Bridgefront Capital LLC Purchases New Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Bridgefront Capital 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 Securities & Exchange Commission. The fund acquired 19,362 shares of the real estate investment trust's stock, valued at approximately $1,889,000. Alexandria Real Estate Equities makes up 0.6% of Bridgefront Capital LLC's investment portfolio, making the stock its 12th biggest position.

Other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in Alexandria Real Estate Equities by 57.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 109 shares during the last quarter. Callan Capital LLC raised its holdings in Alexandria Real Estate Equities by 1.3% during the fourth quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust's stock worth $873,000 after acquiring an additional 111 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in shares of Alexandria Real Estate Equities by 6.0% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,119 shares of the real estate investment trust's stock valued at $207,000 after buying an additional 120 shares in the last quarter. Wedbush Securities Inc. lifted its stake in Alexandria Real Estate Equities by 5.8% in the 4th quarter. Wedbush Securities Inc. now owns 2,300 shares of the real estate investment trust's stock valued at $224,000 after purchasing an additional 126 shares during the last quarter. Finally, M&T Bank Corp increased its holdings in shares of Alexandria Real Estate Equities by 0.7% during the 4th quarter. M&T Bank Corp now owns 19,478 shares of the real estate investment trust's stock worth $1,901,000 after acquiring an additional 127 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Trading Up 0.5 %

Shares of NYSE ARE traded up $0.33 during midday trading on Wednesday, hitting $71.90. The company's stock had a trading volume of 1,831,203 shares, compared to its average volume of 1,219,966. Alexandria Real Estate Equities, Inc. has a 12-month low of $70.57 and a 12-month high of $130.14. The firm has a market cap of $12.44 billion, a P/E ratio of 39.95, a price-to-earnings-growth ratio of 3.93 and a beta of 1.27. The business's 50 day moving average is $86.43 and its two-hundred day moving average is $97.28. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $2.30 EPS for the quarter, beating analysts' consensus estimates of $2.28 by $0.02. The company had revenue of $758.16 million during the quarter, compared to analysts' expectations of $755.64 million. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. The firm's revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business posted $2.35 earnings per share. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given 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 yield of 7.34%. Alexandria Real Estate Equities's payout ratio is 694.74%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ARE. 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 target price for the company. 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. StockNews.com upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, JMP Securities restated a "market outperform" rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target 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.