Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 938,836 shares of the real estate investment trust's stock after purchasing an additional 35,295 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.54% of Alexandria Real Estate Equities worth $86,852,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Bank of America Corp DE grew its position in shares of Alexandria Real Estate Equities by 218.1% in the fourth quarter. Bank of America Corp DE now owns 1,164,554 shares of the real estate investment trust's stock valued at $113,602,000 after purchasing an additional 798,438 shares during the period. ProShare Advisors LLC boosted its position in Alexandria Real Estate Equities by 53.8% during the fourth quarter. ProShare Advisors LLC now owns 42,925 shares of the real estate investment trust's stock worth $4,187,000 after acquiring an additional 15,012 shares during the last quarter. Magnetar Financial LLC acquired a new position in Alexandria Real Estate Equities during the fourth quarter worth about $968,000. Cetera Investment Advisers boosted its position in Alexandria Real Estate Equities by 35.0% during the fourth quarter. Cetera Investment Advisers now owns 25,980 shares of the real estate investment trust's stock worth $2,534,000 after acquiring an additional 6,741 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Alexandria Real Estate Equities by 33.9% during the fourth quarter. Wellington Management Group LLP now owns 36,713 shares of the real estate investment trust's stock worth $3,581,000 after acquiring an additional 9,295 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ARE shares. Jefferies Financial Group started coverage on shares of Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a "hold" rating and a $100.00 price target on the stock. Wall Street Zen upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. JMP Securities restated a "market outperform" rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 20th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $116.00.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE opened at $73.29 on Monday. The company's 50-day moving average is $72.40 and its two-hundred day moving average is $87.18. The firm has a market capitalization of $12.68 billion, a price-to-earnings ratio of 96.43, a PEG ratio of 6.18 and a beta of 1.25. Alexandria Real Estate Equities, Inc. has a 1-year low of $67.37 and a 1-year high of $130.14. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.22 and a quick ratio of 0.22.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.28 by $0.02. The business had revenue of $758.16 million for the quarter, compared to the consensus estimate of $755.64 million. Alexandria Real Estate Equities had a net margin of 4.62% and a return on equity of 0.64%. The business's revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.35 EPS. Analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 7.20%. The ex-dividend date is Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is 694.74%.

Alexandria Real Estate Equities Company 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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