Nebula Research & Development LLC bought a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 30,202 shares of the real estate investment trust's stock, valued at approximately $2,946,000.
Several other hedge funds and other institutional investors have also bought and sold shares of ARE. Norges Bank acquired a new position in Alexandria Real Estate Equities in the fourth quarter valued at $1,605,426,000. JPMorgan Chase & Co. lifted its holdings in Alexandria Real Estate Equities by 212.9% in the fourth quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust's stock valued at $806,337,000 after buying an additional 5,624,163 shares during the period. Capital World Investors acquired a new position in Alexandria Real Estate Equities in the fourth quarter valued at $326,959,000. PGGM Investments lifted its holdings in Alexandria Real Estate Equities by 3,602.0% in the fourth quarter. PGGM Investments now owns 958,857 shares of the real estate investment trust's stock valued at $93,537,000 after buying an additional 932,956 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Alexandria Real Estate Equities in the fourth quarter valued at $34,170,000. Institutional investors and hedge funds own 96.54% of the company's stock.
Alexandria Real Estate Equities Stock Down 0.5 %
Shares of NYSE:ARE traded down $0.39 during midday trading on Wednesday, hitting $72.18. 913,449 shares of the company's stock were exchanged, compared to its average volume of 1,490,131. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The stock has a 50 day moving average price of $89.60 and a 200-day moving average price of $99.14. The company has a market cap of $12.49 billion, a PE ratio of 40.10, a price-to-earnings-growth ratio of 3.93 and a beta of 1.24. Alexandria Real Estate Equities, Inc. has a 12 month low of $70.57 and a 12 month high of $130.14.
Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its earnings results on Monday, April 28th. The real estate investment trust reported $2.30 EPS for the quarter, topping the consensus estimate of $2.28 by $0.02. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. The company had revenue of $758.16 million during the quarter, compared to the consensus estimate of $755.64 million. During the same period in the previous year, the firm posted $2.35 earnings per share. The firm's revenue for the quarter was down 1.4% on a year-over-year basis. On average, sell-side 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 declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued 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 7.32%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently 293.33%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They set a "hold" rating and a $100.00 price objective on the stock. JMP Securities reiterated a "market outperform" rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday. Wedbush reiterated a "neutral" rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $118.60.
View Our Latest Research Report on ARE
About Alexandria Real Estate Equities
(
Free Report)
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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