Rafferty Asset Management LLC Purchases 3,589 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Rafferty Asset Management LLC grew its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:AREFree Report) by 20.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,980 shares of the real estate investment trust’s stock after buying an additional 3,589 shares during the quarter. Rafferty Asset Management LLC’s holdings in Alexandria Real Estate Equities were worth $2,660,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. NEOS Investment Management LLC bought a new stake in Alexandria Real Estate Equities during the fourth quarter worth about $269,000. The Manufacturers Life Insurance Company grew its stake in Alexandria Real Estate Equities by 5.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 136,558 shares of the real estate investment trust’s stock worth $17,311,000 after buying an additional 6,459 shares during the last quarter. Prudent Man Advisors LLC bought a new stake in Alexandria Real Estate Equities during the fourth quarter worth about $236,000. KBC Group NV grew its stake in Alexandria Real Estate Equities by 1.2% during the fourth quarter. KBC Group NV now owns 30,698 shares of the real estate investment trust’s stock worth $3,892,000 after buying an additional 369 shares during the last quarter. Finally, APG Asset Management US Inc. grew its stake in shares of Alexandria Real Estate Equities by 0.5% during the fourth quarter. APG Asset Management US Inc. now owns 7,216,689 shares of the real estate investment trust’s stock valued at $914,860,000 after purchasing an additional 39,243 shares during the last quarter. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock opened at $114.49 on Friday. Alexandria Real Estate Equities, Inc. has a 52-week low of $90.73 and a 52-week high of $135.45. The stock has a market cap of $20.02 billion, a PE ratio of 107.00, a PEG ratio of 2.91 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 50 day moving average price is $120.09 and its two-hundred day moving average price is $121.67.

Alexandria Real Estate Equities Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $1.30 dividend. The ex-dividend date is Thursday, June 27th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. This represents a $5.20 dividend on an annualized basis and a yield of 4.54%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 474.77%.

Analysts Set New Price Targets

Several research firms have recently commented on ARE. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Evercore ISI decreased 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. Finally, Wedbush reissued an “outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $136.75.

Check Out Our Latest Research Report on Alexandria Real Estate Equities

Insider Buying and Selling at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $4.21, for a total value 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 SEC, which is available through this hyperlink. Insiders own 1.15% of the company’s stock.

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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