Oppenheimer Asset Management Inc. Purchases 6,259 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Oppenheimer Asset Management Inc. raised its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 44.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,206 shares of the real estate investment trust’s stock after purchasing an additional 6,259 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Alexandria Real Estate Equities were worth $2,605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Norges Bank bought a new position in Alexandria Real Estate Equities in the 4th quarter worth about $2,086,085,000. APG Asset Management US Inc. increased its position in shares of Alexandria Real Estate Equities by 0.5% during 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 purchasing an additional 39,243 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Alexandria Real Estate Equities by 0.9% during 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 acquiring an additional 32,122 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Alexandria Real Estate Equities by 0.9% during 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 acquiring an additional 22,105 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in 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 worth $211,173,000 after purchasing an additional 62,540 shares during the period. 96.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ARE has been the topic of several recent research reports. StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Evercore ISI dropped their target price on Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Finally, Wedbush reissued an “outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.75.

Alexandria Real Estate Equities Trading Up 1.0 %

Shares of NYSE:ARE traded up $1.19 during midday trading on Friday, reaching $126.02. The company’s stock had a trading volume of 1,566,897 shares, compared to its average volume of 692,690. The firm has a market cap of $22.04 billion, a price-to-earnings ratio of 117.74, a price-to-earnings-growth ratio of 3.12 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, Inc. has a 1 year low of $90.73 and a 1 year high of $135.45. The business has a 50 day moving average price of $118.32 and a 200 day moving average price of $121.25.

Alexandria Real Estate Equities Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $1.30 dividend. 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. This represents a $5.20 annualized dividend and a dividend yield of 4.13%. Alexandria Real Estate Equities’s dividend payout ratio is presently 485.99%.

Insider Transactions at Alexandria Real Estate Equities

In other news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the stock in a transaction that occurred 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 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 this link. Company insiders own 1.15% of the company’s stock.

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.