DNB Asset Management AS Boosts Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

DNB Asset Management AS grew its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 3.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,744 shares of the real estate investment trust’s stock after purchasing an additional 971 shares during the period. DNB Asset Management AS’s holdings in Alexandria Real Estate Equities were worth $3,011,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. HHM Wealth Advisors LLC raised its stake in shares of Alexandria Real Estate Equities by 340.9% during the fourth 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 during the period. Oakworth Capital Inc. purchased a new stake in shares of Alexandria Real Estate Equities during the fourth quarter valued at approximately $25,000. Capital Advisors Ltd. LLC bought a new stake in shares of Alexandria Real Estate Equities in the fourth quarter worth $25,000. EverSource Wealth Advisors LLC increased its stake in shares of Alexandria Real Estate Equities by 275.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 171 shares during the last quarter. Finally, Mather Group LLC. bought a new stake in shares of Alexandria Real Estate Equities in the first quarter worth $30,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Jefferies Financial Group lowered shares of 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. Evercore ISI lowered shares of Alexandria Real Estate Equities from an “outperform” rating to an “inline” rating and dropped their price target for the stock from $133.00 to $126.00 in a research note on Thursday, July 25th. Royal Bank of Canada dropped their price target on shares of Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday. Wedbush lowered shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $140.00 to $130.00 in a research note on Wednesday, July 24th. Finally, Bank of America downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $151.00 to $126.00 in a report on Monday, July 29th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Alexandria Real Estate Equities presently has an average rating of “Hold” and a consensus target price of $131.22.

Insider Buying and Selling

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

Alexandria Real Estate Equities Stock Performance

Shares of ARE traded up $3.08 during midday trading on Tuesday, hitting $115.22. 1,166,455 shares of the stock traded hands, compared to its average volume of 934,415. Alexandria Real Estate Equities, Inc. has a 1-year low of $90.73 and a 1-year high of $135.45. The firm has a market capitalization of $20.16 billion, a PE ratio of 109.27, a price-to-earnings-growth ratio of 4.00 and a beta of 1.15. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23. The business’s 50 day moving average price is $118.00 and its two-hundred day moving average price is $120.44.

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

Alexandria Real Estate Equities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $1.30 per share. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend was Friday, June 28th. This represents a $5.20 annualized dividend and a dividend yield of 4.51%. Alexandria Real Estate Equities’s payout ratio is 485.99%.

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.