Advisor Resource Council Purchases New Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Advisor Resource Council acquired a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 1,995 shares of the real estate investment trust’s stock, valued at approximately $253,000.

A number of other hedge funds have also made changes to their positions in ARE. Fulton Bank N.A. raised its stake in Alexandria Real Estate Equities by 4.2% in the 1st quarter. Fulton Bank N.A. now owns 2,074 shares of the real estate investment trust’s stock valued at $267,000 after purchasing an additional 83 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Alexandria Real Estate Equities by 29.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 376 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 85 shares during the last quarter. Arbor Capital Management Inc. ADV lifted its stake in shares of Alexandria Real Estate Equities by 1.3% in the fourth quarter. Arbor Capital Management Inc. ADV now owns 8,606 shares of the real estate investment trust’s stock worth $1,079,000 after buying an additional 109 shares in the last quarter. Taylor Frigon Capital Management LLC boosted its position in Alexandria Real Estate Equities by 0.7% during the first quarter. Taylor Frigon Capital Management LLC now owns 16,234 shares of the real estate investment trust’s stock worth $2,093,000 after acquiring an additional 112 shares during the last quarter. Finally, Thompson Investment Management Inc. grew its stake in Alexandria Real Estate Equities by 0.4% during the 1st quarter. Thompson Investment Management Inc. now owns 29,390 shares of the real estate investment trust’s stock valued at $3,789,000 after acquiring an additional 128 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Insider Activity at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of Alexandria Real Estate Equities stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $4.21, for a total transaction of $631,500.00. Following the completion of the sale, the insider now directly owns 6,005,077 shares in the company, valued at $25,281,374.17. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.15% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ARE. Wedbush reissued an “outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 24th. Evercore ISI lowered their price objective 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. Finally, StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $136.75.

Alexandria Real Estate Equities Price Performance

NYSE:ARE opened at $117.09 on Friday. Alexandria Real Estate Equities, Inc. has a 52 week low of $90.73 and a 52 week high of $135.45. The stock’s fifty day moving average is $118.11 and its two-hundred day moving average is $121.64. The company has a market capitalization of $20.48 billion, a P/E ratio of 109.43, a P/E/G ratio of 2.93 and a beta of 1.15. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.54.

Alexandria Real Estate Equities Increases Dividend

The firm also recently disclosed 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. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.44%. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend is Friday, June 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 485.98%.

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.