Truist Financial Corp Reduces Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Truist Financial Corp reduced its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,585 shares of the real estate investment trust’s stock after selling 1,335 shares during the period. Truist Financial Corp’s holdings in Alexandria Real Estate Equities were worth $5,272,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Parkside Financial Bank & Trust raised its position in Alexandria Real Estate Equities by 29.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 376 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 85 shares during the period. Addison Advisors LLC grew its holdings in shares of Alexandria Real Estate Equities by 32.9% in the third quarter. Addison Advisors LLC now owns 465 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 115 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Alexandria Real Estate Equities by 0.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,119 shares of the real estate investment trust’s stock worth $4,617,000 after buying an additional 123 shares during the period. Callan Capital LLC boosted its stake in Alexandria Real Estate Equities by 1.5% during the third quarter. Callan Capital LLC now owns 9,235 shares of the real estate investment trust’s stock worth $924,000 after buying an additional 138 shares during the period. Finally, Wahed Invest LLC boosted its stake in Alexandria Real Estate Equities by 5.5% during the third quarter. Wahed Invest LLC now owns 2,695 shares of the real estate investment trust’s stock worth $270,000 after buying an additional 141 shares during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Stock Up 2.0 %

Shares of NYSE:ARE opened at $120.51 on Monday. The firm’s 50 day moving average price is $122.73 and its 200 day moving average price is $117.99. The stock has a market cap of $21.07 billion, a price-to-earnings ratio of 112.63, a price-to-earnings-growth ratio of 2.32 and a beta of 1.07. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $90.73 and a fifty-two week high of $135.45. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $1.27 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.08 annualized dividend and a yield of 4.22%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 474.77%.

Insider Activity at Alexandria Real Estate Equities

In related news, Chairman Joel S. Marcus sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $118.92, for a total value of $891,900.00. Following the sale, the chairman now owns 429,538 shares of the company’s stock, valued at $51,080,658.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 3,200 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $122.90, for a total transaction of $393,280.00. Following the sale, the chief executive officer now owns 249,683 shares of the company’s stock, valued at $30,686,040.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Joel S. Marcus sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $118.92, for a total transaction of $891,900.00. Following the sale, the chairman now directly owns 429,538 shares in the company, valued at approximately $51,080,658.96. The disclosure for this sale can be found here. 1.15% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They set a “buy” rating and a $140.00 target price for the company. JMP Securities reaffirmed a “market outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Evercore ISI lowered 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 reissued an “outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.