Phocas Financial Corp. Sells 495 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Phocas Financial Corp. cut its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,508 shares of the real estate investment trust’s stock after selling 495 shares during the quarter. Phocas Financial Corp.’s holdings in Alexandria Real Estate Equities were worth $2,113,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Gradient Investments LLC bought a new stake in Alexandria Real Estate Equities in the 4th quarter worth about $27,993,000. Wedmont Private Capital bought a new stake in Alexandria Real Estate Equities in the 4th quarter worth about $304,000. Massmutual Trust Co. FSB ADV increased its holdings in Alexandria Real Estate Equities by 23.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 3,007 shares of the real estate investment trust’s stock worth $438,000 after buying an additional 571 shares in the last quarter. Fulton Bank N.A. bought a new stake in Alexandria Real Estate Equities in the 4th quarter worth about $215,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Alexandria Real Estate Equities by 6.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 106,625 shares of the real estate investment trust’s stock worth $14,948,000 after buying an additional 6,132 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock traded down $3.22 during trading hours on Friday, reaching $120.87. 5,926,084 shares of the company traded hands, compared to its average volume of 1,047,747. Alexandria Real Estate Equities, Inc. has a 12-month low of $118.48 and a 12-month high of $206.85. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market cap of $20.92 billion, a P/E ratio of 38.62, a P/E/G ratio of 1.83 and a beta of 0.95. The firm has a 50-day moving average price of $152.74 and a 200 day moving average price of $148.20.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last posted its quarterly earnings data on Tuesday, January 31st. The real estate investment trust reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $2.13 by ($1.82). Alexandria Real Estate Equities had a net margin of 20.15% and a return on equity of 2.80%. The company had revenue of $670.28 million for the quarter, compared to analysts’ expectations of $674.21 million. During the same period in the previous year, the firm earned $1.97 earnings per share. The firm’s quarterly revenue was up 16.2% on a year-over-year basis. As a group, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 8.95 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be issued a $1.21 dividend. The ex-dividend date is Thursday, March 30th. This represents a $4.84 dividend on an annualized basis and a yield of 4.00%. Alexandria Real Estate Equities’s dividend payout ratio is presently 154.63%.

Insider Buying and Selling

In related news, Chairman Joel S. Marcus sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $168.00, for a total value of $1,512,000.00. Following the transaction, the chairman now directly owns 388,729 shares of the company’s stock, valued at approximately $65,306,472. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Chairman Joel S. Marcus sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $168.00, for a total value of $1,512,000.00. Following the transaction, the chairman now directly owns 388,729 shares of the company’s stock, valued at approximately $65,306,472. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Hunter Kass sold 3,803 shares of the business’s stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $167.45, for a total value of $636,812.35. Following the completion of the transaction, the director now directly owns 87,850 shares in the company, valued at $14,710,482.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,101 shares of company stock valued at $2,700,271. Corporate insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Mizuho lifted their price objective on Alexandria Real Estate Equities from $178.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, February 13th. StockNews.com initiated coverage on Alexandria Real Estate Equities in a research report on Thursday. They issued a “hold” rating on the stock. JPMorgan Chase & Co. raised their target price on Alexandria Real Estate Equities from $176.00 to $177.00 and gave the stock an “overweight” rating in a research report on Thursday, February 2nd. Evercore ISI dropped their target price on Alexandria Real Estate Equities to $168.00 in a research report on Friday, December 2nd. Finally, JMP Securities reissued a “buy” rating and issued a $180.00 target price on shares of Alexandria Real Estate Equities in a research report on Tuesday, January 31st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $175.63.

About Alexandria Real Estate Equities

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Alexandria Real Estate Equities, Inc engages in the business of providing space for lease. The firm is also an owner, operator, and developer of life science, agrotechnology, and technology campuses in Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.