Magnetar Financial LLC Makes New Investment in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Magnetar Financial LLC purchased a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 9,923 shares of the real estate investment trust's stock, valued at approximately $968,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Proficio Capital Partners LLC purchased a new position in shares of Alexandria Real Estate Equities during the fourth quarter valued at approximately $29,000. EverSource Wealth Advisors LLC increased its position in Alexandria Real Estate Equities by 57.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 109 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Alexandria Real Estate Equities in the 3rd quarter worth $43,000. Spire Wealth Management lifted its position in shares of Alexandria Real Estate Equities by 72.5% in the 4th 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 period. Finally, Loomis Sayles & Co. L P lifted its position in shares of Alexandria Real Estate Equities by 3,129.4% in the 3rd quarter. Loomis Sayles & Co. L P now owns 549 shares of the real estate investment trust's stock worth $65,000 after purchasing an additional 532 shares during the period. Institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Up 0.1 %

Alexandria Real Estate Equities stock traded up $0.13 during trading hours on Wednesday, hitting $96.11. The stock had a trading volume of 886,538 shares, compared to its average volume of 1,040,404. The stock's 50-day moving average price is $98.27 and its 200-day moving average price is $106.11. The stock has a market capitalization of $16.64 billion, a P/E ratio of 53.40, a price-to-earnings-growth ratio of 3.93 and a beta of 1.17. Alexandria Real Estate Equities, Inc. has a 12-month low of $93.25 and a 12-month high of $130.14. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55.

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

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $1.32 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $5.28 annualized dividend and a dividend yield of 5.49%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 293.33%.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ARE shares. Royal Bank of Canada decreased 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 note on Tuesday, December 17th. Jefferies Financial Group started coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They issued a "hold" rating and a $100.00 target price for the company. Wedbush restated a "neutral" rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. JPMorgan Chase & Co. downgraded Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $133.00 to $121.00 in a report on Wednesday, November 27th. Finally, StockNews.com lowered Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research report on Monday, March 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of "Hold" and a consensus price target of $118.60.

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.