DNB Asset Management AS Has $3.01 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

DNB Asset Management AS boosted its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,744 shares of the real estate investment trust’s stock after acquiring an additional 971 shares during the quarter. DNB Asset Management AS’s holdings in Alexandria Real Estate Equities were worth $3,011,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Ballentine Partners LLC bought a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth $228,000. Arizona State Retirement System boosted its holdings in Alexandria Real Estate Equities by 0.7% in the fourth quarter. Arizona State Retirement System now owns 45,178 shares of the real estate investment trust’s stock valued at $5,727,000 after acquiring an additional 336 shares during the last quarter. Allworth Financial LP boosted its holdings in Alexandria Real Estate Equities by 139.1% in the fourth quarter. Allworth Financial LP now owns 428 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 249 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in Alexandria Real Estate Equities by 1.6% in the fourth quarter. New York State Teachers Retirement System now owns 150,931 shares of the real estate investment trust’s stock valued at $19,134,000 after acquiring an additional 2,406 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Alexandria Real Estate Equities by 3.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,935 shares of the real estate investment trust’s stock valued at $3,668,000 after acquiring an additional 911 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alexandria Real Estate Equities

In other news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the firm’s 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 sale, the insider now owns 6,005,077 shares of the company’s stock, valued at $25,281,374.17. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.15% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ARE shares. Bank of America cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price target for the company from $151.00 to $126.00 in a report on Monday, July 29th. Wedbush cut Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $140.00 to $130.00 in a report on Wednesday, July 24th. JMP Securities reiterated a “market outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Evercore ISI cut Alexandria Real Estate Equities from an “outperform” rating to an “inline” rating and reduced their target price for the stock from $133.00 to $126.00 in a report on Thursday, July 25th. Finally, Jefferies Financial Group cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their target price for the stock from $136.00 to $127.00 in a report on Friday. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $131.22.

Alexandria Real Estate Equities Trading Up 2.7 %

ARE traded up $3.08 during midday trading on Tuesday, reaching $115.22. 1,166,455 shares of the company were exchanged, compared to its average volume of 934,415. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23. Alexandria Real Estate Equities, Inc. has a one year low of $90.73 and a one year high of $135.45. The stock has a market capitalization of $20.16 billion, a P/E ratio of 109.27, a PEG ratio of 4.00 and a beta of 1.15. The stock’s 50-day simple moving average is $118.00 and its 200 day simple moving average is $120.44.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). The business had revenue of $766.70 million for the quarter, compared to analyst estimates of $775.03 million. Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.24 EPS. As a group, analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.48 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.51%. 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 (DPR) is currently 485.99%.

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.