Dimensional Fund Advisors LP Has $229.43 Million Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Dimensional Fund Advisors LP raised its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 0.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,351,852 shares of the real estate investment trust's stock after buying an additional 4,738 shares during the quarter. Dimensional Fund Advisors LP owned 1.36% of Alexandria Real Estate Equities worth $229,426,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in Alexandria Real Estate Equities during the fourth quarter valued at about $1,605,426,000. JPMorgan Chase & Co. lifted its stake in Alexandria Real Estate Equities by 212.9% during 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 in the last quarter. Geode Capital Management LLC lifted its stake in Alexandria Real Estate Equities by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 4,135,591 shares of the real estate investment trust's stock valued at $402,450,000 after buying an additional 96,771 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Alexandria Real Estate Equities by 0.6% during the fourth 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 buying an additional 15,285 shares in the last quarter. Finally, PGGM Investments boosted its holdings in shares of 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 during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ARE has been the topic of several research reports. JMP Securities reiterated a "market outperform" rating and issued a $130.00 price objective 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 research note on Wednesday, January 29th. StockNews.com raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, Jefferies Financial Group initiated 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 for the company. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Alexandria Real Estate Equities has an average rating of "Hold" and a consensus target price of $118.60.

Alexandria Real Estate Equities Stock Down 1.8 %

Shares of ARE stock traded down $1.40 on Friday, hitting $75.86. The company's stock had a trading volume of 1,220,353 shares, compared to its average volume of 1,181,535. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $71.57 and a fifty-two week high of $130.14. The firm's fifty day moving average price is $90.42 and its 200-day moving average price is $99.61. The stock has a market capitalization of $13.12 billion, a price-to-earnings ratio of 42.14, a P/E/G ratio of 3.93 and a beta of 1.24.

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

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 6.96%. The ex-dividend date was Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio is 293.33%.

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.