Alexandria Real Estate Equities, Inc. (NYSE:ARE) Position Raised by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 138.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 206,146 shares of the real estate investment trust’s stock after purchasing an additional 119,541 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Alexandria Real Estate Equities were worth $26,149,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Fulton Bank N.A. lifted its holdings in shares of Alexandria Real Estate Equities by 4.2% in the first quarter. Fulton Bank N.A. now owns 2,074 shares of the real estate investment trust’s stock valued at $267,000 after buying an additional 83 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Alexandria Real Estate Equities by 29.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 376 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 85 shares during the last quarter. SPC Financial Inc. lifted its holdings in Alexandria Real Estate Equities by 5.4% in the 1st quarter. SPC Financial Inc. now owns 1,950 shares of the real estate investment trust’s stock valued at $251,000 after acquiring an additional 100 shares during the last quarter. Arbor Capital Management Inc. ADV boosted its position in shares of Alexandria Real Estate Equities by 1.3% during the 4th quarter. Arbor Capital Management Inc. ADV now owns 8,606 shares of the real estate investment trust’s stock valued at $1,079,000 after purchasing an additional 109 shares in the last quarter. Finally, Taylor Frigon Capital Management LLC grew its stake in shares of Alexandria Real Estate Equities by 0.7% in the 1st quarter. Taylor Frigon Capital Management LLC now owns 16,234 shares of the real estate investment trust’s stock worth $2,093,000 after purchasing an additional 112 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of Alexandria Real Estate Equities stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $4.21, for a total transaction of $631,500.00. Following 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 filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wedbush reissued an “outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 24th. Evercore ISI raised their price objective on Alexandria Real Estate Equities from $132.00 to $133.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $136.14.

Alexandria Real Estate Equities Trading Down 0.9 %

Shares of ARE stock traded down $1.11 during trading hours on Friday, reaching $125.21. 918,590 shares of the stock traded hands, compared to its average volume of 775,552. 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 firm has a market capitalization of $21.90 billion, a PE ratio of 117.02, a PEG ratio of 3.14 and a beta of 1.15. Alexandria Real Estate Equities, Inc. has a 1-year low of $90.73 and a 1-year high of $135.45. The business has a fifty day moving average price of $119.03 and a 200 day moving average price of $121.15.

Alexandria Real Estate Equities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $1.30 per share. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. This represents a $5.20 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend was Friday, June 28th. Alexandria Real Estate Equities’s payout ratio is 485.99%.

Alexandria Real Estate Equities Profile

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.