AIA Group Ltd Invests $301,000 in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

AIA Group Ltd bought a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,333 shares of the real estate investment trust’s stock, valued at approximately $301,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ARE. Norges Bank acquired a new stake in shares of Alexandria Real Estate Equities in the 4th quarter worth $2,086,085,000. APG Asset Management US Inc. boosted its holdings in Alexandria Real Estate Equities by 0.5% in the fourth quarter. APG Asset Management US Inc. now owns 7,216,689 shares of the real estate investment trust’s stock worth $914,860,000 after acquiring an additional 39,243 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Alexandria Real Estate Equities by 0.9% during the fourth quarter. Victory Capital Management Inc. now owns 3,747,866 shares of the real estate investment trust’s stock worth $475,117,000 after acquiring an additional 32,122 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Alexandria Real Estate Equities by 0.9% during the fourth 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 acquiring an additional 22,105 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Alexandria Real Estate Equities by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,665,800 shares of the real estate investment trust’s stock valued at $211,173,000 after purchasing an additional 62,540 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $125.98 on Friday. Alexandria Real Estate Equities, Inc. has a 52-week low of $90.73 and a 52-week 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 $22.03 billion, a PE ratio of 117.74, a price-to-earnings-growth ratio of 2.93 and a beta of 1.15. The business has a 50-day simple moving average of $118.32 and a 200-day simple moving average of $121.25.

Alexandria Real Estate Equities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.13%. The ex-dividend date is Friday, June 28th. 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 is currently 485.99%.

Wall Street Analyst Weigh In

Several analysts have weighed in on ARE shares. Wedbush reissued an “outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 24th. Evercore ISI dropped their price objective on shares of 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 research report on Thursday, March 21st. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $136.75.

Insider Transactions at Alexandria Real Estate Equities

In related news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the business’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 completion of the transaction, the insider now directly owns 6,005,077 shares in the company, valued at approximately $25,281,374.17. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate 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.