Alexandria Real Estate Equities Inc. (NYSE:ARE) shares hit a new 52-week high during trading on Monday . The stock traded as high as $113.06 and last traded at $112.43, with a volume of 226,140 shares trading hands. The stock had previously closed at $112.30.

Several research analysts have commented on ARE shares. Mizuho boosted their price objective on shares of Alexandria Real Estate Equities from $110.00 to $113.00 and gave the company a “buy” rating in a research report on Friday, July 8th. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a research report on Tuesday, May 10th. TheStreet upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research report on Monday, April 18th. Robert W. Baird restated a “hold” rating on shares of Alexandria Real Estate Equities in a research report on Monday, May 16th. Finally, Citigroup Inc. lowered their price objective on shares of Alexandria Real Estate Equities from $106.00 to $92.00 and set a “neutral” rating for the company in a research report on Thursday, July 7th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $103.29.

The stock has a 50-day moving average of $103.06 and a 200 day moving average of $91.15. The company has a market capitalization of $8.30 billion and a P/E ratio of 84.98.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.85%. The ex-dividend date was Tuesday, June 28th.

In related news, Director Daniel J. Ryan sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $95.31, for a total value of $476,550.00. Following the completion of the transaction, the director now directly owns 71,200 shares of the company’s stock, valued at approximately $6,786,072. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James H. Richardson sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $92.98, for a total transaction of $232,450.00. Following the completion of the transaction, the director now directly owns 70,000 shares of the company’s stock, valued at $6,508,600. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have added to or reduced their stakes in the company. First Trust Advisors LP increased its position in Alexandria Real Estate Equities by 124.4% in the fourth quarter. First Trust Advisors LP now owns 59,336 shares of the real estate investment trust’s stock valued at $5,362,000 after buying an additional 32,897 shares during the period. State of Tennessee Treasury Department increased its position in Alexandria Real Estate Equities by 52.8% in the fourth quarter. State of Tennessee Treasury Department now owns 57,900 shares of the real estate investment trust’s stock valued at $5,232,000 after buying an additional 20,000 shares during the period. State of New Jersey Common Pension Fund D increased its position in Alexandria Real Estate Equities by 10.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 147,500 shares of the real estate investment trust’s stock valued at $13,328,000 after buying an additional 14,000 shares during the period. Schroder Investment Management Group increased its position in Alexandria Real Estate Equities by 5.4% in the fourth quarter. Schroder Investment Management Group now owns 244,363 shares of the real estate investment trust’s stock valued at $22,081,000 after buying an additional 12,560 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Alexandria Real Estate Equities by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 911,653 shares of the real estate investment trust’s stock valued at $82,379,000 after buying an additional 11,268 shares during the period.

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing office/laboratory and technology office space for lease to the science and technology industries. It is focused on collaborative science and technology campuses. It develops urban cluster campuses and ecosystems.

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