CANADA LIFE ASSURANCE Co Acquires 10,769 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

CANADA LIFE ASSURANCE Co increased its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 3.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 325,801 shares of the real estate investment trust's stock after buying an additional 10,769 shares during the period. CANADA LIFE ASSURANCE Co owned 0.19% of Alexandria Real Estate Equities worth $31,747,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC bought a new stake in Alexandria Real Estate Equities during the 4th quarter valued at about $29,000. EverSource Wealth Advisors LLC raised its holdings in Alexandria Real Estate Equities by 57.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 109 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Alexandria Real Estate Equities during the 3rd quarter valued at $43,000. Spire Wealth Management raised its stake in shares of Alexandria Real Estate Equities by 72.5% in the fourth quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock worth $58,000 after purchasing an additional 250 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Alexandria Real Estate Equities by 129.9% during the fourth quarter. Versant Capital Management Inc now owns 745 shares of the real estate investment trust's stock valued at $73,000 after purchasing an additional 421 shares in the last quarter. Institutional investors own 96.54% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ARE. StockNews.com upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. JMP Securities reiterated 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. Wedbush reissued a "neutral" rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Finally, Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a "hold" rating and a $100.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $118.60.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock traded up $0.71 on Wednesday, reaching $76.97. The company's stock had a trading volume of 1,462,263 shares, compared to its average volume of 1,472,435. The company has a market capitalization of $13.32 billion, a price-to-earnings ratio of 42.76, a price-to-earnings-growth ratio of 3.93 and a beta of 1.24. The stock's fifty day simple moving average is $91.53 and its 200-day simple moving average is $100.49. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. 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, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. Analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Monday, March 31st. This represents a $5.28 annualized dividend and a dividend yield of 6.86%. Alexandria Real Estate Equities's dividend payout ratio (DPR) 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.