Paralel Advisors LLC Invests $1.41 Million in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Paralel Advisors LLC acquired a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,500 shares of the real estate investment trust's stock, valued at approximately $1,414,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Stifel Financial Corp lifted its holdings in shares of Alexandria Real Estate Equities by 93.6% in the third quarter. Stifel Financial Corp now owns 81,413 shares of the real estate investment trust's stock valued at $9,668,000 after purchasing an additional 39,358 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Alexandria Real Estate Equities by 96.2% during the 3rd quarter. Wellington Management Group LLP now owns 27,418 shares of the real estate investment trust's stock worth $3,256,000 after acquiring an additional 13,447 shares during the last quarter. XTX Topco Ltd grew its stake in shares of Alexandria Real Estate Equities by 16.0% in the 3rd quarter. XTX Topco Ltd now owns 5,800 shares of the real estate investment trust's stock worth $689,000 after acquiring an additional 798 shares in the last quarter. MML Investors Services LLC raised its holdings in shares of Alexandria Real Estate Equities by 217.9% in the third quarter. MML Investors Services LLC now owns 20,087 shares of the real estate investment trust's stock valued at $2,385,000 after purchasing an additional 13,769 shares during the last quarter. Finally, Vestcor Inc lifted its position in shares of Alexandria Real Estate Equities by 321.8% during the third quarter. Vestcor Inc now owns 28,937 shares of the real estate investment trust's stock valued at $3,436,000 after purchasing an additional 22,077 shares in the last quarter. 96.54% of the stock is owned by institutional investors.

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Alexandria Real Estate Equities Trading Down 0.7 %

Shares of Alexandria Real Estate Equities stock traded down $0.52 during trading on Tuesday, reaching $79.18. The company's stock had a trading volume of 519,218 shares, compared to its average volume of 1,162,143. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a 52-week low of $71.57 and a 52-week high of $130.14. The firm's 50-day moving average is $93.73 and its two-hundred day moving average is $102.02. The company has a market cap of $13.70 billion, a price-to-earnings ratio of 43.99, a PEG ratio of 3.93 and a beta of 1.24.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. On average, sell-side analysts anticipate 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. Stockholders of record on Monday, March 31st will be paid a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.67%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 293.33%.

Analyst Ratings Changes

Several equities research analysts have commented on ARE shares. Jefferies Financial Group assumed 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. Royal Bank of Canada cut their price objective 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. Wedbush reaffirmed a "neutral" rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. StockNews.com raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, JMP Securities restated a "market outperform" rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently 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.