Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,628,046 shares of the real estate investment trust's stock after selling 139,231 shares during the period. Vanguard Group Inc. owned approximately 15.22% of Alexandria Real Estate Equities worth $3,375,637,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ARE. Oakworth Capital Inc. bought a new position in Alexandria Real Estate Equities in the 4th quarter worth about $25,000. Capital Advisors Ltd. LLC bought a new position in Alexandria Real Estate Equities during the 4th quarter valued at about $25,000. HHM Wealth Advisors LLC lifted its stake 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 acquiring an additional 150 shares during the period. Parkside Financial Bank & Trust lifted its stake in Alexandria Real Estate Equities by 61.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 291 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 111 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in Alexandria Real Estate Equities by 275.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 171 shares during the period. Institutional investors own 96.54% of the company's stock.

Wall Street Analyst Weigh In

ARE has been the subject of several analyst reports. Evercore ISI reduced their target price on shares of Alexandria Real Estate Equities from $137.00 to $132.00 and set an "outperform" rating for the company in a report on Thursday, April 25th. StockNews.com raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, March 21st. Finally, Wedbush reaffirmed an "outperform" rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $136.75.

Insider Activity

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

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE traded down $1.15 during midday trading on Monday, reaching $115.17. 775,223 shares of the stock traded hands, compared to its average volume of 925,922. 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 stock has a market capitalization of $20.14 billion, a PE ratio of 107.64, a P/E/G ratio of 2.91 and a beta of 1.12. Alexandria Real Estate Equities, Inc. has a one year low of $90.73 and a one year high of $135.45. The company's 50 day moving average is $119.23 and its 200 day moving average is $122.11.

Alexandria Real Estate Equities Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given 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 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date is Thursday, June 27th. Alexandria Real Estate Equities's dividend payout ratio is currently 474.77%.

About Alexandria Real Estate Equities

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.