JPMorgan Chase & Co. Has $806.34 Million Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

JPMorgan Chase & Co. grew its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 212.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,265,880 shares of the real estate investment trust's stock after acquiring an additional 5,624,163 shares during the quarter. JPMorgan Chase & Co. owned about 4.78% of Alexandria Real Estate Equities worth $806,337,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Alexandria Real Estate Equities by 0.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 339,699 shares of the real estate investment trust's stock worth $33,685,000 after buying an additional 1,903 shares during the period. Korea Investment CORP grew its holdings in shares of Alexandria Real Estate Equities by 66.9% in the fourth quarter. Korea Investment CORP now owns 85,855 shares of the real estate investment trust's stock valued at $8,375,000 after purchasing an additional 34,424 shares during the period. Nuance Investments LLC purchased a new position in Alexandria Real Estate Equities during the fourth quarter worth about $6,886,000. Zions Bancorporation N.A. boosted its position in shares of Alexandria Real Estate Equities by 67.0% during the fourth quarter. Zions Bancorporation N.A. now owns 50,530 shares of the real estate investment trust's stock worth $4,929,000 after buying an additional 20,276 shares during the period. Finally, EntryPoint Capital LLC acquired a new position in Alexandria Real Estate Equities in the 4th quarter valued at about $693,000. Institutional investors own 96.54% of the company's stock.

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Alexandria Real Estate Equities Stock Up 0.9 %

NYSE:ARE traded up $0.80 during mid-day trading on Wednesday, reaching $91.95. The stock had a trading volume of 341,591 shares, compared to its average volume of 1,088,535. The company has a market capitalization of $15.92 billion, a price-to-earnings ratio of 51.03, a price-to-earnings-growth ratio of 3.93 and a beta of 1.24. The stock's 50 day simple moving average is $97.59 and its two-hundred day simple moving average is $105.17. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. Alexandria Real Estate Equities, Inc. has a 1-year low of $90.07 and a 1-year high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 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%. Equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities announced that its board has initiated a share buyback plan on Monday, December 9th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the real estate investment trust to buy up to 2.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $1.32 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a yield of 5.74%. Alexandria Real Estate Equities's dividend payout ratio is presently 293.33%.

Analyst Upgrades and Downgrades

ARE has been the subject of several analyst reports. JMP Securities reissued a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Royal Bank of Canada cut 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. StockNews.com lowered Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a report on Monday, March 17th. Wedbush reissued a "neutral" rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Finally, Jefferies Financial Group assumed 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 target on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $118.60.

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.