Envestnet Asset Management Inc. Buys 106,002 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Envestnet Asset Management Inc. raised its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 25.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 526,960 shares of the real estate investment trust's stock after acquiring an additional 106,002 shares during the period. Envestnet Asset Management Inc. owned approximately 0.30% of Alexandria Real Estate Equities worth $51,405,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Stifel Financial Corp increased its position in Alexandria Real Estate Equities by 93.6% in the 3rd quarter. Stifel Financial Corp now owns 81,413 shares of the real estate investment trust's stock worth $9,668,000 after buying an additional 39,358 shares during the period. Wellington Management Group LLP boosted its holdings in Alexandria Real Estate Equities by 96.2% in the 3rd quarter. Wellington Management Group LLP now owns 27,418 shares of the real estate investment trust's stock valued at $3,256,000 after purchasing an additional 13,447 shares during the period. XTX Topco Ltd increased its holdings in shares of Alexandria Real Estate Equities by 16.0% during the 3rd quarter. XTX Topco Ltd now owns 5,800 shares of the real estate investment trust's stock worth $689,000 after purchasing an additional 798 shares during the period. MML Investors Services LLC raised its position in shares of Alexandria Real Estate Equities by 217.9% during the third quarter. MML Investors Services LLC now owns 20,087 shares of the real estate investment trust's stock valued at $2,385,000 after buying an additional 13,769 shares during the last quarter. Finally, Toronto Dominion Bank lifted its stake in shares of Alexandria Real Estate Equities by 0.5% in the third quarter. Toronto Dominion Bank now owns 77,257 shares of the real estate investment trust's stock valued at $9,174,000 after buying an additional 392 shares during the period. 96.54% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

ARE has been the subject of several recent research reports. Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a "hold" rating and a $100.00 price target for the company. JMP Securities reaffirmed a "market outperform" rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. StockNews.com raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Wedbush reiterated a "neutral" rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada dropped their price target on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating for the company in a research report on Tuesday, December 17th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $118.60.

Alexandria Real Estate Equities Price Performance

Shares of Alexandria Real Estate Equities stock traded down $0.26 during trading on Wednesday, reaching $78.86. The company's stock had a trading volume of 159,447 shares, compared to its average volume of 1,454,446. Alexandria Real Estate Equities, Inc. has a one year low of $71.57 and a one year high of $130.14. The stock has a 50-day moving average price of $93.38 and a two-hundred day moving average price of $101.86. 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 stock has a market capitalization of $13.64 billion, a P/E ratio of 43.83, a price-to-earnings-growth ratio of 3.93 and a beta of 1.24.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. As a group, sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 6.70%. The ex-dividend date was Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio is 293.33%.

Alexandria Real Estate Equities 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.