Resona Asset Management Co. Ltd. Takes Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Resona Asset Management Co. Ltd. purchased 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 filing with the Securities and Exchange Commission. The fund purchased 86,721 shares of the real estate investment trust's stock, valued at approximately $8,510,000. Resona Asset Management Co. Ltd. owned 0.05% of Alexandria Real Estate Equities as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ARE. Wells Fargo & Company MN grew its holdings in shares of Alexandria Real Estate Equities by 1.6% during the fourth quarter. Wells Fargo & Company MN now owns 459,766 shares of the real estate investment trust's stock worth $44,850,000 after purchasing an additional 7,173 shares during the last quarter. Motley Fool Asset Management LLC grew its position in shares of Alexandria Real Estate Equities by 9.4% in the fourth quarter. Motley Fool Asset Management LLC now owns 33,472 shares of the real estate investment trust's stock valued at $3,265,000 after purchasing an additional 2,880 shares during the last quarter. OLD Mission Capital LLC acquired a new stake in shares of Alexandria Real Estate Equities during the 4th quarter worth about $599,000. Geode Capital Management LLC increased its stake in Alexandria Real Estate Equities by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 4,135,591 shares of the real estate investment trust's stock valued at $402,450,000 after purchasing an additional 96,771 shares during the last quarter. Finally, HighPoint Advisor Group LLC grew its stake in shares of Alexandria Real Estate Equities by 19.8% during the 4th quarter. HighPoint Advisor Group LLC now owns 2,182 shares of the real estate investment trust's stock valued at $207,000 after buying an additional 360 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

ARE has been the subject of a number of recent analyst reports. 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 report on Tuesday, December 17th. JMP Securities reaffirmed a "market outperform" rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. StockNews.com raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a report on Monday, March 17th. They set a "hold" rating and a $100.00 price target for the company. Finally, Wedbush restated a "neutral" rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $118.60.

Alexandria Real Estate Equities Stock Up 3.0 %

Shares of ARE stock traded up $2.26 on Friday, reaching $76.83. 2,667,166 shares of the company were exchanged, compared to its average volume of 1,160,621. Alexandria Real Estate Equities, Inc. has a one year low of $71.57 and a one year high of $130.14. The company has a 50-day moving average of $94.08 and a 200-day moving average of $102.31. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The company has a market cap of $13.29 billion, a price-to-earnings ratio of 42.68, a PEG ratio of 3.93 and a beta of 1.24.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its 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%. 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.87%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities's payout ratio is currently 293.33%.

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.