Nordea Investment Management AB reduces stock position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)


Nordea Investment Management AB reduced its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) shares by 0.2% in the first quarter, Holdings Channel.com reports. The company owned 186,337 shares of Real Estate Investment Trust after selling 299 shares during the quarter. Nordea Investment Management AB’s interests in Alexandria Real Estate Equities were valued at $38,207,000 at the time of the most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Confluence Wealth Services Inc. acquired a new interest 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 Alexandria Real Estate Equities for approximately $48,000 during the fourth quarter. Covestor Ltd acquired a new interest in Alexandria Real Estate Equities valued at approximately $55,000 during the fourth quarter. Finally, Dark Forest Capital Management LP acquired a new interest in Alexandria Real Estate Equities during Q3 for approximately $57,000. 94.49% of the shares are owned by hedge funds and other institutional investors.

ARE stock opened at $133.39 on Thursday. Alexandria Real Estate Equities, Inc. has a 1 year low of $130.00 and a 1 year high of $224.95. The company has a leverage ratio of 0.51, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market cap of $21.77 billion, a price-to-earnings ratio of 47.81, a PEG ratio of 2.03, and a beta of 0.85. The company has a 50-day simple moving average of $166.75 and a 200-day simple moving average of $188.71.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last reported its quarterly earnings results on Monday, April 25th. The Real Estate Investment Trust reported ($0.96) earnings per share for the quarter, missing the consensus estimate of $0.75 ($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 the consensus estimate of $595.35 million. In the same quarter last year, the company generated earnings per share of $1.91. The company’s revenue for the quarter increased 28.2% compared to the same quarter last year. Sell-side analysts expect Alexandria Real Estate Equities, Inc. to post 8.4 EPS for the current fiscal year.

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. This is an increase from Alexandria Real Estate Equities’ previous quarterly dividend of $1.15. That equates to a dividend of $4.72 on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Wednesday June 29th. Alexandria Real Estate Equities’ payout ratio is currently 164.88%.

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

In other news, 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 directly owns 175,602 shares of the Company, valued at approximately $30,110,474.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed at this hyperlink. In addition, 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 $4,556,592.45. The disclosure for this sale can be found here. 0.96% of the shares are currently owned by company insiders.

Alexandria Real Estate Equities Company Profile (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”)).

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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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