Bluefin Capital Management LLC Invests $838,000 in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Bluefin Capital Management LLC acquired a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,500 shares of the real estate investment trust’s stock, valued at approximately $838,000.

Other institutional investors also recently bought and sold shares of the company. Mutual of America Capital Management LLC boosted its stake in Alexandria Real Estate Equities by 24.7% in the 4th quarter. Mutual of America Capital Management LLC now owns 43,196 shares of the real estate investment trust’s stock worth $5,476,000 after purchasing an additional 8,555 shares in the last quarter. Whittier Trust Co. lifted its stake in Alexandria Real Estate Equities by 36.0% during the 4th quarter. Whittier Trust Co. now owns 75,337 shares of the real estate investment trust’s stock valued at $9,550,000 after acquiring an additional 19,931 shares during the period. Hsbc Holdings PLC lifted its stake in Alexandria Real Estate Equities by 18.3% during the 4th quarter. Hsbc Holdings PLC now owns 545,069 shares of the real estate investment trust’s stock valued at $69,245,000 after acquiring an additional 84,479 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Alexandria Real Estate Equities by 19.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 161,070 shares of the real estate investment trust’s stock valued at $20,419,000 after acquiring an additional 25,955 shares during the period. Finally, Security National Bank lifted its stake in Alexandria Real Estate Equities by 96.6% during the 4th quarter. Security National Bank now owns 15,439 shares of the real estate investment trust’s stock valued at $1,957,000 after acquiring an additional 7,586 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Price Performance

NYSE ARE traded down $0.29 on Friday, hitting $116.79. The company had a trading volume of 100,988 shares, compared to its average volume of 923,758. The company has a market capitalization of $20.42 billion, a PE ratio of 109.44, a PEG ratio of 2.90 and a beta of 1.12. The company’s fifty day moving average price is $119.39 and its 200-day moving average price is $121.84. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.30 and a quick ratio of 0.30. Alexandria Real Estate Equities, Inc. has a 12-month low of $90.73 and a 12-month high of $135.45.

Alexandria Real Estate Equities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $1.30 per share. 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 Thursday, June 27th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.45%. Alexandria Real Estate Equities’s dividend payout ratio is presently 474.77%.

Wall Street Analyst Weigh In

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

Insider Transactions at Alexandria Real Estate Equities

In other news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $4.21, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.15% of the company’s stock.

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.