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Mirae Asset Global Investments Co. Ltd. boosted its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 4.3% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,180 shares of the real estate investment trust’s stock after acquiring an additional 1,245 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Alexandria Real Estate Equities were worth $3,737,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oakworth Capital Inc. purchased a new position in shares of Alexandria Real Estate Equities in the 4th quarter worth about $25,000. Capital Advisors Ltd. LLC purchased a new position in shares of Alexandria Real Estate Equities in the 4th quarter worth about $25,000. HHM Wealth Advisors LLC boosted its holdings in shares of Alexandria Real Estate Equities by 340.9% in the 4th quarter. HHM Wealth Advisors LLC now owns 194 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Alexandria Real Estate Equities by 275.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 171 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in shares of Alexandria Real Estate Equities in the 1st quarter worth about $30,000. 96.54% of the stock is currently owned by hedge funds and other institutional investors.
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 company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $4.21, for a total transaction of $631,500.00. Following the completion of the transaction, the insider now owns 6,005,077 shares of the company’s stock, valued at approximately $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 equities analysts have recently issued reports on ARE shares. Wedbush reiterated an “outperform” rating and issued a $140.00 price objective 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 dropped their target price on Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.75.
Get Our Latest Research Report on Alexandria Real Estate Equities
Alexandria Real Estate Equities Trading Up 6.7 %
ARE opened at $124.83 on Friday. The business has a 50 day simple moving average of $118.21 and a two-hundred day simple moving average of $121.26. The firm has a market capitalization 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 company has a debt-to-equity ratio of 0.54, a current ratio of 0.30 and a quick ratio of 0.30. Alexandria Real Estate Equities, Inc. has a one year low of $90.73 and a one year high of $135.45.
Alexandria Real Estate Equities Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $1.30 per share. 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 dividend on an annualized basis and a yield of 4.17%. Alexandria Real Estate Equities’s dividend payout ratio is presently 485.99%.
Alexandria Real Estate Equities Company Profile
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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