Centiva Capital LP Buys New Shares in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Centiva Capital LP purchased a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 24,479 shares of the real estate investment trust's stock, valued at approximately $2,388,000.

Several other institutional investors have also added to or reduced their stakes in the business. Virtu Financial LLC purchased a new stake in Alexandria Real Estate Equities during the 3rd quarter valued at about $276,000. Wilmington Savings Fund Society FSB bought a new position in shares of Alexandria Real Estate Equities in the third quarter worth approximately $43,000. Fulton Bank N.A. increased its stake in shares of Alexandria Real Estate Equities by 77.7% in the fourth quarter. Fulton Bank N.A. now owns 16,165 shares of the real estate investment trust's stock worth $1,577,000 after buying an additional 7,070 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Alexandria Real Estate Equities by 16.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,284 shares of the real estate investment trust's stock valued at $515,000 after buying an additional 734 shares during the last quarter. Finally, Czech National Bank boosted its position in Alexandria Real Estate Equities by 6.3% during the 4th quarter. Czech National Bank now owns 33,724 shares of the real estate investment trust's stock valued at $3,290,000 after buying an additional 2,010 shares during the period. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $71.61 on Wednesday. The company has a market capitalization of $12.39 billion, a price-to-earnings ratio of 39.78, a price-to-earnings-growth ratio of 3.93 and a beta of 1.27. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. Alexandria Real Estate Equities, Inc. has a one year low of $70.57 and a one year high of $130.14. The company's 50-day moving average is $87.04 and its 200 day moving average is $97.46.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly 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 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 quarter last year, the firm earned $2.35 earnings per share. The firm's quarterly revenue was down 1.4% compared to the same quarter last year. Sell-side analysts expect 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. Investors of record on Monday, March 31st were issued a $1.32 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $5.28 annualized dividend and a yield of 7.37%. Alexandria Real Estate Equities's payout ratio is 694.74%.

Analyst Upgrades and Downgrades

ARE has been the topic of a number of research analyst reports. Jefferies Financial Group initiated coverage on Alexandria Real Estate Equities in a report on Monday, March 17th. They set a "hold" rating and a $100.00 price target on the stock. JMP Securities restated a "market outperform" rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Wedbush reiterated a "neutral" rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, StockNews.com upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Alexandria Real Estate Equities 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.

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