Alexandria Real Estate Equities, Inc. (NYSE:ARE) Stake Boosted by Virtu Financial LLC

Virtu Financial LLC grew its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 113.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,967 shares of the real estate investment trust's stock after purchasing an additional 2,645 shares during the period. Virtu Financial LLC's holdings in Alexandria Real Estate Equities were worth $484,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp increased its holdings in Alexandria Real Estate Equities by 1.1% in the third quarter. State Street Corp now owns 10,585,038 shares of the real estate investment trust's stock valued at $1,270,634,000 after buying an additional 112,864 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Alexandria Real Estate Equities by 0.6% in the 4th 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 purchasing an additional 15,285 shares in the last quarter. PGGM Investments boosted its position in Alexandria Real Estate Equities by 3,602.0% during the fourth quarter. PGGM Investments now owns 958,857 shares of the real estate investment trust's stock worth $93,537,000 after purchasing an additional 932,956 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in Alexandria Real Estate Equities by 5.0% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,541 shares of the real estate investment trust's stock valued at $88,140,000 after purchasing an additional 42,825 shares during the period. Finally, Amundi increased its position in shares of Alexandria Real Estate Equities by 8.8% in the fourth quarter. Amundi now owns 876,650 shares of the real estate investment trust's stock valued at $85,417,000 after buying an additional 70,553 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

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Alexandria Real Estate Equities Stock Down 0.1 %

NYSE:ARE traded down $0.13 during midday trading on Friday, hitting $95.58. 887,436 shares of the company were exchanged, compared to its average volume of 1,083,312. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $93.25 and a fifty-two week high of $130.14. The company has a market capitalization of $16.54 billion, a PE ratio of 53.10, a price-to-earnings-growth ratio of 3.93 and a beta of 1.17. 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 company has a fifty day simple moving average of $98.01 and a 200 day simple moving average of $105.71.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, beating the consensus estimate 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 analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities announced that its Board of Directors has authorized a share repurchase plan on Monday, December 9th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the real estate investment trust to reacquire up to 2.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its shares are undervalued.

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 paid a dividend of $1.32 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.52%. Alexandria Real Estate Equities's dividend payout ratio is currently 293.33%.

Analysts Set New Price Targets

ARE has been the subject of a number of research reports. JMP Securities reissued a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Wedbush reissued a "neutral" rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. StockNews.com lowered Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research note on Monday, March 17th. Royal Bank of Canada reduced their price objective on Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating for the company in a research note on Tuesday, December 17th. Finally, Jefferies Financial Group began coverage on shares of Alexandria Real Estate Equities in a research note on Monday, March 17th. They set a "hold" rating and a $100.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus 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.