Capital World Investors Acquires Shares of 3,351,702 Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Capital World Investors bought a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 3,351,702 shares of the real estate investment trust's stock, valued at approximately $326,959,000. Capital World Investors owned about 1.94% of Alexandria Real Estate Equities at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ARE. EverSource Wealth Advisors LLC lifted its position in Alexandria Real Estate Equities by 57.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 109 shares during the period. Callan Capital LLC boosted its stake in Alexandria Real Estate Equities by 1.3% during the fourth quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust's stock worth $873,000 after buying an additional 111 shares in the last quarter. Wedbush Securities Inc. boosted its stake in shares of Alexandria Real Estate Equities by 5.8% in the 4th quarter. Wedbush Securities Inc. now owns 2,300 shares of the real estate investment trust's stock valued at $224,000 after purchasing an additional 126 shares in the last quarter. M&T Bank Corp grew its holdings in shares of Alexandria Real Estate Equities by 0.7% during the fourth quarter. M&T Bank Corp now owns 19,478 shares of the real estate investment trust's stock worth $1,901,000 after purchasing an additional 127 shares during the last quarter. Finally, Garland Capital Management Inc. raised its position in shares of Alexandria Real Estate Equities by 0.6% during the fourth quarter. Garland Capital Management Inc. now owns 29,580 shares of the real estate investment trust's stock worth $2,886,000 after acquiring an additional 175 shares during the last quarter. 96.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wedbush reissued a "neutral" rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a research report on Monday, March 17th. They issued a "hold" rating and a $100.00 price objective on the stock. JMP Securities restated a "market outperform" rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $118.60.

Alexandria Real Estate Equities Trading Up 0.9 %

Shares of NYSE ARE traded up $0.71 during trading hours on Wednesday, hitting $76.97. The company's stock had a trading volume of 1,462,276 shares, compared to its average volume of 1,180,063. The stock has a market cap of $13.32 billion, a price-to-earnings ratio of 42.76, a P/E/G ratio of 3.93 and a beta of 1.24. The business has a 50-day simple moving average of $91.17 and a 200-day simple moving average of $100.33. Alexandria Real Estate Equities, Inc. has a 12 month low of $71.57 and a 12 month high of $130.14. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21.

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 the consensus estimate 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%. On average, analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $1.32 per share. The ex-dividend date was Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.86%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 293.33%.

About Alexandria Real Estate Equities

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.