AQR Capital Management LLC Raises Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

AQR Capital Management LLC boosted its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 495.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,047 shares of the real estate investment trust's stock after purchasing an additional 206,412 shares during the quarter. AQR Capital Management LLC owned about 0.14% of Alexandria Real Estate Equities worth $24,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in ARE. Norges Bank purchased a new stake in Alexandria Real Estate Equities in the fourth quarter valued at about $1,605,426,000. JPMorgan Chase & Co. boosted its stake in Alexandria Real Estate Equities by 212.9% in the 4th quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust's stock worth $806,337,000 after purchasing an additional 5,624,163 shares in the last quarter. Geode Capital Management LLC grew its position in Alexandria Real Estate Equities by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 4,135,591 shares of the real estate investment trust's stock worth $402,450,000 after purchasing an additional 96,771 shares during the last quarter. Capital World Investors purchased a new position in shares of Alexandria Real Estate Equities in the fourth quarter worth $326,959,000. Finally, Northern Trust Corp grew its holdings in shares of Alexandria Real Estate Equities by 67.9% during the fourth quarter. Northern Trust Corp now owns 2,565,406 shares of the real estate investment trust's stock valued at $250,255,000 after buying an additional 1,037,413 shares during the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Price Performance

NYSE ARE traded up $1.77 on Thursday, hitting $73.66. The company had a trading volume of 1,791,134 shares, compared to its average volume of 1,222,242. The company has a market capitalization of $12.74 billion, a PE ratio of 40.92, a PEG ratio of 3.93 and a beta of 1.27. The company's fifty day moving average price is $86.43 and its 200-day moving average price is $97.28. 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 12-month low of $70.57 and a 12-month high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.02. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. The business had revenue of $758.16 million for the quarter, compared to the consensus estimate of $755.64 million. During the same quarter last year, the business posted $2.35 earnings per share. The business's quarterly revenue was down 1.4% compared to the same quarter last year. As a group, analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 7.17%. The ex-dividend date of this dividend was Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio is currently 694.74%.

Analyst Ratings Changes

ARE has been the topic of a number of recent research reports. Jefferies Financial Group began coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They issued a "hold" rating and a $100.00 target price on the stock. Wedbush reissued a "neutral" rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. StockNews.com raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. 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 note on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target 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.