Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:AREFree Report) by 12.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,632 shares of the real estate investment trust’s stock after purchasing an additional 4,467 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Alexandria Real Estate Equities were worth $5,109,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Alexandria Real Estate Equities during the fourth quarter worth about $2,086,085,000. APG Asset Management US Inc. increased its position in Alexandria Real Estate Equities by 0.5% during the fourth quarter. APG Asset Management US Inc. now owns 7,216,689 shares of the real estate investment trust’s stock worth $914,860,000 after purchasing an additional 39,243 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Alexandria Real Estate Equities by 0.9% during the fourth quarter. Victory Capital Management Inc. now owns 3,747,866 shares of the real estate investment trust’s stock valued at $475,117,000 after acquiring an additional 32,122 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Alexandria Real Estate Equities by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,391,396 shares of the real estate investment trust’s stock valued at $303,166,000 after acquiring an additional 22,105 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Alexandria Real Estate Equities by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,665,800 shares of the real estate investment trust’s stock valued at $211,173,000 after acquiring an additional 62,540 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred 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 transaction, the insider now owns 6,005,077 shares in the company, valued at $25,281,374.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.15% of the stock is owned by insiders.

Alexandria Real Estate Equities Stock Down 0.2 %

Alexandria Real Estate Equities stock traded down $0.18 during trading on Wednesday, reaching $115.86. The stock had a trading volume of 98,381 shares, compared to its average volume of 901,290. Alexandria Real Estate Equities, Inc. has a 52-week low of $90.73 and a 52-week high of $135.45. The business has a 50 day moving average price of $118.08 and a 200 day moving average price of $121.27. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.54. The stock has a market cap of $20.26 billion, a PE ratio of 108.49, a P/E/G ratio of 2.92 and a beta of 1.15.

Alexandria Real Estate Equities Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $1.30 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $5.20 dividend on an annualized basis and a yield of 4.49%. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. Alexandria Real Estate Equities’s payout ratio is currently 485.99%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ARE shares. Wedbush reiterated an “outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 24th. StockNews.com upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Finally, Evercore ISI dropped their price target on shares of Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $136.75.

Get Our Latest Stock Report on Alexandria Real Estate Equities

Alexandria Real Estate Equities Company Profile

(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.

Further Reading

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

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