Alexandria Real Estate Equities, Inc. $ARE Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 26.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,183,811 shares of the real estate investment trust’s stock after purchasing an additional 244,975 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.68% of Alexandria Real Estate Equities worth $85,980,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Private Trust Co. NA increased its holdings in Alexandria Real Estate Equities by 19.2% in the 1st quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust’s stock valued at $86,000 after purchasing an additional 149 shares during the last quarter. Presima Securities ULC grew its stake in shares of Alexandria Real Estate Equities by 1.4% in the first quarter. Presima Securities ULC now owns 11,895 shares of the real estate investment trust’s stock worth $1,100,000 after acquiring an additional 170 shares in the last quarter. CX Institutional grew its stake in shares of Alexandria Real Estate Equities by 13.8% in the second quarter. CX Institutional now owns 1,445 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 175 shares in the last quarter. Investor s Fiduciary Advisor Network LLC grew its stake in shares of Alexandria Real Estate Equities by 3.8% in the first quarter. Investor s Fiduciary Advisor Network LLC now owns 4,941 shares of the real estate investment trust’s stock worth $457,000 after acquiring an additional 180 shares in the last quarter. Finally, HM Payson & Co. grew its stake in shares of Alexandria Real Estate Equities by 33.0% in the first quarter. HM Payson & Co. now owns 798 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 198 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on ARE. Evercore ISI upgraded shares of Alexandria Real Estate Equities from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $91.00 to $104.00 in a research note on Monday, September 15th. BNP Paribas Exane restated an “underperform” rating on shares of Alexandria Real Estate Equities in a research note on Wednesday, October 1st. Cantor Fitzgerald dropped their price target on shares of Alexandria Real Estate Equities from $88.00 to $79.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Jefferies Financial Group began coverage on shares of Alexandria Real Estate Equities in a research note on Monday, October 6th. They issued a “hold” rating and a $80.00 price target for the company. Finally, BNP Paribas downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 price target for the company. in a research note on Wednesday, October 1st. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $95.87.

Alexandria Real Estate Equities Price Performance

Alexandria Real Estate Equities stock opened at $77.48 on Monday. The stock has a market cap of $13.40 billion, a P/E ratio of -595.96, a price-to-earnings-growth ratio of 6.50 and a beta of 1.31. The company has a fifty day simple moving average of $81.08 and a 200-day simple moving average of $76.92. Alexandria Real Estate Equities, Inc. has a 12-month low of $67.37 and a 12-month high of $116.90. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.61.

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a $1.32 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $5.28 dividend on an annualized basis and a yield of 6.8%. Alexandria Real Estate Equities’s payout ratio is -4,061.54%.

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.