DNB Asset Management AS Buys 2,059 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)


DNB Asset Management AS increased its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) shares by 9.4% in the first quarter, reports Holdings Channel.com. The company owned 23,951 shares of Real Estate Investment Trust after purchasing an additional 2,059 shares during the period. DNB Asset Management AS’s holdings in Alexandria Real Estate Equities were worth $4,820,000 at the time of its last SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Confluence Wealth Services Inc. acquired a new stake in shares of Alexandria Real Estate Equities valued at approximately $27,000 during the fourth quarter. Consolidated Planning Corp acquired a new interest in shares of Alexandria Real Estate Equities valued at approximately $39,000 during the third quarter. Cordasco Financial Network acquired a new interest in shares of Alexandria Real Estate Equities valued at approximately $48,000 during the fourth quarter. Covestor Ltd acquired a new interest in shares of Alexandria Real Estate Equities valued at approximately $55,000 during the fourth quarter. Finally, Dark Forest Capital Management LP acquired a new interest in shares of Alexandria Real Estate Equities valued at approximately $57,000 during Q3. 94.49% of the shares are currently owned by institutional investors.

A number of equities research analysts recently rated ARE stock. StockNews.com downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report Thursday, April 28. Credit Suisse Group began coverage of shares in Alexandria Real Estate Equities in a report on Wednesday. They rated the stock “neutral.” Finally, on Friday, March 11, TheStreet downgraded shares of Alexandria Real Estate Equities from a “b-” rating to a “c+” rating in a research note. One equities research analyst has assigned a sell rating to the stock, two have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of Moderate Buy and an average price target of $180.80.

In other news, CEO Stephen Richardson sold 5,000 shares of the company in a transaction that took place on Monday May 9th. The shares were sold at an average price of $171.47 for a total transaction of $857,350.00. Upon completion of the sale, the Chief Executive Officer now owns 175,602 shares of the Company, valued at approximately $30,110,474.94. The sale was disclosed in a document filed with the SEC, which is available on the SEC’s website. In addition, General Counsel Jackie B. Clem sold 1,865 shares of the company’s stock in a transaction that took place on Wednesday, April 27th. The stock sold at an average price of $189.55 for a total transaction of $353,510.75. Following the closing of the transaction, the General Counsel now directly owns 24,039 shares of the Company, valued at $4,556,592.45. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s shares.

NYSE:ARE opened at $133.39 on Thursday. The company has a debt to equity ratio of 0.51, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market cap of $21.77 billion, a price-to-earnings ratio of 47.81, a price-to-earnings-to-growth ratio of 2.03 and a beta of 0.85. Alexandria Real Estate Equities, Inc. has a 52-week low of $130.00 and a 52-week high of $224.95. The company has a 50-day moving average price of $166.75 and a 200-day moving average price of $188.71.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last issued its quarterly earnings results on Monday, April 25th. The Real Estate Investment Trust reported ($0.96) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($1.71). Alexandria Real Estate Equities had a return on equity of 2.28% and a net margin of 18.30%. The company had revenue of $615.10 million for the quarter, compared to analysts’ expectations of $595.35 million. In the same quarter last year, the company earned $1.91 per share. The company’s revenue for the quarter rose 28.2% year over year. As a group, sell-side analysts are forecasting that Alexandria Real Estate Equities, Inc. will report year-to-date EPS of 8.4.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30 will receive a dividend of $1.18 per share. The ex-dividend date of this dividend is Wednesday June 29th. That equates to an annualized dividend of $4.72 and a dividend yield of 3.54%. This is a positive change from Alexandria Real Estate Equities’ previous quarterly dividend of $1.15. Alexandria Real Estate Equities’ Dividend Payout Ratio (DPR) is currently 164.88%.

About Alexandria Real Estate Equities (received rating)

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500®– Urban Office Investment Trust (“REIT”), is the first, longest-serving and pioneering owner, operator and developer with a unique focus on collaborative life science, technology and agtech campuses in locations of AAA innovation clusters with a total market capitalization of $31.9 billion as of December 31, 2020 and a North American asset base of 49.7 million square feet (“SF”)).

See also

Want to see what other hedge funds are holding? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating).

Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)



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