Alexandria Real Estate Equities, Inc. (NYSE:ARE) Stake Lessened by First Foundation Advisors

First Foundation Advisors decreased its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 4.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,302 shares of the real estate investment trust’s stock after selling 530 shares during the period. First Foundation Advisors’ holdings in Alexandria Real Estate Equities were worth $1,457,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Oakworth Capital Inc. bought a new position in shares of Alexandria Real Estate Equities during the 4th quarter valued at about $25,000. Capital Advisors Ltd. LLC bought a new stake in Alexandria Real Estate Equities during the fourth quarter worth approximately $25,000. HHM Wealth Advisors LLC grew its position in Alexandria Real Estate Equities by 340.9% in the fourth quarter. HHM Wealth Advisors LLC now owns 194 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 150 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Alexandria Real Estate Equities by 275.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 171 shares in the last quarter. Finally, Mather Group LLC. acquired a new stake in shares of Alexandria Real Estate Equities during the 1st quarter valued at $30,000. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Down 0.9 %

Shares of ARE stock traded down $1.11 on Friday, reaching $125.21. 918,590 shares of the company’s stock traded hands, compared to its average volume of 775,552. The company has a market capitalization of $21.90 billion, a P/E ratio of 117.02, a price-to-earnings-growth ratio of 3.14 and a beta of 1.15. Alexandria Real Estate Equities, Inc. has a 12-month low of $90.73 and a 12-month high of $135.45. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.30 and a current ratio of 0.30. The business’s 50 day moving average price is $119.03 and its two-hundred day moving average price is $121.15.

Alexandria Real Estate Equities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend was Friday, June 28th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. Alexandria Real Estate Equities’s payout ratio is 485.99%.

Insider Activity

In related 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 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.15% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ARE has been the topic of a number of recent research reports. Evercore ISI lifted their target price on Alexandria Real Estate Equities from $132.00 to $133.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Wedbush restated an “outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, April 24th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of “Moderate Buy” and an average price target of $136.14.

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.