HB Wealth Management LLC Takes Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

HB Wealth Management LLC purchased a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,603 shares of the real estate investment trust’s stock, valued at approximately $207,000.

Several other large investors also recently bought and sold shares of ARE. Norges Bank bought a new stake in Alexandria Real Estate Equities in the 4th quarter worth about $2,086,085,000. Jennison Associates LLC increased its holdings in Alexandria Real Estate Equities by 180.3% in the 4th quarter. Jennison Associates LLC now owns 1,010,943 shares of the real estate investment trust’s stock worth $128,157,000 after buying an additional 650,248 shares in the last quarter. Ceredex Value Advisors LLC bought a new stake in Alexandria Real Estate Equities in the 4th quarter worth about $36,223,000. Schroder Investment Management Group increased its holdings in Alexandria Real Estate Equities by 87.9% in the 3rd quarter. Schroder Investment Management Group now owns 597,708 shares of the real estate investment trust’s stock worth $59,831,000 after buying an additional 279,649 shares in the last quarter. Finally, First Financial Bankshares Inc bought a new stake in Alexandria Real Estate Equities in the 4th quarter worth about $31,260,000. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Stock Down 0.2 %

ARE stock opened at $116.80 on Friday. Alexandria Real Estate Equities, Inc. has a twelve month low of $90.73 and a twelve month high of $135.45. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.54. The stock has a market cap of $20.43 billion, a P/E ratio of 109.16, a PEG ratio of 2.93 and a beta of 1.15. The business’s 50-day moving average price is $118.12 and its 200-day moving average price is $121.53.

Alexandria Real Estate Equities Increases Dividend

The business also recently disclosed 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. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date is Friday, June 28th. Alexandria Real Estate Equities’s payout ratio is presently 485.99%.

Insider Activity

In other 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 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 of the company’s stock, valued at approximately $25,281,374.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.15% of the company’s stock.

Wall Street Analysts Forecast Growth

ARE has been the subject of several research analyst reports. 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 report on Thursday, April 25th. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Finally, Wedbush reissued 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. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.75.

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.