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

Pasadena Private Wealth LLC raised its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 4.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,338 shares of the real estate investment trust’s stock after purchasing an additional 393 shares during the quarter. Pasadena Private Wealth LLC’s holdings in Alexandria Real Estate Equities were worth $1,204,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vert Asset Management LLC grew its position in shares of Alexandria Real Estate Equities by 4.7% in the 1st quarter. Vert Asset Management LLC now owns 69,277 shares of the real estate investment trust’s stock worth $8,930,000 after acquiring an additional 3,089 shares in the last quarter. Security National Bank grew its position in shares of Alexandria Real Estate Equities by 18.1% in the 1st quarter. Security National Bank now owns 18,232 shares of the real estate investment trust’s stock worth $2,350,000 after acquiring an additional 2,793 shares in the last quarter. Thompson Investment Management Inc. grew its position in shares of Alexandria Real Estate Equities by 0.4% in the 1st quarter. Thompson Investment Management Inc. now owns 29,390 shares of the real estate investment trust’s stock worth $3,789,000 after acquiring an additional 128 shares in the last quarter. Riverview Trust Co acquired a new position in shares of Alexandria Real Estate Equities in the 1st quarter worth approximately $37,000. Finally, Steph & Co. grew its position in shares of Alexandria Real Estate Equities by 147.8% in the 1st quarter. Steph & Co. now owns 2,755 shares of the real estate investment trust’s stock worth $355,000 after acquiring an additional 1,643 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock traded down $0.43 during mid-day trading on Friday, hitting $115.96. 41,994 shares of the stock traded hands, compared to its average volume of 915,282. Alexandria Real Estate Equities, Inc. has a twelve month low of $90.73 and a twelve month high of $135.45. The firm has a market cap of $20.28 billion, a price-to-earnings ratio of 108.78, a price-to-earnings-growth ratio of 2.90 and a beta of 1.12. The company’s 50-day simple moving average is $118.25 and its 200-day simple moving average is $121.95. 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 declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, June 28th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. This represents a $5.20 annualized dividend and a dividend yield of 4.48%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 474.77%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wedbush reiterated an “outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 24th. Evercore ISI cut their price target on Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Finally, StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Alexandria Real Estate Equities presently has an average 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 Alexandria Real Estate Equities stock in a transaction 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 transaction, the insider now directly owns 6,005,077 shares in the company, valued at approximately $25,281,374.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.15% of the stock is owned by insiders.

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.