12,018 Shares in Alexandria Real Estate Equities, Inc. (NYSE:ARE) Acquired by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC acquired a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,018 shares of the real estate investment trust's stock, valued at approximately $1,112,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank bought a new stake in Alexandria Real Estate Equities during the 4th quarter worth $1,605,426,000. JPMorgan Chase & Co. grew its holdings in shares of 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 valued at $806,337,000 after purchasing an additional 5,624,163 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Alexandria Real Estate Equities by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 4,135,591 shares of the real estate investment trust's stock valued at $402,450,000 after acquiring an additional 96,771 shares in the last quarter. Capital World Investors bought a new stake in shares of Alexandria Real Estate Equities during the fourth quarter valued at approximately $326,959,000. Finally, Northern Trust Corp increased its stake in shares of 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 worth $250,255,000 after purchasing an additional 1,037,413 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Price Performance

Alexandria Real Estate Equities stock traded down $0.80 during mid-day trading on Thursday, hitting $72.39. The stock had a trading volume of 285,571 shares, compared to its average volume of 1,309,471. The firm's 50 day moving average is $73.69 and its 200 day moving average is $90.34. Alexandria Real Estate Equities, Inc. has a one year low of $67.37 and a one year high of $130.14. The firm has a market capitalization of $12.52 billion, a P/E ratio of 40.22, a P/E/G ratio of 3.93 and a beta of 1.25. 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 posted its earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share (EPS) 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 company had revenue of $758.16 million for the quarter, compared to analyst estimates of $755.64 million. During the same quarter in the previous 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. On average, sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $1.32 per share. The ex-dividend date is Monday, June 30th. This represents a $5.28 dividend on an annualized basis and a yield of 7.29%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 694.74%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ARE shares. Wall Street Zen raised 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 set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. Jefferies Financial Group started coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They set a "hold" rating and a $100.00 target price on the stock. Finally, JPMorgan Chase & Co. reduced their price target on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday, May 20th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $116.00.

About Alexandria Real Estate Equities

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.