Allianz Asset Management GmbH Has $17.52 Million Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Allianz Asset Management GmbH raised its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 91.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 189,366 shares of the real estate investment trust's stock after acquiring an additional 90,624 shares during the period. Allianz Asset Management GmbH owned about 0.11% of Alexandria Real Estate Equities worth $17,518,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ARE. Wealth Alliance LLC increased its position in shares of Alexandria Real Estate Equities by 195.1% during the 1st quarter. Wealth Alliance LLC now owns 7,767 shares of the real estate investment trust's stock worth $719,000 after purchasing an additional 5,135 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Alexandria Real Estate Equities by 4.6% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 12,003 shares of the real estate investment trust's stock worth $1,110,000 after buying an additional 525 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in shares of Alexandria Real Estate Equities by 25.3% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 34,754 shares of the real estate investment trust's stock valued at $3,216,000 after acquiring an additional 7,013 shares during the last quarter. Dynasty Wealth Management LLC acquired a new position in shares of Alexandria Real Estate Equities in the 1st quarter worth approximately $442,000. Finally, Verdence Capital Advisors LLC grew its position in Alexandria Real Estate Equities by 95.6% during the 1st quarter. Verdence Capital Advisors LLC now owns 8,916 shares of the real estate investment trust's stock worth $825,000 after acquiring an additional 4,358 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ARE has been the topic of several research analyst reports. Jefferies Financial Group decreased their target price on Alexandria Real Estate Equities from $100.00 to $82.00 in a report on Friday, April 11th. Evercore ISI decreased their price objective on shares of Alexandria Real Estate Equities from $103.00 to $91.00 in a report on Wednesday, April 30th. BNP Paribas Exane decreased their price target on shares of Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Mizuho dropped their price objective on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a research report on Thursday, June 12th. Finally, Royal Bank Of Canada lowered their target price on Alexandria Real Estate Equities from $114.00 to $100.00 in a research note on Monday, May 12th. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Alexandria Real Estate Equities has an average rating of "Hold" and a consensus target price of $99.54.

Alexandria Real Estate Equities Trading Up 0.3%

ARE stock traded up $0.28 during midday trading on Friday, hitting $82.33. 1,805,266 shares of the company's stock were exchanged, compared to its average volume of 1,636,200. Alexandria Real Estate Equities, Inc. has a one year low of $67.37 and a one year high of $125.63. The stock's fifty day moving average price is $74.09 and its 200-day moving average price is $84.48. The company has a market cap of $14.24 billion, a PE ratio of -633.27, a price-to-earnings-growth ratio of 6.92 and a beta of 1.25. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.22 and a current ratio of 0.23.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.04. The firm had revenue of $737.28 million for the quarter, compared to the consensus estimate of $748.02 million. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%. The company's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the business posted $2.36 EPS. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $1.32 per share. The ex-dividend date was Monday, June 30th. This represents a $5.28 annualized dividend and a yield of 6.41%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently -4,061.54%.

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.