Alexandria Real Estate Equities Inc. (NYSE:ARE) 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 traded. The stock had previously closed at $112.30.

Several equities research analysts have recently commented on the company. TheStreet lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Monday. Barclays PLC boosted their price target on Alexandria Real Estate Equities from $105.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 19th. Mizuho boosted their price target on Alexandria Real Estate Equities from $110.00 to $113.00 and gave the stock a “buy” rating in a research note on Friday, July 8th. Citigroup Inc. decreased their price target on Alexandria Real Estate Equities from $106.00 to $92.00 and set a “neutral” rating on the stock in a research note on Thursday, July 7th. Finally, Zacks Investment Research lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Tuesday, May 17th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $103.29.

The company’s 50-day moving average is $103.77 and its 200-day moving average is $91.72. The firm has a market capitalization of $8.09 billion and a PE ratio of 82.81.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, August 1st. The real estate investment trust reported $1.36 EPS for the quarter, meeting the consensus estimate of $1.36. During the same quarter in the prior year, the business earned $1.31 earnings per share. The business earned $226.10 million during the quarter, compared to analyst estimates of $214.61 million. The firm’s revenue was up 10.7% compared to the same quarter last year. Equities research analysts predict that Alexandria Real Estate Equities Inc. will post $5.50 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.92%. The ex-dividend date was Tuesday, June 28th.

In other news, CIO Peter M. Moglia sold 4,000 shares of Alexandria Real Estate Equities stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $96.90, for a total transaction of $387,600.00. Following the transaction, the executive now directly owns 68,867 shares in the company, valued at approximately $6,673,212.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James H. Richardson sold 2,500 shares of Alexandria Real Estate Equities stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $92.98, for a total value of $232,450.00. Following the transaction, the director now owns 70,000 shares in the company, valued at $6,508,600. The disclosure for this sale can be found here.

Several hedge funds have recently bought and sold shares of the company. State of Tennessee Treasury Department increased its stake 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 worth $5,232,000 after buying an additional 20,000 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake 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 worth $13,328,000 after buying an additional 14,000 shares in the last quarter. Schroder Investment Management Group increased its stake 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 worth $22,081,000 after buying an additional 12,560 shares in the last quarter. Dimensional Fund Advisors LP increased its stake 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 worth $82,379,000 after buying an additional 11,268 shares in the last quarter. Finally, Advantus Capital Management Inc increased its stake in Alexandria Real Estate Equities by 1.7% in the fourth quarter. Advantus Capital Management Inc now owns 332,804 shares of the real estate investment trust’s stock worth $30,072,000 after buying an additional 5,440 shares in the last quarter.

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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