Wellington Management Group LLP Grows Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Wellington Management Group LLP increased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 96.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,418 shares of the real estate investment trust's stock after acquiring an additional 13,447 shares during the quarter. Wellington Management Group LLP's holdings in Alexandria Real Estate Equities were worth $3,256,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Arbor Capital Management Inc. ADV raised its position in shares of Alexandria Real Estate Equities by 1.1% in the 2nd quarter. Arbor Capital Management Inc. ADV now owns 8,639 shares of the real estate investment trust's stock worth $1,000,000 after acquiring an additional 93 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Alexandria Real Estate Equities by 0.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 13,544 shares of the real estate investment trust's stock worth $1,584,000 after purchasing an additional 100 shares in the last quarter. Presima Securities ULC lifted its position in Alexandria Real Estate Equities by 0.9% during the third quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust's stock valued at $1,392,000 after buying an additional 100 shares during the period. PFG Investments LLC lifted its position in Alexandria Real Estate Equities by 5.1% during the second quarter. PFG Investments LLC now owns 2,392 shares of the real estate investment trust's stock valued at $280,000 after buying an additional 115 shares during the period. Finally, Capital Square LLC boosted its holdings in shares of Alexandria Real Estate Equities by 2.1% during the 3rd quarter. Capital Square LLC now owns 5,811 shares of the real estate investment trust's stock valued at $690,000 after buying an additional 118 shares in the last quarter. Institutional investors own 96.54% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ARE shares. JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. JMP Securities decreased their target price on shares of Alexandria Real Estate Equities from $140.00 to $130.00 and set a "market outperform" rating for the company in a research note on Friday, November 15th. Robert W. Baird dropped their price target on Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. 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 report on Tuesday. Finally, Citigroup downgraded Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $130.00 to $125.00 in a report on Friday, September 13th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $124.82.

Alexandria Real Estate Equities Stock Performance

Shares of Alexandria Real Estate Equities stock traded down $4.38 during trading on Wednesday, hitting $97.93. 2,237,301 shares of the company's stock traded hands, compared to its average volume of 1,019,721. Alexandria Real Estate Equities, Inc. has a 1 year low of $97.90 and a 1 year high of $131.82. The business has a 50-day simple moving average of $110.67 and a 200-day simple moving average of $115.53. The stock has a market capitalization of $17.11 billion, a P/E ratio of 59.71, a PEG ratio of 3.87 and a beta of 1.14. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.38 by ($1.42). The company had revenue of $791.60 million for the quarter, compared to analysts' expectations of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The business's revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.26 EPS. As a group, analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities declared that its board has initiated a share repurchase program on Monday, December 9th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to buy up to 2.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its stock is undervalued.

Alexandria Real Estate Equities Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $1.32 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Alexandria Real Estate Equities's previous quarterly dividend of $1.30. This represents a $5.28 dividend on an annualized basis and a yield of 5.39%. Alexandria Real Estate Equities's payout ratio is currently 321.95%.

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.