Tredje AP fonden grew its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 16.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 138,509 shares of the real estate investment trust's stock after purchasing an additional 20,000 shares during the quarter. Tredje AP fonden owned approximately 0.08% of Alexandria Real Estate Equities worth $12,813,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Coldstream Capital Management Inc. raised its holdings in shares of Alexandria Real Estate Equities by 6.0% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,119 shares of the real estate investment trust's stock valued at $207,000 after acquiring an additional 120 shares in the last quarter. Wedbush Securities Inc. raised its holdings in shares of Alexandria Real Estate Equities by 5.8% during the fourth quarter. Wedbush Securities Inc. now owns 2,300 shares of the real estate investment trust's stock valued at $224,000 after acquiring an additional 126 shares in the last quarter. Private Trust Co. NA raised its holdings in Alexandria Real Estate Equities by 19.2% in the first quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust's stock worth $86,000 after purchasing an additional 149 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Alexandria Real Estate Equities by 16.4% in the first quarter. Farther Finance Advisors LLC now owns 1,084 shares of the real estate investment trust's stock worth $99,000 after purchasing an additional 153 shares in the last quarter. Finally, Investor s Fiduciary Advisor Network LLC raised its holdings in Alexandria Real Estate Equities by 3.8% in the first quarter. Investor s Fiduciary Advisor Network LLC now owns 4,941 shares of the real estate investment trust's stock worth $457,000 after purchasing an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.
Alexandria Real Estate Equities Stock Performance
Shares of Alexandria Real Estate Equities stock traded down $0.42 during trading on Friday, hitting $76.01. 1,745,347 shares of the company's stock traded hands, compared to its average volume of 1,622,395. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.23. Alexandria Real Estate Equities, Inc. has a 1 year low of $67.37 and a 1 year high of $125.63. The stock has a market capitalization of $13.15 billion, a P/E ratio of -584.69, a PEG ratio of 6.44 and a beta of 1.24. The business has a 50-day simple moving average of $74.85 and a 200-day simple moving average of $83.82.
Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 EPS for the quarter, beating the consensus estimate of $2.29 by $0.04. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%. The company had revenue of $737.28 million for the quarter, compared to analysts' expectations of $748.02 million. During the same period last year, the firm posted $2.36 earnings per share. Alexandria Real Estate Equities's revenue was down .6% compared to the same quarter last year. As a group, analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.
Alexandria Real Estate Equities Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $1.32 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $5.28 annualized dividend and a dividend yield of 6.9%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is -4,061.54%.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. Baird R W decreased their price objective on Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. Citigroup decreased their price objective on Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. BNP Paribas Exane decreased their price objective on Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Jefferies Financial Group decreased their price objective on Alexandria Real Estate Equities from $100.00 to $82.00 in a report on Friday, April 11th. Finally, Wall Street Zen upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $97.17.
View Our Latest Stock Report on ARE
Alexandria Real Estate Equities Profile
(
Free Report)
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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