BTC Capital Management Inc. Takes $281,000 Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

BTC Capital Management Inc. purchased a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,180 shares of the real estate investment trust’s stock, valued at approximately $281,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ARE. Fulton Bank N.A. lifted its position in shares of Alexandria Real Estate Equities by 4.2% during the first quarter. Fulton Bank N.A. now owns 2,074 shares of the real estate investment trust’s stock worth $267,000 after purchasing an additional 83 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Alexandria Real Estate Equities by 29.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 376 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 85 shares in the last quarter. Arbor Capital Management Inc. ADV boosted its position in Alexandria Real Estate Equities by 1.3% in 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 buying an additional 109 shares during the last quarter. Wahed Invest LLC boosted its position in Alexandria Real Estate Equities by 5.5% in the 3rd quarter. Wahed Invest LLC now owns 2,695 shares of the real estate investment trust’s stock valued at $270,000 after buying an additional 141 shares during the last quarter. Finally, HHM Wealth Advisors LLC increased its stake in shares of Alexandria Real Estate Equities by 340.9% in the 4th quarter. HHM Wealth Advisors LLC now owns 194 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on ARE. Evercore ISI decreased their price target on Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. 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, Wedbush restated an “outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Alexandria Real Estate Equities presently has an average rating of “Moderate Buy” and a consensus target price of $136.75.

Insider Buying and Selling

In other news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $4.21, for a total transaction of $631,500.00. Following the completion of the transaction, the insider now directly owns 6,005,077 shares of the company’s stock, valued at $25,281,374.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.15% of the stock is currently owned by company insiders.

Alexandria Real Estate Equities Trading Up 1.1 %

ARE opened at $116.56 on Friday. Alexandria Real Estate Equities, Inc. has a twelve month low of $90.73 and a twelve month high of $135.45. The firm has a market cap of $20.38 billion, a PE ratio of 108.94, a price-to-earnings-growth ratio of 2.89 and a beta of 1.12. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.30 and a current ratio of 0.30. The firm’s fifty day moving average is $118.30 and its two-hundred day moving average is $122.04.

Alexandria Real Estate Equities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $1.30 per share. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend is Friday, June 28th. This represents a $5.20 annualized dividend and a dividend yield of 4.46%. Alexandria Real Estate Equities’s dividend payout ratio is currently 474.77%.

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.