Geneos Wealth Management Inc. Lowers Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Geneos Wealth Management Inc. reduced its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 5.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,932 shares of the real estate investment trust’s stock after selling 1,713 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Alexandria Real Estate Equities were worth $3,730,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Mutual of America Capital Management LLC raised its holdings in Alexandria Real Estate Equities by 24.7% in the 4th quarter. Mutual of America Capital Management LLC now owns 43,196 shares of the real estate investment trust’s stock valued at $5,476,000 after acquiring an additional 8,555 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Alexandria Real Estate Equities by 18.3% during the fourth quarter. Hsbc Holdings PLC now owns 545,069 shares of the real estate investment trust’s stock worth $69,245,000 after buying an additional 84,479 shares during the last quarter. Whittier Trust Co. grew its holdings in Alexandria Real Estate Equities by 36.0% in the 4th quarter. Whittier Trust Co. now owns 75,337 shares of the real estate investment trust’s stock valued at $9,550,000 after buying an additional 19,931 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Alexandria Real Estate Equities by 19.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 161,070 shares of the real estate investment trust’s stock worth $20,419,000 after acquiring an additional 25,955 shares during the last quarter. Finally, Bluefin Capital Management LLC acquired a new position in shares of Alexandria Real Estate Equities during the 4th quarter valued at about $838,000. 96.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on ARE. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Evercore ISI cut their target price on shares of Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Finally, Wedbush reissued an “outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $136.75.

Alexandria Real Estate Equities Stock Performance

ARE traded up $7.89 on Thursday, reaching $124.83. The company had a trading volume of 1,372,840 shares, compared to its average volume of 908,965. The stock has a 50-day moving average price of $118.08 and a 200-day moving average price of $121.24. The stock has a market capitalization of $21.83 billion, a PE ratio of 109.23, a P/E/G ratio of 2.92 and a beta of 1.15. Alexandria Real Estate Equities, Inc. has a 1 year low of $90.73 and a 1 year high of $135.45. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.54.

Alexandria Real Estate Equities Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend is Friday, June 28th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. Alexandria Real Estate Equities’s payout ratio is 485.99%.

Insider Buying and Selling at Alexandria Real Estate Equities

In other news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $25,281,374.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.15% of the stock is owned by company insiders.

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.