Pasadena Private Wealth LLC Buys 393 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Pasadena Private Wealth LLC increased its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 4.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 9,338 shares of the real estate investment trust’s stock after acquiring an additional 393 shares during the period. Pasadena Private Wealth LLC’s holdings in Alexandria Real Estate Equities were worth $1,204,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ARE. Norges Bank bought a new stake in Alexandria Real Estate Equities in the fourth quarter valued at approximately $2,086,085,000. APG Asset Management US Inc. grew its position in shares of 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 valued at $914,860,000 after purchasing an additional 39,243 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Alexandria Real Estate Equities by 0.9% in the fourth 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 purchasing an additional 32,122 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Alexandria Real Estate Equities by 0.9% in 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 purchasing an additional 22,105 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of Alexandria Real Estate Equities by 3.4% in the third quarter. Legal & General Group Plc now owns 2,316,770 shares of the real estate investment trust’s stock valued at $231,909,000 after purchasing an additional 77,012 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

Insider Buying and Selling at Alexandria Real Estate Equities

In other news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the stock in a transaction on Tuesday, June 4th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on ARE shares. Evercore ISI decreased 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. 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 set a $140.00 price target 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $136.75.

Alexandria Real Estate Equities Price Performance

NYSE:ARE traded down $0.43 during trading hours on Friday, reaching $115.96. 41,994 shares of the company were exchanged, compared to its average volume of 915,282. The business has a 50 day moving average of $118.25 and a 200 day moving average of $121.95. The company has a market capitalization of $20.28 billion, a P/E ratio of 108.78, a P/E/G ratio of 2.90 and a beta of 1.12. Alexandria Real Estate Equities, Inc. has a 1-year low of $90.73 and a 1-year high of $135.45. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.30 and a quick ratio of 0.30.

Alexandria Real Estate Equities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date is Friday, June 28th. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 474.77%.

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.