Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Purchased by Naviter Wealth LLC

Naviter Wealth LLC boosted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 17.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,365 shares of the real estate investment trust’s stock after acquiring an additional 2,022 shares during the period. Naviter Wealth LLC’s holdings in Alexandria Real Estate Equities were worth $1,740,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC raised its holdings in Alexandria Real Estate Equities by 24.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 43,196 shares of the real estate investment trust’s stock valued at $5,476,000 after acquiring an additional 8,555 shares in the last quarter. Hsbc Holdings PLC raised its holdings in Alexandria Real Estate Equities by 18.3% in the fourth quarter. Hsbc Holdings PLC now owns 545,069 shares of the real estate investment trust’s stock valued at $69,245,000 after acquiring an additional 84,479 shares in the last quarter. Whittier Trust Co. raised its holdings in Alexandria Real Estate Equities by 36.0% in the fourth quarter. Whittier Trust Co. now owns 75,337 shares of the real estate investment trust’s stock valued at $9,550,000 after acquiring an additional 19,931 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Alexandria Real Estate Equities by 19.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 161,070 shares of the real estate investment trust’s stock valued at $20,419,000 after purchasing an additional 25,955 shares during the last quarter. Finally, Bluefin Capital Management LLC bought a new stake in Alexandria Real Estate Equities during the fourth quarter valued at $838,000. 96.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ARE shares. Evercore ISI lowered their target price 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. StockNews.com upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Finally, Wedbush reiterated an “outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 24th. Two 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.75.

Insider Activity

In other news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the company’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 owns 6,005,077 shares in the company, valued at approximately $25,281,374.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.15% of the stock is owned by corporate insiders.

Alexandria Real Estate Equities Price Performance

NYSE ARE traded up $1.29 on Tuesday, reaching $117.10. The company’s stock had a trading volume of 731,730 shares, compared to its average volume of 920,903. Alexandria Real Estate Equities, Inc. has a twelve month low of $90.73 and a twelve month high of $135.45. 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 stock has a market cap of $20.48 billion, a PE ratio of 109.39, a PEG ratio of 2.93 and a beta of 1.15. The firm’s 50 day moving average is $118.21 and its two-hundred day moving average is $121.77.

Alexandria Real Estate Equities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $1.30 dividend. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend is Friday, June 28th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.44%. Alexandria Real Estate Equities’s dividend payout ratio is currently 485.99%.

About Alexandria Real Estate Equities

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.