Riverview Trust Co Purchases Shares of 286 Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Riverview Trust Co purchased a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 286 shares of the real estate investment trust’s stock, valued at approximately $37,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position 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% 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 acquiring 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% 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 acquiring 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% 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 acquiring 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% during the third quarter. Legal & General Group Plc now owns 2,316,770 shares of the real estate investment trust’s stock worth $231,909,000 after acquiring an additional 77,012 shares during the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the firm’s 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 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 filing with the SEC, which is available through this hyperlink. 1.15% of the stock is currently owned by insiders.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE opened at $116.26 on Wednesday. The firm’s fifty day moving average price is $118.26 and its 200 day moving average price is $121.99. 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. The firm has a market cap of $20.33 billion, a price-to-earnings ratio of 108.65, a price-to-earnings-growth ratio of 2.92 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. Investors of record on Friday, June 28th will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 4.47%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend is Friday, June 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 485.98%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Evercore ISI lowered their target price on shares of 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. Wedbush restated an “outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 24th. 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 research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.75.

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.