Mackenzie Financial Corp Cuts Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Mackenzie Financial Corp lessened its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 25.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,875 shares of the real estate investment trust’s stock after selling 4,010 shares during the quarter. Mackenzie Financial Corp’s holdings in Alexandria Real Estate Equities were worth $1,505,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Invesco Ltd. raised its position in Alexandria Real Estate Equities by 7.9% in the third quarter. Invesco Ltd. now owns 2,654,089 shares of the real estate investment trust’s stock worth $265,674,000 after acquiring an additional 194,651 shares in the last quarter. Legal & General Group Plc grew its holdings in Alexandria Real Estate Equities by 3.4% in the third quarter. Legal & General Group Plc now owns 2,316,770 shares of the real estate investment trust’s stock valued at $231,909,000 after purchasing an additional 77,012 shares during the last quarter. Northern Trust Corp grew its holdings in Alexandria Real Estate Equities by 2.6% in the third quarter. Northern Trust Corp now owns 2,168,273 shares of the real estate investment trust’s stock valued at $217,044,000 after purchasing an additional 54,717 shares during the last quarter. FMR LLC grew its holdings in Alexandria Real Estate Equities by 0.7% in the third quarter. FMR LLC now owns 1,508,541 shares of the real estate investment trust’s stock valued at $151,005,000 after purchasing an additional 10,914 shares during the last quarter. Finally, Bamco Inc. NY grew its holdings in Alexandria Real Estate Equities by 4.7% in the third quarter. Bamco Inc. NY now owns 1,202,373 shares of the real estate investment trust’s stock valued at $120,358,000 after purchasing an additional 53,640 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on ARE shares. Deutsche Bank Aktiengesellschaft started coverage on Alexandria Real Estate Equities in a report on Tuesday, January 30th. They issued a “buy” rating and a $140.00 target price on the stock. Mizuho upped their target price on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Wedbush reaffirmed an “outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.13.

Insider Buying and Selling at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 3,200 shares of Alexandria Real Estate Equities stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $122.90, for a total value of $393,280.00. Following the completion of the sale, the chief executive officer now owns 249,683 shares in the company, valued at approximately $30,686,040.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Peter M. Moglia sold 3,200 shares of Alexandria Real Estate Equities stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $122.90, for a total value of $393,280.00. Following the transaction, the chief executive officer now directly owns 249,683 shares of the company’s stock, valued at approximately $30,686,040.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Joel S. Marcus sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $118.92, for a total value of $891,900.00. Following the completion of the transaction, the chairman now directly owns 429,538 shares in the company, valued at $51,080,658.96. The disclosure for this sale can be found here. 1.15% of the stock is owned by company insiders.

Alexandria Real Estate Equities Stock Up 0.1 %

ARE opened at $119.65 on Thursday. The business’s fifty day simple moving average is $123.08 and its 200 day simple moving average is $116.99. Alexandria Real Estate Equities, Inc. has a 52 week low of $90.73 and a 52 week high of $135.45. The firm has a market cap of $20.93 billion, a P/E ratio of 111.82, a PEG ratio of 2.71 and a beta of 1.05. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.50.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS for the quarter, missing the consensus estimate of $2.29 by ($2.83). The business had revenue of $757.22 million during the quarter, compared to analysts’ expectations of $740.16 million. Alexandria Real Estate Equities had a net margin of 6.65% and a return on equity of 0.87%. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.14 EPS. As a group, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.46 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $1.27 dividend. This represents a $5.08 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend was Wednesday, March 27th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 474.77%.

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.