Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Bought by Thompson Investment Management Inc.

Thompson Investment Management Inc. increased its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,390 shares of the real estate investment trust’s stock after acquiring an additional 128 shares during the quarter. Thompson Investment Management Inc.’s holdings in Alexandria Real Estate Equities were worth $3,789,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Mutual of America Capital Management LLC boosted its holdings in shares of 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 worth $5,476,000 after buying an additional 8,555 shares during the period. Hsbc Holdings PLC raised 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 valued at $69,245,000 after purchasing an additional 84,479 shares during the period. Whittier Trust Co. lifted its holdings in shares of 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 purchasing an additional 19,931 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Alexandria Real Estate Equities by 19.2% in the fourth 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 period. Finally, Bluefin Capital Management LLC purchased a new position in shares of 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.

Alexandria Real Estate Equities Stock Down 0.5 %

Alexandria Real Estate Equities stock traded down $0.59 during mid-day trading on Wednesday, hitting $115.68. 216,018 shares of the company’s stock were exchanged, compared to its average volume of 922,359. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.54. The stock has a market cap of $20.23 billion, a P/E ratio of 108.15, a P/E/G ratio of 2.91 and a beta of 1.12. The stock has a 50 day moving average of $118.26 and a two-hundred day moving average of $121.99. Alexandria Real Estate Equities, Inc. has a 1-year low of $90.73 and a 1-year high of $135.45.

Alexandria Real Estate Equities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $1.30 dividend. 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 4.50%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 474.77%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Evercore ISI reduced 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. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Finally, Wedbush reiterated an “outperform” rating and issued a $140.00 price objective 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $136.75.

Insiders Place Their Bets

In other news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $4.21, for a total value of $631,500.00. Following 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 filing with the SEC, which is available at this hyperlink. Company insiders own 1.15% of the company’s stock.

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.