Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Purchased by Virtu Financial LLC

Virtu Financial LLC raised its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 5.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,352 shares of the real estate investment trust’s stock after buying an additional 231 shares during the period. Virtu Financial LLC’s holdings in Alexandria Real Estate Equities were worth $561,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Alexandria Real Estate Equities by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock valued at $3,452,814,000 after buying an additional 156,643 shares during the last quarter. Norges Bank purchased a new position in Alexandria Real Estate Equities in the 4th quarter valued at about $2,086,085,000. APG Asset Management US Inc. boosted its position in Alexandria Real Estate Equities by 0.5% in the 4th quarter. APG Asset Management US Inc. now owns 7,216,689 shares of the real estate investment trust’s stock valued at $914,860,000 after buying an additional 39,243 shares during the last quarter. Victory Capital Management Inc. boosted its position in Alexandria Real Estate Equities by 0.9% in the 4th quarter. Victory Capital Management Inc. now owns 3,747,866 shares of the real estate investment trust’s stock valued at $475,117,000 after buying an additional 32,122 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Alexandria Real Estate Equities by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,391,396 shares of the real estate investment trust’s stock valued at $303,166,000 after buying an additional 22,105 shares during the last quarter. 96.54% of the stock is 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 firm’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.15% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ARE shares. Wedbush cut shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $140.00 to $130.00 in a research report on Wednesday, July 24th. Jefferies Financial Group cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price target for the stock from $136.00 to $127.00 in a research report on Friday. Evercore ISI cut shares of Alexandria Real Estate Equities from an “outperform” rating to an “inline” rating and reduced their price target for the stock from $133.00 to $126.00 in a research report on Thursday, July 25th. JMP Securities reaffirmed a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Finally, Bank of America cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $151.00 to $126.00 in a research report on Monday. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Alexandria Real Estate Equities currently has an average rating of “Hold” and an average target price of $132.11.

Alexandria Real Estate Equities Stock Performance

NYSE ARE traded down $1.66 during trading hours on Friday, reaching $113.36. The company’s stock had a trading volume of 1,645,838 shares, compared to its average volume of 930,567. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.55. The business has a 50-day simple moving average of $118.23 and a 200 day simple moving average of $120.66. 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 cap of $19.83 billion, a PE ratio of 105.94, a PEG ratio of 4.08 and a beta of 1.15.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The business had revenue of $766.70 million during the quarter, compared to the consensus estimate of $775.03 million. During the same period in the prior year, the business earned $2.24 EPS. The business’s revenue was up 7.4% on a year-over-year basis. Equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.48 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a $1.30 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $5.20 annualized dividend and a dividend yield of 4.59%. 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 presently 485.99%.

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.