OLD Mission Capital LLC Makes New $599,000 Investment in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

OLD Mission Capital LLC acquired a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,142 shares of the real estate investment trust's stock, valued at approximately $599,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ARE. Proficio Capital Partners LLC acquired a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth approximately $29,000. EverSource Wealth Advisors LLC boosted its stake in shares of 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 buying an additional 109 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Alexandria Real Estate Equities during the 3rd quarter valued at $43,000. Spire Wealth Management raised its holdings in shares of Alexandria Real Estate Equities by 72.5% during the fourth quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock worth $58,000 after acquiring an additional 250 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in Alexandria Real Estate Equities by 129.9% during the fourth quarter. Versant Capital Management Inc now owns 745 shares of the real estate investment trust's stock valued at $73,000 after purchasing an additional 421 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Price Performance

Alexandria Real Estate Equities stock traded down $6.23 during mid-day trading on Thursday, hitting $74.59. 609,728 shares of the company were exchanged, compared to its average volume of 1,412,338. Alexandria Real Estate Equities, Inc. has a 1-year low of $71.57 and a 1-year 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. The business has a fifty day moving average of $94.84 and a 200 day moving average of $103.12. The company has a market capitalization of $12.91 billion, a PE ratio of 41.48, 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 posted its quarterly earnings data 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 net margin of 10.36% and a return on equity of 1.43%. As a group, sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $1.32 per share. The ex-dividend date is Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a dividend yield of 7.08%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 293.33%.

Analyst Upgrades and Downgrades

ARE has been the subject of a number of recent research reports. Wedbush reaffirmed 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. JMP Securities reiterated a "market outperform" rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. StockNews.com upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Jefferies Financial Group started coverage on shares of Alexandria Real Estate Equities in a research note on Monday, March 17th. They issued a "hold" rating and a $100.00 price objective for the company. Finally, Royal Bank of Canada lowered their target price on shares of 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. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Alexandria Real Estate Equities presently has an average 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.