Senvest Management LLC Takes $17.90 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Senvest Management LLC acquired a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 183,500 shares of the real estate investment trust's stock, valued at approximately $17,900,000. Senvest Management LLC owned approximately 0.11% of Alexandria Real Estate Equities as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Alexandria Real Estate Equities during the 4th quarter valued at approximately $1,605,426,000. JPMorgan Chase & Co. lifted its holdings in shares of Alexandria Real Estate Equities by 212.9% in the fourth quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust's stock worth $806,337,000 after buying an additional 5,624,163 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Alexandria Real Estate Equities by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 4,135,591 shares of the real estate investment trust's stock worth $402,450,000 after acquiring an additional 96,771 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Alexandria Real Estate Equities by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,466,187 shares of the real estate investment trust's stock valued at $240,577,000 after acquiring an additional 15,285 shares in the last quarter. Finally, PGGM Investments increased its holdings in Alexandria Real Estate Equities by 3,602.0% in the 4th quarter. PGGM Investments now owns 958,857 shares of the real estate investment trust's stock valued at $93,537,000 after acquiring an additional 932,956 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Alexandria Real Estate Equities Trading Up 0.8 %

Shares of NYSE ARE traded up $0.64 during midday trading on Friday, hitting $77.76. The company's stock had a trading volume of 1,628,005 shares, compared to its average volume of 1,174,730. The business's 50 day moving average is $92.31 and its two-hundred day moving average is $101.14. Alexandria Real Estate Equities, Inc. has a 12-month low of $71.57 and a 12-month high of $130.14. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. The firm has a market cap of $13.45 billion, a P/E ratio of 43.20, 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 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 net margin of 10.36% and a return on equity of 1.43%. As a group, equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $1.32 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.79%. 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.