Marshall Wace LLP Purchases New Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Marshall Wace LLP acquired 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 13F filing with the Securities and Exchange Commission. The firm acquired 31,400 shares of the real estate investment trust's stock, valued at approximately $3,063,000.

Other hedge funds have also recently bought and sold shares of the company. Jump Financial LLC increased its stake in Alexandria Real Estate Equities by 48.3% during the fourth quarter. Jump Financial LLC now owns 6,627 shares of the real estate investment trust's stock valued at $646,000 after purchasing an additional 2,159 shares during the last quarter. Senvest Management LLC bought a new position in Alexandria Real Estate Equities in the 4th quarter valued at about $17,900,000. Stamos Capital Partners L.P. lifted its holdings in Alexandria Real Estate Equities by 50.3% in the 4th quarter. Stamos Capital Partners L.P. now owns 15,260 shares of the real estate investment trust's stock valued at $1,489,000 after acquiring an additional 5,110 shares during the last quarter. TT Capital Management LLC acquired a new stake in Alexandria Real Estate Equities in the 4th quarter valued at about $314,000. Finally, Townsquare Capital LLC lifted its holdings in Alexandria Real Estate Equities by 9.4% in the 4th quarter. Townsquare Capital LLC now owns 3,065 shares of the real estate investment trust's stock valued at $299,000 after acquiring an additional 264 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

Wall Street Analysts Forecast Growth

ARE has been the subject of a number of analyst reports. Wedbush reaffirmed a "neutral" rating and set a $104.00 price objective 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 report on Monday, March 17th. They issued a "hold" rating and a $100.00 price objective for the company. JMP Securities reiterated a "market outperform" rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, StockNews.com raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $118.60.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE traded down $4.51 during mid-day trading on Tuesday, hitting $72.47. 3,466,316 shares of the stock were exchanged, compared to its average volume of 1,192,626. The stock has a market capitalization of $12.54 billion, a price-to-earnings ratio of 40.26, a price-to-earnings-growth ratio of 3.93 and a beta of 1.24. The firm's 50-day simple moving average is $90.06 and its 200 day simple moving average is $99.32. 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, Inc. has a fifty-two week low of $71.57 and a fifty-two week high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.02. The business had revenue of $758.16 million during the quarter, compared to analysts' expectations of $755.64 million. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. Alexandria Real Estate Equities's revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.35 earnings per share. As a group, equities 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 company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 7.29%. The ex-dividend date of this dividend was Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio is presently 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.