Gateway Investment Advisers LLC Buys New Shares in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Gateway Investment Advisers LLC bought a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 95,628 shares of the real estate investment trust's stock, valued at approximately $8,847,000. Gateway Investment Advisers LLC owned approximately 0.06% of Alexandria Real Estate Equities as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Spire Wealth Management boosted its position 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 worth $58,000 after purchasing an additional 250 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Alexandria Real Estate Equities by 9.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,297 shares of the real estate investment trust's stock worth $2,973,000 after buying an additional 2,568 shares during the period. Consolidated Portfolio Review Corp boosted its holdings in Alexandria Real Estate Equities by 18.7% in the fourth quarter. Consolidated Portfolio Review Corp now owns 4,290 shares of the real estate investment trust's stock worth $419,000 after acquiring an additional 677 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Alexandria Real Estate Equities by 5.0% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,541 shares of the real estate investment trust's stock worth $88,140,000 after acquiring an additional 42,825 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Alexandria Real Estate Equities by 4.0% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,006 shares of the real estate investment trust's stock valued at $5,073,000 after acquiring an additional 2,006 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ARE shares. Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a "hold" rating and a $100.00 target price on the stock. JMP Securities restated a "market outperform" rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Wall Street Zen raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday, May 20th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $116.00.

Alexandria Real Estate Equities Stock Up 1.5%

ARE opened at $70.57 on Friday. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $67.37 and a fifty-two week high of $130.14. The firm has a market capitalization of $12.21 billion, a P/E ratio of 39.21, a PEG ratio of 3.93 and a beta of 1.25. The company's 50-day moving average is $74.52 and its 200 day moving average is $90.94. 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 (NYSE:ARE - Get Free Report) last posted its earnings results on Monday, April 28th. The real estate investment trust reported $2.30 EPS for the quarter, topping the consensus estimate of $2.28 by $0.02. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. The firm had revenue of $758.16 million for the quarter, compared to analysts' expectations of $755.64 million. During the same quarter last year, the firm earned $2.35 EPS. The company's quarterly revenue was down 1.4% compared to the same quarter last year. Research analysts expect 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 disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $1.32 dividend. The ex-dividend date is Monday, June 30th. This represents a $5.28 dividend on an annualized basis and a yield of 7.48%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 694.74%.

Alexandria Real Estate Equities Company 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.

Want to see what other hedge funds are holding ARE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.