Nebula Research & Development LLC acquired a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 30,202 shares of the real estate investment trust's stock, valued at approximately $2,946,000.
Several other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Alexandria Real Estate Equities during the 4th quarter worth $1,605,426,000. JPMorgan Chase & Co. grew its holdings in shares of Alexandria Real Estate Equities by 212.9% during the fourth quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust's stock worth $806,337,000 after purchasing an additional 5,624,163 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Alexandria Real Estate Equities by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 4,135,591 shares of the real estate investment trust's stock worth $402,450,000 after purchasing an additional 96,771 shares in the last quarter. Capital World Investors acquired a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at about $326,959,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Alexandria Real Estate Equities by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,466,187 shares of the real estate investment trust's stock worth $240,577,000 after buying an additional 15,285 shares during the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. Wedbush reaffirmed a "neutral" rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. StockNews.com raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. JMP Securities reaffirmed a "market outperform" rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Finally, Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a "hold" rating and a $100.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $118.60.
Read Our Latest Stock Analysis on ARE
Alexandria Real Estate Equities Price Performance
Shares of ARE traded up $1.08 during mid-day trading on Monday, hitting $76.96. The company's stock had a trading volume of 1,680,355 shares, compared to its average volume of 1,183,530. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. The firm has a 50-day simple moving average of $90.42 and a 200 day simple moving average of $99.61. The firm has a market capitalization of $13.31 billion, a P/E ratio of 42.76, a P/E/G ratio of 3.93 and a beta of 1.24. Alexandria Real Estate Equities, Inc. has a 1-year low of $71.57 and a 1-year high of $130.14.
Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.01. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. Analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.
Alexandria Real Estate Equities Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $1.32 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $5.28 annualized dividend and a yield of 6.86%. Alexandria Real Estate Equities's dividend payout ratio is presently 293.33%.
Alexandria Real Estate Equities Company Profile
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Free Report)
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.
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