Legacy Capital Group California Inc. Boosts Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Legacy Capital Group California Inc. raised its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 21.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,221 shares of the real estate investment trust’s stock after purchasing an additional 1,105 shares during the quarter. Legacy Capital Group California Inc.’s holdings in Alexandria Real Estate Equities were worth $789,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Oakworth Capital Inc. acquired a new stake in Alexandria Real Estate Equities in the fourth quarter valued at about $25,000. Capital Advisors Ltd. LLC acquired a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at approximately $25,000. HHM Wealth Advisors LLC boosted its stake in shares of Alexandria Real Estate Equities by 340.9% in the fourth quarter. HHM Wealth Advisors LLC now owns 194 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 150 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Alexandria Real Estate Equities by 61.7% during the third quarter. Parkside Financial Bank & Trust now owns 291 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 111 shares during the period. Finally, Benjamin F. Edwards & Company Inc. purchased a new position in Alexandria Real Estate Equities in the fourth quarter worth $35,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analyst Upgrades and Downgrades

ARE has been the topic of several research analyst reports. Wedbush restated an “outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 24th. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. 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. Deutsche Bank Aktiengesellschaft initiated coverage on Alexandria Real Estate Equities in a report on Tuesday, January 30th. They set a “buy” rating and a $140.00 price objective for the company. Finally, JMP Securities reissued a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $136.75.

Insider Activity at Alexandria Real Estate Equities

In related news, 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 value of $393,280.00. Following the completion of the transaction, the chief executive officer now directly owns 249,683 shares in the company, valued at $30,686,040.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Chairman Joel S. Marcus sold 7,500 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $118.92, for a total value of $891,900.00. Following the transaction, the chairman now directly owns 429,538 shares of the company’s stock, valued at approximately $51,080,658.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Peter M. Moglia sold 3,200 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $122.90, for a total value of $393,280.00. Following the sale, the chief executive officer now directly 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. Insiders own 1.15% of the company’s stock.

Alexandria Real Estate Equities Price Performance

Alexandria Real Estate Equities stock traded down $1.11 during mid-day trading on Thursday, hitting $124.06. 771,465 shares of the company were exchanged, compared to its average volume of 954,879. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.30 and a quick ratio of 0.30. Alexandria Real Estate Equities, Inc. has a 12-month low of $90.73 and a 12-month high of $135.45. The business’s 50 day simple moving average is $122.42 and its two-hundred day simple moving average is $119.35. The company has a market capitalization of $21.70 billion, a P/E ratio of 115.95, a PEG ratio of 2.32 and a beta of 1.07.

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 given a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date was Wednesday, March 27th. Alexandria Real Estate Equities’s dividend payout ratio is presently 474.77%.

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.