Prudential Monetary Inc. Sells 293,605 Shares of Alexandria Actual Property Equities, Inc. (NYSE:ARE)



Prudential Monetary Inc. lessened its holdings in Alexandria Actual Property Equities, Inc. (NYSE:ARE – Get Ranking) by 55.9% through the second quarter, in line with the corporate in its most up-to-date Type 13F submitting with the Securities & Change Fee. The institutional investor owned 231,565 shares of the true property funding belief’s inventory after promoting 293,605 shares through the quarter. Prudential Monetary Inc. owned 0.14% of Alexandria Actual Property Equities price $33,493,000 as of its most up-to-date SEC submitting.

Different institutional buyers have additionally made adjustments to their positions within the firm. JPMorgan Chase & Co. raised its place in Alexandria Actual Property Equities by 45.6% through the first quarter. JPMorgan Chase & Co. now owns 4,417,362 shares of the true property funding belief’s inventory price $888,995,000 after buying a further 1,383,240 shares within the final quarter. State Road Corp raised its place in Alexandria Actual Property Equities by 13.6% through the first quarter. State Road Corp now owns 10,367,269 shares of the true property funding belief’s inventory price $2,097,960,000 after buying a further 1,238,751 shares within the final quarter. Vanguard Group Inc. raised its place in Alexandria Actual Property Equities by 4.7% through the first quarter. Vanguard Group Inc. now owns 24,897,323 shares of the true property funding belief’s inventory price $5,010,585,000 after buying a further 1,114,118 shares within the final quarter. Parnassus Investments LLC raised its place in Alexandria Actual Property Equities by 41.1% through the first quarter. Parnassus Investments LLC now owns 3,459,409 shares of the true property funding belief’s inventory price $696,206,000 after buying a further 1,008,054 shares within the final quarter. Lastly, Centersquare Funding Administration LLC raised its place in Alexandria Actual Property Equities by 188.7% through the first quarter. Centersquare Funding Administration LLC now owns 1,341,308 shares of the true property funding belief’s inventory price $269,938,000 after buying a further 876,725 shares within the final quarter. Institutional buyers personal 91.81% of the corporate’s inventory.

Wall Road Analyst Weigh In

A number of analysts have issued reviews on ARE shares. Robert W. Baird upped their value goal on shares of Alexandria Actual Property Equities from $151.00 to $162.00 in a analysis report on Friday, December 2nd. Royal Financial institution of Canada dropped their value goal on shares of Alexandria Actual Property Equities from $220.00 to $200.00 and set an “outperform” score on the inventory in a analysis report on Thursday, November 10th. JMP Securities reiterated a “purchase” score and issued a $180.00 value goal on shares of Alexandria Actual Property Equities in a report on Thursday, October sixth. StockNews.com assumed protection on shares of Alexandria Actual Property Equities in a report on Wednesday, October 12th. They issued a “promote” score on the inventory. Lastly, Evercore ISI decreased their value goal on shares of Alexandria Actual Property Equities to $168.00 in a report on Friday, December 2nd. One analyst has rated the inventory with a promote score, one has given a maintain score and 4 have assigned a purchase score to the corporate. In line with information from MarketBeat.com, Alexandria Actual Property Equities presently has a consensus score of “Reasonable Purchase” and a consensus goal value of $173.43.

Alexandria Actual Property Equities Buying and selling Up 0.4 %

ARE inventory opened at $149.26 on Monday. The corporate has a debt-to-equity ratio of 0.50, a fast ratio of 0.37 and a present ratio of 0.37. The corporate’s 50-day easy shifting common is $144.02 and its 200 day easy shifting common is $149.23. Alexandria Actual Property Equities, Inc. has a 52 week low of $126.74 and a 52 week excessive of $224.95. The corporate has a market capitalization of $24.49 billion, a PE ratio of 45.37, a price-to-earnings-growth ratio of two.30 and a beta of 0.91.

Alexandria Actual Property Equities (NYSE:ARE – Get Ranking) final launched its quarterly earnings outcomes on Tuesday, October 25th. The actual property funding belief reported $2.11 EPS for the quarter, lacking the consensus estimate of $2.12 by ($0.01). Alexandria Actual Property Equities had a internet margin of 21.73% and a return on fairness of three.03%. The enterprise had income of $659.90 million through the quarter, in comparison with analyst estimates of $657.48 million. Throughout the identical quarter final yr, the corporate posted $1.95 earnings per share. The corporate’s income was up 20.5% on a year-over-year foundation. As a bunch, sell-side analysts anticipate that Alexandria Actual Property Equities, Inc. will put up 8.41 earnings per share for the present yr.

Alexandria Actual Property Equities Will increase Dividend

The corporate additionally not too long ago disclosed a quarterly dividend, which will probably be paid on Friday, January 13th. Buyers of file on Friday, December 30th will probably be given a dividend of $1.21 per share. This can be a enhance from Alexandria Actual Property Equities’s earlier quarterly dividend of $1.18. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $4.84 annualized dividend and a yield of three.24%. Alexandria Actual Property Equities’s dividend payout ratio is presently 143.47%.

Insider Shopping for and Promoting

In associated information, EVP Marc E. Binda offered 3,316 shares of the corporate’s inventory in a transaction dated Thursday, December 1st. The shares had been offered at a median value of $154.00, for a complete transaction of $510,664.00. Following the completion of the sale, the manager vice chairman now owns 49,413 shares of the corporate’s inventory, valued at $7,609,602. The transaction was disclosed in a doc filed with the Securities & Change Fee, which is out there on the SEC web site. In associated information, EVP Marc E. Binda offered 3,316 shares of the corporate’s inventory in a transaction dated Thursday, December 1st. The shares had been offered at a median value of $154.00, for a complete transaction of $510,664.00. Following the completion of the sale, the manager vice chairman now owns 49,413 shares of the corporate’s inventory, valued at $7,609,602. The transaction was disclosed in a doc filed with the Securities & Change Fee, which is out there on the SEC web site. Additionally, Chairman Joel S. Marcus offered 2,500 shares of the corporate’s inventory in a transaction dated Monday, December fifth. The inventory was offered at a median value of $152.00, for a complete transaction of $380,000.00. Following the sale, the chairman now straight owns 343,526 shares of the corporate’s inventory, valued at roughly $52,215,952. The disclosure for this sale may be discovered right here. 0.96% of the inventory is presently owned by firm insiders.

About Alexandria Actual Property Equities

(Get Ranking)

Alexandria Actual Property Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> city workplace actual property funding belief (“REIT”), is the primary, longest-tenured, and pioneering proprietor, operator, and developer uniquely targeted on collaborative life science, expertise, and agtech campuses in AAA innovation cluster areas, with a complete market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million sq. toes (“SF”).

Featured Tales

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



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