BNP Paribas Financial Markets Has $61.53 Million Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

BNP Paribas Financial Markets boosted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 44.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 630,780 shares of the real estate investment trust's stock after buying an additional 195,364 shares during the period. BNP Paribas Financial Markets owned 0.36% of Alexandria Real Estate Equities worth $61,533,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ARE. Norges Bank bought a new stake in shares of Alexandria Real Estate Equities during the 4th quarter worth $1,605,426,000. JPMorgan Chase & Co. increased 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 raised its holdings 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 buying an additional 96,771 shares during the period. Capital World Investors acquired a new stake in shares of Alexandria Real Estate Equities in the fourth quarter worth $326,959,000. Finally, Northern Trust Corp increased its stake in Alexandria Real Estate Equities by 67.9% in the 4th 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 period. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE traded up $0.52 during trading on Friday, reaching $74.21. The stock had a trading volume of 1,349,923 shares, compared to its average volume of 1,231,475. The stock has a market capitalization of $12.84 billion, a PE ratio of 41.23, a P/E/G ratio of 3.93 and a beta of 1.27. Alexandria Real Estate Equities, Inc. has a 52 week low of $70.57 and a 52 week high of $130.14. The business's 50-day moving average price is $85.34 and its 200 day moving average price is $96.50. 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 (NYSE:ARE - Get Free Report) last announced its earnings results 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. 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 company's revenue was down 1.4% on a year-over-year basis. As a group, equities 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 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 annualized dividend and a dividend yield of 7.11%. The ex-dividend date was Monday, March 31st. Alexandria Real Estate Equities's payout ratio is 694.74%.

Analyst Upgrades and Downgrades

ARE has been the topic of a number of research reports. 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. JMP Securities reissued a "market outperform" rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. Wedbush reiterated a "neutral" rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. 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 on the stock. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.