24,949 Shares in Alexandria Real Estate Equities, Inc. $ARE Bought by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC bought a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 24,949 shares of the real estate investment trust’s stock, valued at approximately $1,184,000.

Other institutional investors also recently modified their holdings of the company. OMERS ADMINISTRATION Corp increased its position in shares of Alexandria Real Estate Equities by 4.3% during the first quarter. OMERS ADMINISTRATION Corp now owns 6,149 shares of the real estate investment trust’s stock valued at $285,000 after acquiring an additional 252 shares during the last quarter. Arizona State Retirement System boosted its position in Alexandria Real Estate Equities by 0.7% in the second quarter. Arizona State Retirement System now owns 42,994 shares of the real estate investment trust’s stock worth $2,272,000 after purchasing an additional 286 shares during the last quarter. Tema ETFs LLC boosted its position in Alexandria Real Estate Equities by 10.5% in the second quarter. Tema ETFs LLC now owns 3,060 shares of the real estate investment trust’s stock worth $162,000 after purchasing an additional 290 shares during the last quarter. Parallel Advisors LLC boosted its position in Alexandria Real Estate Equities by 7.3% in the third quarter. Parallel Advisors LLC now owns 4,585 shares of the real estate investment trust’s stock worth $218,000 after purchasing an additional 310 shares during the last quarter. Finally, Mather Group LLC. grew its stake in Alexandria Real Estate Equities by 30.1% in the 3rd quarter. Mather Group LLC. now owns 1,408 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 326 shares during the period. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Trading Up 2.4%

Alexandria Real Estate Equities stock opened at $45.86 on Tuesday. The stock has a market cap of $7.99 billion, a P/E ratio of -5.45 and a beta of 1.17. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $38.34 and a fifty-two week high of $59.76. The firm’s fifty day moving average price is $47.09 and its 200-day moving average price is $49.32. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.14 and a current ratio of 0.14.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, October 26th. The real estate investment trust reported ($3.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($3.71). Alexandria Real Estate Equities had a negative net margin of 51.81% and a negative return on equity of 7.52%. The business had revenue of $671.18 million for the quarter, compared to the consensus estimate of $646.26 million. During the same period in the prior year, the business posted $2.22 EPS. Alexandria Real Estate Equities’s quarterly revenue was down 10.7% on a year-over-year basis. Equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.39 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a $0.72 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.88 annualized dividend and a dividend yield of 6.3%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently -34.20%.

Insider Buying and Selling at Alexandria Real Estate Equities

In other news, CAO Andres Gavinet sold 10,000 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $50.93, for a total transaction of $509,300.00. Following the completion of the sale, the chief accounting officer owned 102,516 shares in the company, valued at approximately $5,221,139.88. This trade represents a 8.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kristina Fukuzaki-Carlson sold 16,810 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $50.51, for a total value of $849,073.10. Following the transaction, the executive vice president directly owned 39,152 shares of the company’s stock, valued at $1,977,567.52. The trade was a 30.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from a “neutral” rating to an “underweight” rating and set a $56.00 target price for the company. in a research report on Thursday, September 24th. Royal Bank Of Canada cut their price target on shares of Alexandria Real Estate Equities from $51.00 to $47.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 3rd. Robert W. Baird boosted their price target on shares of Alexandria Real Estate Equities from $46.00 to $52.00 and gave the stock a “neutral” rating in a report on Monday, August 24th. Raymond James Financial set a $41.00 price target on shares of Alexandria Real Estate Equities in a research report on Monday, October 12th. Finally, Zacks Research raised shares of Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 19th. Two investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, Alexandria Real Estate Equities presently has an average rating of “Reduce” and an average target price of $49.79.

Alexandria Real Estate Equities Profile

Alexandria Real Estate Equities, Inc is a real estate investment trust specializing in life science, technology and other knowledge-based industries. Founded in 1994, the company develops, owns and operates collaborative campuses that bring together companies, researchers and institutions.

Its properties include laboratory, office and manufacturing space, as well as related facilities and amenities designed to support research and innovation. Alexandria also makes strategic investments in companies in the life science and technology sectors through its venture investment platform.

The company serves major U.S.