dividend yield of 2.96%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.15. The ex-dividend date was Wednesday, June 29th. Alexandria Real Estate Equities’s dividend payout ratio is presently 255.14%.

Insider Buying and Selling at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, CEO Stephen Richardson sold 5,000 shares of the stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $171.47, for a total transaction of $857,350.00. Following the completion of the sale, the chief executive officer now directly owns 175,602 shares of the company’s stock, valued at $30,110,474.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, major shareholder Real Estate Equitie Alexandria acquired 3,500,000 shares of the firm’s stock in a transaction that occurred on Monday, June 27th. The stock was purchased at an average cost of $1.00 per share, with a total value of $3,500,000.00. Following the transaction, the insider now directly owns 4,555,077 shares of the company’s stock, valued at approximately $4,555,077. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen Richardson sold 5,000 shares of the stock in a transaction that occurred on Monday, May 9th. The shares were sold at an average price of $171.47, for a total transaction of $857,350.00. Following the completion of the transaction, the chief executive officer now directly owns 175,602 shares of the company’s stock, valued at $30,110,474.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,105 shares of company stock valued at $1,358,476. 0.96% of the stock is currently owned by insiders.

Alexandria Real Estate Equities Profile

(Get Rating)

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500® 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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