Raymond James Financial Inc. Acquires New Shares in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Raymond James Financial Inc. purchased a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 350,282 shares of the real estate investment trust's stock, valued at approximately $34,170,000. Raymond James Financial Inc. owned 0.20% of Alexandria Real Estate Equities at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its position in shares of Alexandria Real Estate Equities by 57.7% in the fourth 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 valued at about $43,000. Spire Wealth Management raised its holdings in 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 valued at $58,000 after acquiring an additional 250 shares during the period. Versant Capital Management Inc lifted 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 worth $73,000 after acquiring an additional 421 shares during the last quarter. Finally, Sherman Asset Management Inc. bought a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth approximately $75,000. Institutional investors and hedge funds own 96.54% of the company's stock.

Wall Street Analysts Forecast Growth

ARE has been the subject of several research reports. JMP Securities reissued a "market outperform" rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Jefferies Financial Group started coverage on Alexandria Real Estate Equities in a report on Monday, March 17th. They set a "hold" rating and a $100.00 target price for the company. Wedbush restated a "neutral" rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a research note 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 assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $118.60.

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE traded up $0.55 during trading hours on Tuesday, hitting $76.28. 1,449,799 shares of the stock were exchanged, compared to its average volume of 1,179,178. The company's fifty day simple moving average is $91.53 and its two-hundred day simple moving average is $100.49. The company has a market cap of $13.20 billion, a PE ratio of 42.38, a price-to-earnings-growth ratio of 3.93 and a beta of 1.24. 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 1-year low of $71.57 and a 1-year high of $130.14.

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

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 6.92%. The ex-dividend date was Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio (DPR) 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.