Wells Fargo & Company MN Has $44.85 Million Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Wells Fargo & Company MN increased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 459,766 shares of the real estate investment trust's stock after buying an additional 7,173 shares during the quarter. Wells Fargo & Company MN owned about 0.27% of Alexandria Real Estate Equities worth $44,850,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of ARE. EverSource Wealth Advisors LLC lifted its position in shares of Alexandria Real Estate Equities by 57.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 109 shares in the last quarter. Callan Capital LLC raised its position in shares of Alexandria Real Estate Equities by 1.3% during the 4th quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust's stock valued at $873,000 after acquiring an additional 111 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Alexandria Real Estate Equities by 0.7% during the fourth quarter. M&T Bank Corp now owns 19,478 shares of the real estate investment trust's stock worth $1,901,000 after purchasing an additional 127 shares during the period. Garland Capital Management Inc. boosted its stake in Alexandria Real Estate Equities by 0.6% in the fourth quarter. Garland Capital Management Inc. now owns 29,580 shares of the real estate investment trust's stock valued at $2,886,000 after acquiring an additional 175 shares during the period. Finally, Private Trust Co. NA boosted its position in Alexandria Real Estate Equities by 30.2% during the 4th quarter. Private Trust Co. NA now owns 776 shares of the real estate investment trust's stock valued at $76,000 after purchasing an additional 180 shares during the period. 96.54% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analyst Upgrades and Downgrades

ARE has been the topic of a number of recent research reports. StockNews.com upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Royal Bank of Canada cut their price objective on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating on the stock in a research report on Tuesday, December 17th. Wedbush reissued a "neutral" rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Jefferies Financial Group started coverage on shares of Alexandria Real Estate Equities in a research note on Monday, March 17th. They issued a "hold" rating and a $100.00 price target on the stock. Finally, JMP Securities reiterated a "market outperform" rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $118.60.

Alexandria Real Estate Equities Price Performance

ARE traded down $0.18 during trading on Tuesday, reaching $79.52. The stock had a trading volume of 260,060 shares, compared to its average volume of 1,161,083. Alexandria Real Estate Equities, Inc. has a 1-year low of $71.57 and a 1-year high of $130.14. The firm has a market capitalization of $13.76 billion, a price-to-earnings ratio of 44.18, a price-to-earnings-growth ratio of 3.93 and a beta of 1.24. The stock has a 50 day moving average of $93.73 and a two-hundred day moving average of $102.02. 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 announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, beating the consensus estimate 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%. As a group, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $1.32 dividend. 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 6.64%. 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.