Handelsbanken Fonder AB cut its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 61.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,200 shares of the real estate investment trust’s stock after selling 69,393 shares during the period. Handelsbanken Fonder AB’s holdings in Alexandria Real Estate Equities were worth $2,114,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Avalon Trust Co acquired a new position in shares of Alexandria Real Estate Equities during the 3rd quarter worth about $29,000. Cornerstone Planning Group LLC increased its stake in shares of Alexandria Real Estate Equities by 5,916.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 361 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 355 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth about $30,000. BOKF NA increased its stake in shares of Alexandria Real Estate Equities by 6,033.3% during the 3rd quarter. BOKF NA now owns 368 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 362 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth about $33,000. 96.54% of the stock is currently owned by institutional investors and hedge funds.
Alexandria Real Estate Equities Stock Down 0.0%
Shares of ARE opened at $48.36 on Monday. Alexandria Real Estate Equities, Inc. has a 52 week low of $39.41 and a 52 week high of $88.24. The firm has a market cap of $8.43 billion, a P/E ratio of -7.71, a price-to-earnings-growth ratio of 5.86 and a beta of 1.12. The firm’s 50-day simple moving average is $46.12 and its 200 day simple moving average is $50.13. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.20 and a current ratio of 0.20.
Alexandria Real Estate Equities Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.72 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.88 dividend on an annualized basis and a yield of 6.0%. Alexandria Real Estate Equities’s payout ratio is currently -45.93%.
Wall Street Analyst Weigh In
ARE has been the topic of several recent analyst reports. Zacks Research upgraded shares of Alexandria Real Estate Equities from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 29th. Morgan Stanley decreased their price target on shares of Alexandria Real Estate Equities from $55.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Monday, February 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Monday, April 20th. Evercore set a $55.00 price target on shares of Alexandria Real Estate Equities in a research note on Monday, May 4th. Finally, Royal Bank Of Canada decreased their price target on shares of Alexandria Real Estate Equities from $60.00 to $50.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 5th. Three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $51.31.
Get Our Latest Report on Alexandria Real Estate Equities
Insider Buying and Selling at Alexandria Real Estate Equities
In other Alexandria Real Estate Equities news, EVP Gregory Calvin Thomas acquired 3,500 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was purchased at an average price of $41.00 per share, with a total value of $143,500.00. Following the acquisition, the executive vice president directly owned 33,024 shares of the company’s stock, valued at approximately $1,353,984. This trade represents a 11.85% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Joel S. Marcus acquired 7,500 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was acquired at an average cost of $42.72 per share, with a total value of $320,400.00. Following the acquisition, the chairman directly owned 587,724 shares in the company, valued at approximately $25,107,569.28. This trade represents a 1.29% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 1.35% of the company’s stock.
Alexandria Real Estate Equities Profile
Alexandria Real Estate Equities, Inc (NYSE: ARE) is a real estate investment trust specializing in the ownership, development and management of collaborative life science and technology campuses. The company’s properties are designed to support research and innovation by providing specialized laboratory, office and manufacturing space tailored to biotechnology, pharmaceutical, academic and related industries.
Since its founding in 1994, Alexandria has cultivated a diversified portfolio of campuses across leading innovation clusters in North America and Europe.
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