Hazelview Securities Inc. trimmed its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 8.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 168,945 shares of the real estate investment trust's stock after selling 14,760 shares during the quarter. Alexandria Real Estate Equities comprises approximately 4.0% of Hazelview Securities Inc.'s holdings, making the stock its 10th biggest position. Hazelview Securities Inc. owned about 0.10% of Alexandria Real Estate Equities worth $21,203,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC raised its position in shares of Alexandria Real Estate Equities by 340.9% during the fourth quarter. HHM Wealth Advisors LLC now owns 194 shares of the real estate investment trust's stock valued at $25,000 after buying an additional 150 shares during the last quarter. Oakworth Capital Inc. purchased a new stake in Alexandria Real Estate Equities in the 4th quarter worth $25,000. Capital Advisors Ltd. LLC bought a new position in shares of Alexandria Real Estate Equities during the 4th quarter valued at about $25,000. 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 worth $30,000 after purchasing an additional 171 shares during the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of Alexandria Real Estate Equities in the first quarter worth about $30,000. Institutional investors own 96.54% of the company's stock.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. Wedbush reissued an "outperform" rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, April 24th. Evercore ISI decreased their price target on Alexandria Real Estate Equities from $137.00 to $132.00 and set an "outperform" rating on the stock in a report on Thursday, April 25th. Finally, StockNews.com upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, March 21st. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $136.75.
Check Out Our Latest Stock Report on ARE
Alexandria Real Estate Equities Trading Down 0.5 %
Shares of NYSE:ARE traded down $0.58 during trading on Wednesday, reaching $115.69. 588,544 shares of the company were exchanged, compared to its average volume of 925,413. The business's fifty day simple moving average is $118.26 and its 200-day simple moving average is $121.99. 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, Inc. has a 12-month low of $90.73 and a 12-month high of $135.45. The firm has a market capitalization of $20.23 billion, a PE ratio of 108.11, a P/E/G ratio of 2.91 and a beta of 1.12.
Alexandria Real Estate Equities Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $1.30 per share. This is an increase from Alexandria Real Estate Equities's previous quarterly dividend of $1.27. This represents a $5.20 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend is Friday, June 28th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 474.77%.
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 transaction of $631,500.00. Following the transaction, the insider now owns 6,005,077 shares of the company's stock, valued at approximately $25,281,374.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.15% of the stock is currently owned by corporate insiders.
About Alexandria Real Estate Equities
(Free Report)
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.
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