Dorsey & Whitney Trust CO LLC Buys 226 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Dorsey & Whitney Trust CO LLC grew its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 7.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,185 shares of the real estate investment trust’s stock after acquiring an additional 226 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Alexandria Real Estate Equities were worth $411,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Norges Bank bought a new position in shares of Alexandria Real Estate Equities in the fourth quarter worth about $2,086,085,000. APG Asset Management US Inc. raised its stake in shares of Alexandria Real Estate Equities by 0.5% during 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 buying an additional 39,243 shares during the last quarter. Victory Capital Management Inc. raised 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 buying an additional 32,122 shares during the last quarter. Dimensional Fund Advisors LP raised its stake 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 worth $303,166,000 after buying an additional 22,105 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Alexandria Real Estate Equities by 3.9% during the fourth 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 buying an additional 62,540 shares during the last quarter. 96.54% of the stock is owned by institutional investors.

Insider Activity

In other news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the company’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 value of $631,500.00. Following the completion of the transaction, the insider now owns 6,005,077 shares in the company, valued at $25,281,374.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wedbush reissued an “outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 24th. Evercore ISI boosted their price target on shares of Alexandria Real Estate Equities from $132.00 to $133.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Alexandria Real Estate Equities has an average rating of “Moderate Buy” and an average target price of $136.88.

Alexandria Real Estate Equities Trading Down 0.9 %

NYSE ARE traded down $1.11 during trading on Friday, reaching $125.21. 918,382 shares of the stock traded hands, compared to its average volume of 907,688. The firm has a market cap of $21.90 billion, a price-to-earnings ratio of 117.02, a price-to-earnings-growth ratio of 3.23 and a beta of 1.15. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $90.73 and a fifty-two 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’s 50-day moving average price is $119.03 and its 200 day moving average price is $121.21.

Alexandria Real Estate Equities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend 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 dividend payout ratio is 485.99%.

Alexandria Real Estate Equities 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.