Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp increased its position in Alexandria Real Estate Equities, Inc. (NYSE:AREFree Report) by 4.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,389 shares of the real estate investment trust’s stock after acquiring an additional 2,759 shares during the period. Van ECK Associates Corp’s holdings in Alexandria Real Estate Equities were worth $8,816,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Alexandria Real Estate Equities in the 4th quarter worth approximately $2,086,085,000. APG Asset Management US Inc. grew its holdings in shares of Alexandria Real Estate Equities by 0.5% in the 4th quarter. APG Asset Management US Inc. now owns 7,216,689 shares of the real estate investment trust’s stock worth $914,860,000 after acquiring an additional 39,243 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Alexandria Real Estate Equities by 0.9% in the 4th quarter. Victory Capital Management Inc. now owns 3,747,866 shares of the real estate investment trust’s stock worth $475,117,000 after acquiring an additional 32,122 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Alexandria Real Estate Equities by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,391,396 shares of the real estate investment trust’s stock worth $303,166,000 after acquiring an additional 22,105 shares during the period. Finally, Legal & General Group Plc grew its holdings in shares of Alexandria Real Estate Equities by 3.4% in the 3rd quarter. Legal & General Group Plc now owns 2,316,770 shares of the real estate investment trust’s stock worth $231,909,000 after acquiring an additional 77,012 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Down 0.2 %

Shares of ARE opened at $116.80 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $20.43 billion, a P/E ratio of 109.16, a price-to-earnings-growth ratio of 2.93 and a beta of 1.15. The stock’s fifty day simple moving average is $118.12 and its 200 day simple moving average is $121.53. Alexandria Real Estate Equities, Inc. has a twelve month low of $90.73 and a twelve month high of $135.45.

Alexandria Real Estate Equities Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a $1.30 dividend. 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 4.45%. The ex-dividend date is Friday, June 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 485.99%.

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 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 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 1.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ARE. Wedbush reiterated an “outperform” rating and set a $140.00 target price 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 report on Thursday, March 21st. Finally, Evercore ISI decreased their price objective 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. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $136.75.

Get Our Latest Analysis on ARE

About Alexandria Real Estate Equities

(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.

Read More

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

Receive News & Ratings for Alexandria Real Estate Equities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexandria Real Estate Equities and related companies with MarketBeat.com's FREE daily email newsletter.