Park Avenue Securities LLC Acquires 642 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Park Avenue Securities LLC lifted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 22.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,550 shares of the real estate investment trust’s stock after purchasing an additional 642 shares during the period. Park Avenue Securities LLC’s holdings in Alexandria Real Estate Equities were worth $458,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new position in Alexandria Real Estate Equities during the 4th quarter worth $2,086,085,000. Jennison Associates LLC increased its position in Alexandria Real Estate Equities by 180.3% in the fourth quarter. Jennison Associates LLC now owns 1,010,943 shares of the real estate investment trust’s stock worth $128,157,000 after purchasing an additional 650,248 shares during the period. Ceredex Value Advisors LLC acquired a new position in Alexandria Real Estate Equities during the 4th quarter valued at about $36,223,000. Schroder Investment Management Group lifted its position in Alexandria Real Estate Equities by 87.9% during the 3rd quarter. Schroder Investment Management Group now owns 597,708 shares of the real estate investment trust’s stock valued at $59,831,000 after purchasing an additional 279,649 shares during the period. Finally, First Financial Bankshares Inc acquired a new position in Alexandria Real Estate Equities in the fourth quarter valued at approximately $31,260,000. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ARE. Wedbush restated an “outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, April 24th. StockNews.com upgraded 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 target on shares of Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $136.75.

Insider Transactions at Alexandria Real Estate Equities

In related news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of Alexandria Real Estate Equities stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $4.21, for a total value of $631,500.00. Following the sale, the insider now owns 6,005,077 shares of the company’s stock, valued at $25,281,374.17. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.15% of the company’s stock.

Alexandria Real Estate Equities Price Performance

NYSE ARE opened at $116.97 on Friday. Alexandria Real Estate Equities, Inc. has a 12-month low of $90.73 and a 12-month high of $135.45. The firm’s 50 day moving average is $118.27 and its 200-day moving average is $121.92. The company has a market capitalization 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. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.54.

Alexandria Real Estate Equities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $1.30 per share. The ex-dividend date is Friday, June 28th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. This represents a $5.20 annualized dividend and a yield of 4.45%. Alexandria Real Estate Equities’s payout ratio is 485.99%.

Alexandria Real Estate Equities Company 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.