Norden Group LLC bought a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,470 shares of the real estate investment trust’s stock, valued at approximately $963,000.
A number of other hedge funds also recently bought and sold shares of ARE. Oakworth Capital Inc. bought a new stake in Alexandria Real Estate Equities in the 4th quarter worth approximately $25,000. Capital Advisors Ltd. LLC purchased a new position in Alexandria Real Estate Equities in the 4th quarter worth approximately $25,000. HHM Wealth Advisors LLC increased its stake in 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 during the period. EverSource Wealth Advisors LLC increased its stake in 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 during the period. Finally, Mather Group LLC. purchased a new position in Alexandria Real Estate Equities in the 1st quarter worth approximately $30,000. Institutional investors own 96.54% of the company’s stock.
Alexandria Real Estate Equities Price Performance
ARE opened at $116.80 on Friday. 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, Inc. has a 52-week low of $90.73 and a 52-week high of $135.45. The stock has a market capitalization of $20.43 billion, a PE ratio of 109.16, a price-to-earnings-growth ratio of 2.93 and a beta of 1.15. The stock’s 50 day moving average price is $118.12 and its 200-day moving average price is $121.47.
Alexandria Real Estate Equities Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $1.30 per share. The ex-dividend date is Friday, June 28th. 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%. Alexandria Real Estate Equities’s payout ratio is currently 485.99%.
Insider Activity at Alexandria Real Estate Equities
In related news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of Alexandria Real Estate Equities 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 sale, the insider now directly owns 6,005,077 shares in the company, 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 Analyst Weigh In
A number of equities analysts have commented on the company. Evercore ISI decreased their price target on Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $136.75.
Check Out Our Latest Stock Analysis on ARE
Alexandria Real Estate Equities 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.
See Also
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