B&I Capital AG Takes Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

B&I Capital AG purchased a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 36,525 shares of the real estate investment trust's stock, valued at approximately $3,379,000. Alexandria Real Estate Equities makes up 1.1% of B&I Capital AG's holdings, making the stock its 27th biggest position.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in Alexandria Real Estate Equities in the 4th quarter worth about $1,605,426,000. JPMorgan Chase & Co. boosted its stake in Alexandria Real Estate Equities by 212.9% in the 4th quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust's stock worth $806,337,000 after buying an additional 5,624,163 shares during the last quarter. Geode Capital Management LLC boosted its stake in Alexandria Real Estate Equities by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 4,135,591 shares of the real estate investment trust's stock worth $402,450,000 after buying an additional 96,771 shares during the last quarter. Capital World Investors acquired a new stake in Alexandria Real Estate Equities in the 4th quarter worth about $326,959,000. Finally, Northern Trust Corp boosted its stake in Alexandria Real Estate Equities by 67.9% in the 4th quarter. Northern Trust Corp now owns 2,565,406 shares of the real estate investment trust's stock worth $250,255,000 after buying an additional 1,037,413 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Up 2.1%

ARE stock traded up $1.66 during mid-day trading on Tuesday, hitting $79.93. The stock had a trading volume of 610,821 shares, compared to its average volume of 1,405,400. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.60. Alexandria Real Estate Equities, Inc. has a 1-year low of $67.37 and a 1-year high of $126.37. The company has a fifty day moving average of $73.19 and a 200 day moving average of $84.88. The stock has a market capitalization of $13.83 billion, a price-to-earnings ratio of 105.32, a PEG ratio of 6.59 and a beta of 1.25.

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, topping the consensus estimate of $2.29 by $0.04. The company had revenue of $737.28 million during the quarter, compared to the consensus estimate of $748.02 million. Alexandria Real Estate Equities had a return on equity of 0.64% and a net margin of 4.62%. The firm's revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.36 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid 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 6.61%. Alexandria Real Estate Equities's payout ratio is 694.74%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Mizuho reduced their price objective on Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. JMP Securities reissued a "market outperform" rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. BNP Paribas Exane reduced their price target on Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Citigroup reduced their price target on Alexandria Real Estate Equities from $110.00 to $74.00 in a research report on Monday, June 2nd. Finally, Wall Street Zen raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. Eleven research 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 an average rating of "Hold" and a consensus target price of $99.54.

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.

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