TD Asset Management Inc Purchases 880 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

TD Asset Management Inc increased its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,314 shares of the real estate investment trust’s stock after buying an additional 880 shares during the quarter. TD Asset Management Inc’s holdings in Alexandria Real Estate Equities were worth $5,824,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Alexandria Real Estate Equities by 8.5% during the first quarter. BlackRock Inc. now owns 17,138,718 shares of the real estate investment trust’s stock worth $2,152,452,000 after buying an additional 1,338,634 shares in the last quarter. Norges Bank bought a new position in shares of Alexandria Real Estate Equities during the fourth quarter worth about $2,277,135,000. State Street Corp grew its holdings in shares of Alexandria Real Estate Equities by 4.2% during the first quarter. State Street Corp now owns 10,640,279 shares of the real estate investment trust’s stock worth $1,348,934,000 after buying an additional 424,932 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Alexandria Real Estate Equities by 7.2% during the second quarter. Principal Financial Group Inc. now owns 6,417,616 shares of the real estate investment trust’s stock worth $728,340,000 after buying an additional 433,107 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Alexandria Real Estate Equities by 10.6% in the second quarter. Victory Capital Management Inc. now owns 3,866,714 shares of the real estate investment trust’s stock valued at $438,833,000 after purchasing an additional 369,703 shares in the last quarter. 86.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Royal Bank of Canada decreased their price target on Alexandria Real Estate Equities from $163.00 to $138.00 and set an “outperform” rating for the company in a research note on Tuesday, October 10th. Evercore ISI decreased their price target on Alexandria Real Estate Equities from $137.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, August 16th. Wedbush restated an “outperform” rating and issued a $120.00 price target on shares of Alexandria Real Estate Equities in a research note on Tuesday, October 24th. StockNews.com assumed coverage on Alexandria Real Estate Equities in a research note on Thursday, October 5th. They issued a “sell” rating for the company. Finally, JMP Securities decreased their price target on Alexandria Real Estate Equities from $180.00 to $160.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $144.33.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE opened at $104.48 on Tuesday. The stock has a market cap of $18.16 billion, a P/E ratio of 75.17, a PEG ratio of 2.13 and a beta of 1.00. The stock has a 50 day simple moving average of $100.43 and a 200 day simple moving average of $111.79. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.49. Alexandria Real Estate Equities, Inc. has a 1-year low of $90.73 and a 1-year high of $172.65.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were issued a dividend of $1.24 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $4.96 annualized dividend and a yield of 4.75%. Alexandria Real Estate Equities’s payout ratio is currently 356.83%.

Insider Buying and Selling

In related news, major shareholder Real Estate Equitie Alexandria sold 103,808 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $2.32, for a total transaction of $240,834.56. Following the completion of the sale, the insider now directly owns 5,723,527 shares of the company’s stock, valued at approximately $13,278,582.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.60% of the stock is currently owned by insiders.

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.