Huntington National Bank Sells 396 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Huntington National Bank trimmed its position in Alexandria Real Estate Equities, Inc. (NYSE:AREFree Report) by 7.1% during the third quarter, Holdings Channel reports. The institutional investor owned 5,182 shares of the real estate investment trust’s stock after selling 396 shares during the quarter. Huntington National Bank’s holdings in Alexandria Real Estate Equities were worth $519,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Ronald Blue Trust Inc. boosted its position in Alexandria Real Estate Equities by 142.5% in the 3rd quarter. Ronald Blue Trust Inc. now owns 325 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 191 shares during the last quarter. CENTRAL TRUST Co bought a new position in shares of Alexandria Real Estate Equities in the 3rd quarter worth $33,000. Resurgent Financial Advisors LLC bought a new position in shares of Alexandria Real Estate Equities in the 4th quarter worth $38,000. Clear Street Markets LLC boosted its position in shares of Alexandria Real Estate Equities by 104.6% in the 1st quarter. Clear Street Markets LLC now owns 309 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 158 shares during the last quarter. Finally, Covestor Ltd boosted its position in shares of Alexandria Real Estate Equities by 121.9% in the 2nd quarter. Covestor Ltd now owns 406 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 223 shares during the last quarter. 86.36% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Alexandria Real Estate Equities news, EVP Madeleine Thorp Alsbrook sold 4,854 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $119.55, for a total transaction of $580,295.70. Following the transaction, the executive vice president now owns 19,740 shares of the company’s stock, valued at $2,359,917. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Alexandria Real Estate Equities news, EVP Madeleine Thorp Alsbrook sold 4,854 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $119.55, for a total transaction of $580,295.70. Following the transaction, the executive vice president now owns 19,740 shares of the company’s stock, valued at $2,359,917. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Daniel J. Ryan sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $118.07, for a total value of $1,180,700.00. Following the sale, the insider now owns 166,308 shares of the company’s stock, valued at approximately $19,635,985.56. The disclosure for this sale can be found here. Insiders have sold a total of 17,354 shares of company stock valued at $2,053,571 over the last 90 days. 1.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ARE shares. Wedbush restated an “outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Mizuho raised their price target on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. JMP Securities reiterated a “market outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft initiated coverage on Alexandria Real Estate Equities in a report on Tuesday, January 30th. They set a “buy” rating and a $140.00 target price on the stock. Finally, StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $137.13.

Read Our Latest Research Report on ARE

Alexandria Real Estate Equities Stock Performance

ARE opened at $116.21 on Friday. The business’s 50-day moving average price is $124.41 and its two-hundred day moving average price is $113.74. Alexandria Real Estate Equities, Inc. has a 1 year low of $90.73 and a 1 year high of $167.33. The company has a market capitalization of $20.33 billion, a price-to-earnings ratio of 215.21, a P/E/G ratio of 2.35 and a beta of 1.06. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.26 and a quick ratio of 0.26.

Alexandria Real Estate Equities (NYSE:AREGet Free Report) last released its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of $2.29 by ($2.83). Alexandria Real Estate Equities had a net margin of 3.59% and a return on equity of 0.46%. The firm had revenue of $757.22 million during the quarter, compared to analyst estimates of $740.16 million. During the same period in the prior year, the business earned $2.14 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. Equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.46 EPS for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were given a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date was Thursday, December 28th. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.24. Alexandria Real Estate Equities’s payout ratio is 940.76%.

About Alexandria Real Estate Equities

(Free Report)

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.

See Also

Want to see what other hedge funds are holding ARE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexandria Real Estate Equities, Inc. (NYSE:AREFree Report).

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

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