ProShare Advisors LLC Boosts Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

ProShare Advisors LLC grew its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 53.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,925 shares of the real estate investment trust's stock after acquiring an additional 15,012 shares during the quarter. ProShare Advisors LLC's holdings in Alexandria Real Estate Equities were worth $4,187,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in Alexandria Real Estate Equities by 57.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock worth $29,000 after buying an additional 109 shares in the last quarter. Colonial Trust Co SC increased its holdings in Alexandria Real Estate Equities by 514.3% in the 4th quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust's stock worth $29,000 after buying an additional 252 shares in the last quarter. Cary Street Partners Financial LLC bought a new stake in Alexandria Real Estate Equities in the 4th quarter worth about $50,000. Spire Wealth Management grew its stake in shares of Alexandria Real Estate Equities by 72.5% during the 4th quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock valued at $58,000 after purchasing an additional 250 shares during the period. Finally, Sherman Asset Management Inc. bought a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at about $75,000. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE:ARE traded up $0.01 during mid-day trading on Thursday, reaching $68.58. 1,617,124 shares of the company traded hands, compared to its average volume of 1,278,150. The company's 50 day moving average price is $80.86 and its 200-day moving average price is $94.37. The firm has a market cap of $11.86 billion, a PE ratio of 38.10, a PEG ratio of 3.93 and a beta of 1.27. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. Alexandria Real Estate Equities, Inc. has a 52 week low of $67.52 and a 52 week high of $130.14.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.28 by $0.02. The company had revenue of $758.16 million during the quarter, compared to the consensus estimate of $755.64 million. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. The firm's revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.35 EPS. On average, equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $1.32 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a yield of 7.70%. Alexandria Real Estate Equities's dividend payout ratio is presently 694.74%.

Wall Street Analysts Forecast Growth

ARE has been the subject of a number of recent research reports. JMP Securities restated a "market outperform" rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. Wedbush restated a "neutral" rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. JPMorgan Chase & Co. cut their price target on Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating for the company in a research note on Tuesday. Jefferies Financial Group initiated coverage on Alexandria Real Estate Equities in a research note on Monday, March 17th. They set a "hold" rating and a $100.00 price target for the company. Finally, Wall Street Zen upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target 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.