Wealth Enhancement Advisory Services LLC Acquires 6,686 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Wealth Enhancement Advisory Services LLC raised its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 146.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,236 shares of the real estate investment trust's stock after buying an additional 6,686 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Alexandria Real Estate Equities were worth $1,096,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE grew its holdings in shares of Alexandria Real Estate Equities by 218.1% in the fourth quarter. Bank of America Corp DE now owns 1,164,554 shares of the real estate investment trust's stock worth $113,602,000 after purchasing an additional 798,438 shares during the last quarter. ProShare Advisors LLC boosted its position in Alexandria Real Estate Equities by 53.8% during the 4th quarter. ProShare Advisors LLC now owns 42,925 shares of the real estate investment trust's stock valued at $4,187,000 after buying an additional 15,012 shares during the period. Magnetar Financial LLC bought a new stake in Alexandria Real Estate Equities in the 4th quarter worth $968,000. Cetera Investment Advisers increased its position in shares of Alexandria Real Estate Equities by 35.0% in the fourth quarter. Cetera Investment Advisers now owns 25,980 shares of the real estate investment trust's stock valued at $2,534,000 after acquiring an additional 6,741 shares during the period. Finally, Hahn Capital Management LLC raised its stake in shares of Alexandria Real Estate Equities by 50.4% during the fourth quarter. Hahn Capital Management LLC now owns 68,370 shares of the real estate investment trust's stock valued at $6,669,000 after acquiring an additional 22,926 shares during the last quarter. Institutional investors own 96.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ARE. JMP Securities restated a "market outperform" rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. JPMorgan Chase & Co. reduced their target price on Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 20th. Wall Street Zen raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a research report on Monday, March 17th. They issued a "hold" rating and a $100.00 target price for the company. Ten 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, Alexandria Real Estate Equities currently has an average rating of "Hold" and an average price target of $116.00.

Alexandria Real Estate Equities Stock Up 1.5%

ARE stock opened at $70.57 on Monday. The business has a 50 day moving average of $74.52 and a 200 day moving average of $90.84. The firm has a market cap of $12.21 billion, a PE ratio of 39.21, a price-to-earnings-growth ratio of 3.93 and a beta of 1.25. Alexandria Real Estate Equities, Inc. has a twelve month low of $67.37 and a twelve month high of $130.14. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.28 by $0.02. The company 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 10.36% and a return on equity of 1.43%. Alexandria Real Estate Equities's revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.35 EPS. On average, research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 7.48%. The ex-dividend date of this dividend is Monday, June 30th. 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.

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.