Wealthfront Advisers LLC Boosts Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Wealthfront Advisers LLC grew its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 399.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,637 shares of the real estate investment trust's stock after purchasing an additional 33,294 shares during the quarter. Wealthfront Advisers LLC's holdings in Alexandria Real Estate Equities were worth $3,852,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in Alexandria Real Estate Equities by 57.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 109 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at $29,000. Colonial Trust Co SC increased its holdings in Alexandria Real Estate Equities by 514.3% during the 4th quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 252 shares during the period. Tsfg LLC acquired a new stake in shares of Alexandria Real Estate Equities in the 1st quarter valued at about $30,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Alexandria Real Estate Equities in the 1st quarter valued at approximately $34,000. 96.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ARE shares. JMP Securities reaffirmed 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. Wedbush reduced their target price on shares of Alexandria Real Estate Equities from $104.00 to $76.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price target on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, May 20th. Baird R W cut their target price on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Alexandria Real Estate Equities has an average rating of "Hold" and an average target price of $99.54.

Alexandria Real Estate Equities Stock Up 1.0%

ARE stock opened at $78.94 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $13.66 billion, a P/E ratio of 103.88, a P/E/G ratio of 6.59 and a beta of 1.25. The firm has a 50-day simple moving average of $73.11 and a 200-day simple moving average of $85.18. Alexandria Real Estate Equities, Inc. has a 52 week low of $67.37 and a 52 week high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $2.30 EPS for the quarter, topping analysts' consensus estimates of $2.28 by $0.02. Alexandria Real Estate Equities had a net margin of 4.62% and a return on equity of 0.64%. The business had revenue of $758.16 million during the quarter, compared to the consensus estimate of $755.64 million. During the same period in the previous year, the firm posted $2.35 earnings per share. The company's quarterly revenue was down 1.4% compared to the same quarter last year. Equities analysts forecast 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date was Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio is currently 694.74%.

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.

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.