Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC raised its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 9,051.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 169,478 shares of the real estate investment trust's stock after purchasing an additional 167,626 shares during the quarter. GAMMA Investing LLC owned about 0.10% of Alexandria Real Estate Equities worth $15,678,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in Alexandria Real Estate Equities in the 4th quarter valued at about $1,605,426,000. JPMorgan Chase & Co. boosted its holdings 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 valued at $806,337,000 after purchasing an additional 5,624,163 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Alexandria Real Estate Equities by 2.4% in the 4th 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 purchasing an additional 96,771 shares during the last quarter. Capital World Investors acquired a new position in Alexandria Real Estate Equities in the 4th quarter valued at about $326,959,000. Finally, Northern Trust Corp lifted its holdings 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 acquiring an additional 1,037,413 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Price Performance

Alexandria Real Estate Equities stock opened at $70.57 on Friday. Alexandria Real Estate Equities, Inc. has a 52-week low of $67.37 and a 52-week high of $130.14. The company's 50 day moving average is $74.52 and its two-hundred day moving average is $91.03. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The firm has a market cap of $12.21 billion, a PE ratio of 39.21, a price-to-earnings-growth ratio of 3.93 and a beta of 1.27.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $2.30 EPS for the quarter, beating analysts' consensus estimates of $2.28 by $0.02. The company 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 10.36% and a return on equity of 1.43%. The company's quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.35 EPS. On average, research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 7.48%. The ex-dividend date is Monday, June 30th. Alexandria Real Estate Equities's payout ratio is currently 694.74%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented 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. Wall Street Zen upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Jefferies Financial Group assumed coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a "hold" rating and a $100.00 price objective on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, May 20th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of "Hold" and an average target price of $116.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.