Financial Management Professionals Inc. Raises Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Financial Management Professionals Inc. boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 66.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,319 shares of the real estate investment trust’s stock after buying an additional 923 shares during the period. Financial Management Professionals Inc.’s holdings in Alexandria Real Estate Equities were worth $299,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ARE. Oakworth Capital Inc. acquired a new position in Alexandria Real Estate Equities during the fourth quarter worth about $25,000. Capital Advisors Ltd. LLC purchased a new position in Alexandria Real Estate Equities in the 4th quarter worth approximately $25,000. HHM Wealth Advisors LLC boosted its holdings in shares of Alexandria Real Estate Equities by 340.9% during the 4th quarter. HHM Wealth Advisors LLC now owns 194 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 150 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Alexandria Real Estate Equities by 275.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 171 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at approximately $30,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Up 1.6 %

Shares of ARE stock opened at $116.97 on Friday. The company has a 50-day moving average of $118.27 and a two-hundred day moving average of $121.92. The firm has a market cap of $20.46 billion, a PE ratio of 109.32, a price-to-earnings-growth ratio of 2.91 and a beta of 1.12. Alexandria Real Estate Equities, Inc. has a 1-year low of $90.73 and a 1-year high of $135.45. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.30 and a quick ratio of 0.30.

Alexandria Real Estate Equities Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.45%. The ex-dividend date is Friday, June 28th. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 485.99%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ARE. Wedbush reissued an “outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 24th. StockNews.com raised 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 cut their price objective 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 equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $136.75.

Insider Buying and Selling at Alexandria Real Estate Equities

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 value of $631,500.00. Following the completion of the sale, the insider now directly owns 6,005,077 shares of the company’s stock, valued at $25,281,374.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.15% of the stock is owned by corporate insiders.

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.