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Nordea Investment Management AB grew its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 4.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,495 shares of the real estate investment trust’s stock after acquiring an additional 516 shares during the quarter. Nordea Investment Management AB’s holdings in Alexandria Real Estate Equities were worth $1,485,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Mutual of America Capital Management LLC increased its holdings in shares of Alexandria Real Estate Equities by 24.7% in the 4th 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 during the last quarter. Hsbc Holdings PLC grew its stake in Alexandria Real Estate Equities by 18.3% during the 4th quarter. Hsbc Holdings PLC now owns 545,069 shares of the real estate investment trust’s stock worth $69,245,000 after buying an additional 84,479 shares during the last quarter. Whittier Trust Co. grew its stake in Alexandria Real Estate Equities by 36.0% during the 4th quarter. Whittier Trust Co. now owns 75,337 shares of the real estate investment trust’s stock worth $9,550,000 after buying an additional 19,931 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Alexandria Real Estate Equities by 19.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 161,070 shares of the real estate investment trust’s stock worth $20,419,000 after buying an additional 25,955 shares during the last quarter. Finally, Bluefin Capital Management LLC bought a new position in Alexandria Real Estate Equities during the 4th quarter worth $838,000. 96.54% of the stock is currently owned by institutional investors.
Alexandria Real Estate Equities Trading Up 6.7 %
NYSE:ARE opened at $124.83 on Friday. Alexandria Real Estate Equities, Inc. has a 1 year low of $90.73 and a 1 year high of $135.45. The stock has a market cap of $21.83 billion, a price-to-earnings ratio of 116.66, a PEG ratio of 2.92 and a beta of 1.15. The business has a fifty day moving average of $118.21 and a 200-day moving average of $121.26. 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 issued a $1.30 dividend. This is a positive change 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 annualized dividend and a dividend yield of 4.17%. Alexandria Real Estate Equities’s dividend payout ratio is 485.99%.
Insider Activity
In other news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $4.21, for a total value of $631,500.00. Following the completion of the sale, the insider now owns 6,005,077 shares in the company, valued at $25,281,374.17. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.15% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on ARE shares. StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Wedbush restated 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. Finally, Evercore ISI lowered their price objective on 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 given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $136.75.
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.
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