First Hawaiian Bank Buys 413 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)


First Hawaiian Bank increased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) shares by 14.3% in the first quarter, Holdings Channel reports. The fund owned 3,303 shares of Real Estate Investment Trust after purchasing an additional 413 shares during the period. First Hawaiian Bank’s holdings in Alexandria Real Estate Equities were worth $665,000 at the time of its most recent SEC filing.

Other institutional investors have also changed their stakes in the company. Nomura Asset Management Co.Ltd. added 6.8% to its holdings in Alexandria Real Estate Equities in the fourth quarter. Nomura Asset Management Co.Ltd. now owns 148,919 shares of the Real Estate Investment Trust valued at $33,203,000 after purchasing an additional 9,542 shares last quarter. BTC Capital Management Inc. increased its stake in Alexandria Real Estate Equities by 29.6% in the fourth quarter. BTC Capital Management Inc. now owns 2,915 shares of the $650,000 Real Estate Investment Trust after purchasing an additional 665 shares last quarter. Capital World Investors added 0.3% to its holdings in Alexandria Real Estate Equities in the fourth quarter. Capital World Investors now owns 3,624,923 shares of the Real Estate Investment Trust worth $808,213,000 after purchasing an additional 9,123 shares last quarter. The National Bank of Canada FI bought a new position in Alexandria Real Estate Equities valued at about $107,000 during the fourth quarter. Finally, Peapack Gladstone Financial Corp added 6.3% to its holdings in Alexandria Real Estate Equities in the fourth quarter. Peapack Gladstone Financial Corp now owns 19,073 shares of the Real Estate Investment Trust valued at $4,253,000 after purchasing an additional 1,123 shares last quarter. Institutional investors own 94.49% of the company’s shares.

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

Shares of Alexandria Real Estate Equities opened at $133.39 on Thursday. The company has a market cap of $21.77 billion, a P/E of 47.81, a PEG ratio of 2.03, and a beta of 0.85. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt to equity ratio of 0.51. 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, Inc. has a 52-week low of $130.00 and a 52-week high of $224.95.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last announced its quarterly earnings data on Monday, April 25th. The Real Estate Investment Trust reported ($0.96) EPS for the quarter, missing the consensus estimate of $0.75 by ($1.71). The company had revenue of $615.10 million for the quarter, compared to analysts’ expectations of $595.35 million. Alexandria Real Estate Equities had a net margin of 18.30% and a return on equity of 2.28%. The company’s revenue for the quarter increased 28.2% compared to the same quarter last year. In the same period last year, the company generated earnings per share of $1.91. As a group, research analysts expect Alexandria Real Estate Equities, Inc. to report fiscal year-to-date earnings per share of 8.4.

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

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

Alexandria Real Estate Equities Company Profile (get 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”)).

Further reading

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



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