State of Michigan Retirement System Grows Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

State of Michigan Retirement System lifted its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.7% during the 1st quarter, HoldingsChannel reports. The fund owned 43,118 shares of the real estate investment trust’s stock after acquiring an additional 300 shares during the period. State of Michigan Retirement System’s holdings in Alexandria Real Estate Equities were worth $5,558,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Fulton Bank N.A. boosted its position in shares of Alexandria Real Estate Equities by 4.2% in the first quarter. Fulton Bank N.A. now owns 2,074 shares of the real estate investment trust’s stock worth $267,000 after buying an additional 83 shares during the period. Parkside Financial Bank & Trust grew its position in Alexandria Real Estate Equities by 29.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 376 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 85 shares in the last quarter. Arbor Capital Management Inc. ADV lifted its position in shares of Alexandria Real Estate Equities by 1.3% during the fourth quarter. Arbor Capital Management Inc. ADV now owns 8,606 shares of the real estate investment trust’s stock worth $1,079,000 after purchasing an additional 109 shares in the last quarter. Thompson Investment Management Inc. lifted its position in shares of Alexandria Real Estate Equities by 0.4% during the first quarter. Thompson Investment Management Inc. now owns 29,390 shares of the real estate investment trust’s stock worth $3,789,000 after purchasing an additional 128 shares in the last quarter. Finally, HHM Wealth Advisors LLC grew its holdings in Alexandria Real Estate Equities by 340.9% during the 4th quarter. HHM Wealth Advisors LLC now owns 194 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 150 shares in the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Trading Up 1.1 %

NYSE:ARE opened at $117.10 on Wednesday. The company has a market cap of $20.48 billion, a PE ratio of 109.44, a P/E/G ratio of 2.93 and a beta of 1.15. The business’s 50 day moving average is $118.21 and its two-hundred day moving average is $121.77. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.54. Alexandria Real Estate Equities, Inc. has a 52 week low of $90.73 and a 52 week high of $135.45.

Alexandria Real Estate Equities Increases Dividend

The firm 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 $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend 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 payout ratio is currently 485.99%.

Insiders Place Their Bets

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 dated Tuesday, June 4th. The shares were sold at an average price of $4.21, for a total value of $631,500.00. Following the transaction, the insider now owns 6,005,077 shares of the company’s stock, valued at $25,281,374.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.15% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wedbush reiterated an “outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, April 24th. Evercore ISI cut their price target on Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Finally, StockNews.com upgraded 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 given a buy rating to the company. According to MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.75.

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.