Wellington Management Group LLP grew its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 33.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,713 shares of the real estate investment trust's stock after purchasing an additional 9,295 shares during the period. Wellington Management Group LLP's holdings in Alexandria Real Estate Equities were worth $3,581,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in ARE. Norges Bank acquired a new position in Alexandria Real Estate Equities in the fourth quarter worth $1,605,426,000. JPMorgan Chase & Co. lifted its position in Alexandria Real Estate Equities by 212.9% during 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 buying an additional 5,624,163 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Alexandria Real Estate Equities by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,466,187 shares of the real estate investment trust's stock worth $240,577,000 after acquiring an additional 15,285 shares during the last quarter. PGGM Investments grew its holdings in Alexandria Real Estate Equities by 3,602.0% during the 4th quarter. PGGM Investments now owns 958,857 shares of the real estate investment trust's stock worth $93,537,000 after acquiring an additional 932,956 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in Alexandria Real Estate Equities by 5.0% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,541 shares of the real estate investment trust's stock valued at $88,140,000 after acquiring an additional 42,825 shares in the last quarter. Institutional investors own 96.54% of the company's stock.
Alexandria Real Estate Equities Stock Up 1.1 %
Shares of NYSE:ARE traded up $0.83 during trading on Thursday, hitting $77.95. 274,200 shares of the company's stock traded hands, compared to its average volume of 1,167,118. The company has a 50-day moving average price of $93.01 and a 200-day moving average price of $101.69. Alexandria Real Estate Equities, Inc. has a 52 week low of $71.57 and a 52 week high of $130.14. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. The company has a market cap of $13.48 billion, a price-to-earnings ratio of 43.42, a price-to-earnings-growth ratio of 3.93 and a beta of 1.24.
Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 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%. As a group, research analysts forecast 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 disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.77%. The ex-dividend date of this dividend was Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio is presently 293.33%.
Analysts Set New Price Targets
ARE has been the topic of several research analyst reports. Wedbush reissued a "neutral" rating and set a $104.00 price target 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 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Jefferies Financial Group initiated coverage on Alexandria Real Estate Equities in a research note on Monday, March 17th. They set a "hold" rating and a $100.00 price target on the stock. Finally, StockNews.com upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $118.60.
Check Out Our Latest Stock 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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