R
esona Asset Management Co. Ltd. increased its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 6.4% during the first quarter, according to a recent Form 13F filing with the SEC. The fund acquired an additional 5,533 shares of the real estate investment trust's stock, bringing its total holdings to 92,254 shares worth approximately $8,745,000 as of its most recent filing.

    Other institutional investors have also made significant moves in Alexandria Real Estate Equities. Colonial Trust Co SC boosted its position by 514.3% during the fourth quarter, while Tsfg LLC, Avalon Trust Co, TruNorth Capital Management LLC, and Cromwell Holdings LLC all purchased new stakes in the company during the first quarter.

    Analysts have weighed in on ARE with varying price targets and ratings. BNP Paribas Exane cut its target from $111.00 to $85.00 and set a "neutral" rating, while JMP Securities reaffirmed a "market outperform" rating with a $130.00 target. Ten research analysts have rated the stock with a hold rating, and two have given it a buy rating.

    Alexandria Real Estate Equities' stock performance has been mixed, with shares opening at $74.58 on Friday. The company's 52-week low is $67.37, while its 52-week high is $125.63. Its market cap is $12.90 billion, and it has a debt-to-equity ratio of 0.61.

    The company recently reported earnings that beat analysts' estimates, with a quarterly dividend declared on July 15th. Alexandria Real Estate Equities is an S&P 500 company focused on life science real estate, with a mission-driven approach to making a positive impact on the world.