Federated Hermes Inc. Grows Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Federated Hermes Inc. boosted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 20.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 695,137 shares of the real estate investment trust's stock after purchasing an additional 117,753 shares during the period. Federated Hermes Inc. owned about 0.40% of Alexandria Real Estate Equities worth $67,811,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fulton Bank N.A. lifted its stake in Alexandria Real Estate Equities by 77.7% during the 4th quarter. Fulton Bank N.A. now owns 16,165 shares of the real estate investment trust's stock worth $1,577,000 after acquiring an additional 7,070 shares in the last quarter. Magnetar Financial LLC purchased a new stake in Alexandria Real Estate Equities during the fourth quarter worth about $968,000. Hahn Capital Management LLC lifted its position in shares of Alexandria Real Estate Equities by 50.4% during the fourth quarter. Hahn Capital Management LLC now owns 68,370 shares of the real estate investment trust's stock worth $6,669,000 after purchasing an additional 22,926 shares in the last quarter. CCLA Investment Management boosted its stake in shares of Alexandria Real Estate Equities by 4.0% in the fourth quarter. CCLA Investment Management now owns 841,435 shares of the real estate investment trust's stock valued at $82,023,000 after purchasing an additional 32,367 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in Alexandria Real Estate Equities by 5.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,541 shares of the real estate investment trust's stock worth $88,140,000 after buying an additional 42,825 shares during the period. Hedge funds and other institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Up 3.0 %

Shares of Alexandria Real Estate Equities stock traded up $2.26 during trading hours on Friday, hitting $76.83. The company had a trading volume of 2,667,166 shares, compared to its average volume of 1,158,130. The company's 50-day moving average is $94.08 and its two-hundred day moving average is $102.44. Alexandria Real Estate Equities, Inc. has a twelve month low of $71.57 and a twelve month high of $130.14. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The company has a market cap of $13.30 billion, a P/E ratio of 42.68, 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 released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Analysts anticipate 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 6.87%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities's payout ratio is currently 293.33%.

Analyst Ratings Changes

Several brokerages have commented on ARE. Jefferies Financial Group began 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 target for the company. Royal Bank of Canada reduced their price target on Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating on the stock in a research report on Tuesday, December 17th. JMP Securities reissued 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 reaffirmed a "neutral" rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of "Hold" and a consensus price target of $118.60.

Alexandria Real Estate Equities Company 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.