ProShare Advisors LLC Purchases 15,012 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

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

A number of other institutional investors have also recently made changes to their positions in the company. Quantinno Capital Management LP raised its holdings in shares of Alexandria Real Estate Equities by 265.6% in the 4th quarter. Quantinno Capital Management LP now owns 87,481 shares of the real estate investment trust's stock valued at $8,534,000 after acquiring an additional 63,554 shares in the last quarter. Mufg Securities Americas Inc. purchased a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at about $224,000. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Alexandria Real Estate Equities by 1.4% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 41,320 shares of the real estate investment trust's stock valued at $4,064,000 after acquiring an additional 561 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at about $2,262,000. Finally, NorthRock Partners LLC purchased a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at about $339,000. Hedge funds and other institutional investors own 96.54% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wedbush reaffirmed a "neutral" rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price target on 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. Wall Street Zen raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. JMP Securities reiterated a "market outperform" rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. Finally, Jefferies Financial Group started coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a "hold" rating and a $100.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Alexandria Real Estate Equities presently has a consensus rating of "Hold" and an average target price of $116.00.

Alexandria Real Estate Equities Stock Down 1.1%

Shares of ARE traded down $0.73 on Friday, reaching $67.88. The stock had a trading volume of 1,310,431 shares, compared to its average volume of 1,283,771. The firm has a market capitalization of $11.74 billion, a price-to-earnings ratio of 37.71, a price-to-earnings-growth ratio of 3.93 and a beta of 1.27. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. The company has a 50-day simple moving average of $79.63 and a 200-day simple moving average of $93.47. Alexandria Real Estate Equities, Inc. has a 12-month low of $67.37 and a 12-month high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its earnings results 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 during the quarter, compared to analysts' expectations 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 for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.35 EPS. Sell-side analysts predict 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 disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 7.78%. The ex-dividend date was Monday, March 31st. Alexandria Real Estate Equities's payout ratio is 694.74%.

About Alexandria Real Estate Equities

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.