IFM Investors Pty Ltd Boosts Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

IFM Investors Pty Ltd lifted its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 5.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,357 shares of the real estate investment trust's stock after purchasing an additional 3,771 shares during the period. IFM Investors Pty Ltd's holdings in Alexandria Real Estate Equities were worth $6,786,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Norges Bank purchased a new stake in Alexandria Real Estate Equities during the 4th quarter valued at about $1,605,426,000. JPMorgan Chase & Co. grew its stake in 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 acquiring an additional 5,624,163 shares in the last quarter. Capital World Investors purchased a new stake in Alexandria Real Estate Equities during the 4th quarter valued at about $326,959,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Alexandria Real Estate Equities by 1,038.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,610,074 shares of the real estate investment trust's stock valued at $157,063,000 after acquiring an additional 1,468,644 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Alexandria Real Estate Equities by 67.9% during 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 acquiring an additional 1,037,413 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Up 2.7%

Shares of NYSE:ARE traded up $2.04 during trading hours on Tuesday, reaching $77.08. The stock had a trading volume of 1,864,408 shares, compared to its average volume of 1,387,363. Alexandria Real Estate Equities, Inc. has a 1 year low of $67.37 and a 1 year high of $130.14. The firm's 50 day moving average is $72.26 and its 200-day moving average is $86.15. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.22 and a current ratio of 0.22. The stock has a market capitalization of $13.33 billion, a price-to-earnings ratio of 101.42, a P/E/G ratio of 6.33 and a beta of 1.25.

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. Alexandria Real Estate Equities had a net margin of 4.62% and a return on equity of 0.64%. The company had revenue of $758.16 million for the quarter, compared to the consensus estimate of $755.64 million. During the same period in the prior year, the firm posted $2.35 EPS. The company's quarterly revenue was down 1.4% compared to the same quarter last year. Research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.85%. The ex-dividend date of this dividend is Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is 694.74%.

Analyst Ratings Changes

Several brokerages recently issued reports on ARE. JPMorgan Chase & Co. dropped their price objective on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating for the company in a research note on Tuesday, May 20th. Mizuho decreased their target price on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. BNP Paribas Exane decreased their target price on shares of Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Jefferies Financial Group decreased their price objective on shares of Alexandria Real Estate Equities from $100.00 to $82.00 in a report on Friday, April 11th. Finally, 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. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $99.54.

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.