Dynamic Technology Lab Private Ltd Invests $491,000 in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Dynamic Technology Lab Private Ltd purchased a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,874 shares of the real estate investment trust’s stock, valued at approximately $491,000.

A number of other institutional investors also recently modified their holdings of the business. HHM Wealth Advisors LLC grew its position in shares of Alexandria Real Estate Equities by 340.9% in the 4th 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. bought a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at about $25,000. Capital Advisors Ltd. LLC bought a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at about $25,000. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at about $35,000. Finally, GPS Wealth Strategies Group LLC bought a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Down 0.2 %

Shares of ARE stock opened at $118.37 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.30 and a current ratio of 0.30. Alexandria Real Estate Equities, Inc. has a 52-week low of $90.73 and a 52-week high of $135.45. The company has a market capitalization of $20.70 billion, a PE ratio of 110.63, a price-to-earnings-growth ratio of 2.97 and a beta of 1.07. The business’s fifty day moving average is $121.99 and its 200 day moving average is $120.43.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $1.27 per share. The ex-dividend date was Wednesday, March 27th. This represents a $5.08 dividend on an annualized basis and a yield of 4.29%. Alexandria Real Estate Equities’s payout ratio is 474.77%.

Insider Buying and Selling at Alexandria Real Estate Equities

In other news, CEO Peter M. Moglia sold 3,200 shares of Alexandria Real Estate Equities stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $122.90, for a total value of $393,280.00. Following the transaction, the chief executive officer now owns 249,683 shares in the company, valued at $30,686,040.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 3,200 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $122.90, for a total transaction of $393,280.00. Following the sale, the chief executive officer now directly owns 249,683 shares of the company’s stock, valued at approximately $30,686,040.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Joel S. Marcus sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $118.92, for a total value of $891,900.00. Following the sale, the chairman now directly owns 429,538 shares in the company, valued at $51,080,658.96. The disclosure for this sale can be found here. Company insiders own 1.15% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on ARE. Wedbush reiterated an “outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft initiated coverage on Alexandria Real Estate Equities in a research report on Tuesday, January 30th. They set a “buy” rating and a $140.00 target price on the stock. StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Evercore ISI cut 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. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $136.75.

View Our Latest Report on ARE

Alexandria Real Estate Equities Profile

(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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