TD Waterhouse Canada Inc. Increases Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

TD Waterhouse Canada Inc. grew its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 150,687 shares of the real estate investment trust's stock after purchasing an additional 9,534 shares during the quarter. TD Waterhouse Canada Inc. owned approximately 0.09% of Alexandria Real Estate Equities worth $14,689,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in Alexandria Real Estate Equities during the fourth quarter worth approximately $1,605,426,000. JPMorgan Chase & Co. raised its position in Alexandria Real Estate Equities by 212.9% in the 4th quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust's stock valued at $806,337,000 after purchasing an additional 5,624,163 shares during the last quarter. Geode Capital Management LLC boosted its stake in Alexandria Real Estate Equities by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 4,135,591 shares of the real estate investment trust's stock worth $402,450,000 after purchasing an additional 96,771 shares during the period. Capital World Investors acquired a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth about $326,959,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of 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 worth $240,577,000 after buying an additional 15,285 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Down 2.7 %

Shares of NYSE:ARE opened at $75.70 on Tuesday. The company has a market capitalization of $13.10 billion, a P/E ratio of 42.06, a P/E/G ratio of 3.93 and a beta of 1.24. The stock's fifty day simple moving average is $91.92 and its 200-day simple moving average is $100.66. Alexandria Real Estate Equities, Inc. has a 52-week low of $71.57 and a 52-week 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.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued 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 forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal 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 given a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.97%. The ex-dividend date of this dividend was Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio is currently 293.33%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ARE shares. 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 report on Thursday, April 3rd. Wedbush reiterated 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. Finally, Jefferies Financial Group started coverage on shares of Alexandria Real Estate Equities in a research report on Monday, March 17th. They issued a "hold" rating and a $100.00 price objective for the company. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $118.60.

Alexandria Real Estate Equities Company 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.

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