Impax Asset Management Group plc Boosts Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Impax Asset Management Group plc grew its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 23.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,093 shares of the real estate investment trust's stock after purchasing an additional 4,138 shares during the quarter. Impax Asset Management Group plc's holdings in Alexandria Real Estate Equities were worth $2,044,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ARE. Proficio Capital Partners LLC purchased a new position in shares of Alexandria Real Estate Equities in the fourth quarter valued at approximately $29,000. Jones Financial Companies Lllp lifted its stake in Alexandria Real Estate Equities by 192.9% in the fourth quarter. Jones Financial Companies Lllp now owns 1,119 shares of the real estate investment trust's stock worth $109,000 after acquiring an additional 737 shares during the last quarter. Assetmark Inc. lifted its stake in Alexandria Real Estate Equities by 11.2% in the fourth quarter. Assetmark Inc. now owns 41,915 shares of the real estate investment trust's stock worth $4,089,000 after acquiring an additional 4,224 shares during the last quarter. M&T Bank Corp lifted its stake in Alexandria Real Estate Equities by 0.7% in the fourth quarter. M&T Bank Corp now owns 19,478 shares of the real estate investment trust's stock worth $1,901,000 after acquiring an additional 127 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in Alexandria Real Estate Equities by 1.4% in the fourth quarter. Arizona State Retirement System now owns 45,727 shares of the real estate investment trust's stock worth $4,461,000 after acquiring an additional 634 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on ARE shares. JMP Securities reiterated a "market outperform" rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. JPMorgan Chase & Co. decreased their price target on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating for the company in a research note on Tuesday, May 20th. Baird R W decreased their price target on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. 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 for the company in a research note on Tuesday, April 29th. Finally, Mizuho decreased their price target on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $99.54.

Alexandria Real Estate Equities Stock Performance

Shares of Alexandria Real Estate Equities stock traded up $2.04 during trading on Tuesday, reaching $77.08. The company's stock had a trading volume of 1,864,408 shares, compared to its average volume of 1,387,363. The company has a 50-day moving average price of $72.26 and a two-hundred day moving average price of $86.15. The firm has a market cap of $13.33 billion, a PE ratio of 101.42, a P/E/G ratio of 6.33 and a beta of 1.25. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $67.37 and a fifty-two week high of $130.14. 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 (NYSE:ARE - Get Free Report) last announced 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 business had revenue of $758.16 million for the quarter, compared to analysts' expectations of $755.64 million. Alexandria Real Estate Equities had a net margin of 4.62% and a return on equity of 0.64%. The company's quarterly 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, analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $1.32 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.85%. Alexandria Real Estate Equities's payout ratio is 694.74%.

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.