EP Wealth Advisors LLC Decreases Holdings in Alexandria Real Estate Equities Inc (NYSE:ARE)

EP Wealth Advisors LLC trimmed its position in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 3.5% during the first quarter, HoldingsChannel reports. The firm owned 22,021 shares of the real estate investment trust’s stock after selling 805 shares during the quarter. EP Wealth Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $3,139,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ARE. Hilton Capital Management LLC acquired a new stake in Alexandria Real Estate Equities in the first quarter valued at about $102,000. Neuburgh Advisers LLC lifted its position in Alexandria Real Estate Equities by 44.8% in the first quarter. Neuburgh Advisers LLC now owns 11,322 shares of the real estate investment trust’s stock valued at $1,614,000 after purchasing an additional 3,502 shares during the period. Tyers Asset Management LLC lifted its position in Alexandria Real Estate Equities by 44.8% in the first quarter. Tyers Asset Management LLC now owns 7,326 shares of the real estate investment trust’s stock valued at $1,044,000 after purchasing an additional 2,266 shares during the period. TCW Group Inc. acquired a new stake in Alexandria Real Estate Equities in the first quarter valued at about $10,761,000. Finally, Northern Trust Corp lifted its position in Alexandria Real Estate Equities by 5.4% in the first quarter. Northern Trust Corp now owns 1,862,697 shares of the real estate investment trust’s stock valued at $265,546,000 after purchasing an additional 95,716 shares during the period. Institutional investors own 98.61% of the company’s stock.

ARE stock opened at $151.30 on Monday. Alexandria Real Estate Equities Inc has a 12-month low of $109.04 and a 12-month high of $153.51. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market cap of $17.09 billion, a PE ratio of 22.92, a P/E/G ratio of 5.04 and a beta of 0.81.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $1.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.68 by ($0.57). Alexandria Real Estate Equities had a net margin of 27.29% and a return on equity of 4.91%. The company had revenue of $358.80 million for the quarter, compared to analyst estimates of $356.93 million. During the same quarter in the previous year, the business posted $1.62 earnings per share. Alexandria Real Estate Equities’s revenue was up 12.1% on a year-over-year basis. On average, analysts forecast that Alexandria Real Estate Equities Inc will post 6.97 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.64%. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.97. The ex-dividend date is Thursday, June 27th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 58.79%.

In other news, CEO Peter M. Moglia sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $139.89, for a total transaction of $419,670.00. Following the completion of the transaction, the chief executive officer now directly owns 176,133 shares of the company’s stock, valued at approximately $24,639,245.37. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Real Estate Equitie Alexandria acquired 975,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were acquired at an average cost of $10.00 per share, with a total value of $9,750,000.00. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 53,830 shares of company stock valued at $7,637,557. Corporate insiders own 1.43% of the company’s stock.

ARE has been the subject of a number of recent analyst reports. Canaccord Genuity restated an “average” rating and issued a $25.00 price objective on shares of Alexandria Real Estate Equities in a research report on Thursday, March 7th. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $152.00 price objective for the company in a research report on Monday, March 4th. Barclays downgraded shares of Alexandria Real Estate Equities from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $130.00 to $136.00 in a research report on Thursday, April 4th. Finally, Mitsubishi UFJ Financial Group raised their price objective on shares of Alexandria Real Estate Equities to $132.00 and gave the company a “neutral” rating in a research report on Thursday, March 7th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Alexandria Real Estate Equities has an average rating of “Buy” and a consensus target price of $108.57.

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Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.

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

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