Janus Henderson Group PLC increased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 335.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,556 shares of the real estate investment trust’s stock after buying an additional 55,908 shares during the quarter. Janus Henderson Group PLC’s holdings in Alexandria Real Estate Equities were worth $3,367,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CYBER HORNET ETFs LLC purchased a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth about $30,000. BOKF NA grew its holdings in Alexandria Real Estate Equities by 6,033.3% in the third quarter. BOKF NA now owns 368 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 362 shares during the period. MUFG Securities EMEA plc acquired a new position in Alexandria Real Estate Equities during the second quarter worth approximately $33,000. CIBC Private Wealth Group LLC increased its position in Alexandria Real Estate Equities by 109.6% during the third quarter. CIBC Private Wealth Group LLC now owns 436 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 228 shares during the last quarter. Finally, Whittier Trust Co. raised its stake in Alexandria Real Estate Equities by 614.4% during the fourth quarter. Whittier Trust Co. now owns 743 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 639 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.
Alexandria Real Estate Equities Price Performance
Shares of NYSE ARE opened at $49.74 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.19 and a quick ratio of 0.20. Alexandria Real Estate Equities, Inc. has a 1-year low of $39.41 and a 1-year high of $88.24. The company has a market capitalization of $8.67 billion, a price-to-earnings ratio of -8.21, a PEG ratio of 5.90 and a beta of 1.15. The business has a 50-day moving average of $51.14 and a 200-day moving average of $50.19.
Alexandria Real Estate Equities Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.72 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.88 annualized dividend and a yield of 5.8%. Alexandria Real Estate Equities’s payout ratio is -45.93%.
Insider Transactions at Alexandria Real Estate Equities
In other Alexandria Real Estate Equities news, CFO Marc E. Binda sold 2,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $54.00, for a total value of $108,000.00. Following the transaction, the chief financial officer owned 188,264 shares in the company, valued at $10,166,256. The trade was a 1.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.35% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the stock. Jefferies Financial Group lowered their price objective on shares of Alexandria Real Estate Equities from $57.00 to $47.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. Mizuho reduced their target price on Alexandria Real Estate Equities from $70.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, July 6th. Wall Street Zen downgraded Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Saturday. Royal Bank Of Canada dropped their price target on Alexandria Real Estate Equities from $60.00 to $50.00 and set a “sector perform” rating for the company in a research note on Tuesday, May 5th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $53.00 price objective on shares of Alexandria Real Estate Equities in a research note on Thursday, June 11th. Two research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $52.00.
Alexandria Real Estate Equities Profile
Alexandria Real Estate Equities, Inc (NYSE: ARE) is a real estate investment trust specializing in the ownership, development and management of collaborative life science and technology campuses. The company’s properties are designed to support research and innovation by providing specialized laboratory, office and manufacturing space tailored to biotechnology, pharmaceutical, academic and related industries.
Since its founding in 1994, Alexandria has cultivated a diversified portfolio of campuses across leading innovation clusters in North America and Europe.
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