Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Purchased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. raised its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 4.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,548 shares of the real estate investment trust’s stock after purchasing an additional 1,723 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Alexandria Real Estate Equities were worth $5,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of ARE. HHM Wealth Advisors LLC raised its position in Alexandria Real Estate Equities by 340.9% in the 4th quarter. HHM Wealth Advisors LLC now owns 194 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Alexandria Real Estate Equities by 275.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 171 shares in the last quarter. Mather Group LLC. acquired a new stake in Alexandria Real Estate Equities in the 1st quarter valued at about $30,000. Benjamin F. Edwards & Company Inc. acquired a new stake in Alexandria Real Estate Equities in the 4th quarter valued at about $35,000. Finally, Glassman Wealth Services raised its position in Alexandria Real Estate Equities by 122.1% in the 4th quarter. Glassman Wealth Services now owns 291 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 160 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of Alexandria Real Estate Equities stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $4.21, for a total transaction of $631,500.00. Following the completion of the transaction, the insider now directly owns 6,005,077 shares of the company’s stock, valued at $25,281,374.17. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.15% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wedbush lowered Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $140.00 to $130.00 in a research report on Wednesday, July 24th. Royal Bank of Canada cut their target price on Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Jefferies Financial Group downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price target for the stock from $136.00 to $127.00 in a research note on Friday, August 2nd. Bank of America downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $151.00 to $126.00 in a research note on Monday, July 29th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Alexandria Real Estate Equities currently has an average rating of “Hold” and a consensus target price of $131.33.

Alexandria Real Estate Equities Price Performance

Shares of Alexandria Real Estate Equities stock traded down $1.37 during trading on Thursday, reaching $117.74. The company’s stock had a trading volume of 417,238 shares, compared to its average volume of 914,709. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a 12-month low of $90.73 and a 12-month high of $135.45. The company has a market capitalization of $20.59 billion, a P/E ratio of 111.32, a price-to-earnings-growth ratio of 4.00 and a beta of 1.15. The business has a 50 day moving average price of $117.94 and a 200-day moving average price of $119.83.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). The business had revenue of $766.70 million during the quarter, compared to analysts’ expectations of $775.03 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.24 earnings per share. As a group, sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.48 EPS for the current year.

Alexandria Real Estate Equities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, June 28th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. This represents a $5.20 annualized dividend and a yield of 4.42%. Alexandria Real Estate Equities’s payout ratio is currently 485.98%.

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.