Ensign Peak Advisors Inc Boosts Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Ensign Peak Advisors Inc raised its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 11.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,561 shares of the real estate investment trust's stock after purchasing an additional 7,078 shares during the quarter. Ensign Peak Advisors Inc's holdings in Alexandria Real Estate Equities were worth $6,981,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ARE. Bank of America Corp DE lifted its holdings in Alexandria Real Estate Equities by 218.1% during the 4th quarter. Bank of America Corp DE now owns 1,164,554 shares of the real estate investment trust's stock worth $113,602,000 after purchasing an additional 798,438 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of Alexandria Real Estate Equities in the 4th quarter valued at $968,000. Hahn Capital Management LLC grew its position in Alexandria Real Estate Equities by 50.4% during the 4th quarter. Hahn Capital Management LLC now owns 68,370 shares of the real estate investment trust's stock worth $6,669,000 after acquiring an additional 22,926 shares during the last quarter. CCLA Investment Management grew its position in Alexandria Real Estate Equities by 4.0% during the 4th quarter. CCLA Investment Management now owns 841,435 shares of the real estate investment trust's stock worth $82,023,000 after acquiring an additional 32,367 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Alexandria Real Estate Equities by 5.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,541 shares of the real estate investment trust's stock worth $88,140,000 after acquiring an additional 42,825 shares during the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Trading Up 1.8%

Shares of ARE stock traded up $1.26 during trading hours on Friday, reaching $72.82. The company's stock had a trading volume of 1,598,775 shares, compared to its average volume of 1,258,350. The stock has a market capitalization of $12.60 billion, a P/E ratio of 40.46, a P/E/G ratio of 3.93 and a beta of 1.27. Alexandria Real Estate Equities, Inc. has a one year low of $70.15 and a one year high of $130.14. The firm's fifty day simple moving average is $82.98 and its 200 day simple moving average is $95.47. 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 issued its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share for the quarter, topping analysts' consensus estimates of $2.28 by $0.02. The firm had revenue of $758.16 million for the quarter, compared to analyst estimates of $755.64 million. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. The business's quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $2.35 EPS. 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. Shareholders of record on Monday, March 31st were paid a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 7.25%. The ex-dividend date was Monday, March 31st. Alexandria Real Estate Equities's payout ratio is 694.74%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Wedbush reissued a "neutral" rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. JMP Securities reissued a "market outperform" rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. StockNews.com raised 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 Alexandria Real Estate Equities in a research note on Monday, March 17th. They issued a "hold" rating and a $100.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $118.60.

Alexandria Real Estate Equities 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.