NEOS Investment Management LLC Acquires Shares of 2,124 Alexandria Real Estate Equities, Inc. (NYSE:ARE)

NEOS Investment Management LLC bought a new position in Alexandria Real Estate Equities, Inc. (NYSE:AREFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,124 shares of the real estate investment trust’s stock, valued at approximately $269,000.

Other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its position in Alexandria Real Estate Equities by 6.3% during the third quarter. Assenagon Asset Management S.A. now owns 3,052 shares of the real estate investment trust’s stock worth $306,000 after purchasing an additional 182 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in Alexandria Real Estate Equities by 11.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 14,059 shares of the real estate investment trust’s stock worth $1,407,000 after buying an additional 1,473 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Alexandria Real Estate Equities by 2.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 922,505 shares of the real estate investment trust’s stock valued at $92,343,000 after buying an additional 21,557 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Alexandria Real Estate Equities by 12.2% during the third quarter. Janney Montgomery Scott LLC now owns 21,464 shares of the real estate investment trust’s stock worth $2,149,000 after acquiring an additional 2,332 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in shares of Alexandria Real Estate Equities by 17.5% in the third quarter. D.A. Davidson & CO. now owns 3,700 shares of the real estate investment trust’s stock worth $370,000 after acquiring an additional 550 shares during the period. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Stock Performance

NYSE ARE opened at $116.41 on Friday. Alexandria Real Estate Equities, Inc. has a 52-week low of $90.73 and a 52-week high of $135.45. The company has a fifty day moving average of $120.38 and a 200-day moving average of $121.48. The company has a market capitalization of $20.36 billion, a P/E ratio of 108.79, a P/E/G ratio of 2.94 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.

Alexandria Real Estate Equities Increases Dividend

The company 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. The ex-dividend date of this dividend is Thursday, June 27th. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. This represents a $5.20 annualized dividend and a dividend yield of 4.47%. Alexandria Real Estate Equities’s dividend payout ratio is 485.98%.

Insider Buying and Selling at Alexandria Real Estate Equities

In other news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the firm’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 transaction, 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 can be accessed through this link. Company insiders own 1.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ARE shares. Wedbush reiterated 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 upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Finally, Evercore ISI reduced 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 note 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 stock. According to MarketBeat.com, Alexandria Real Estate Equities has an average rating of “Moderate Buy” and a consensus price target of $136.75.

Read Our Latest Stock Analysis on ARE

Alexandria Real Estate Equities 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.

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

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