Wellington Management Group LLP Has $3.58 Million Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Wellington Management Group LLP boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 33.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,713 shares of the real estate investment trust's stock after buying an additional 9,295 shares during the period. Wellington Management Group LLP's holdings in Alexandria Real Estate Equities were worth $3,581,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Alexandria Real Estate Equities by 146.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,236 shares of the real estate investment trust's stock valued at $1,096,000 after acquiring an additional 6,686 shares during the last quarter. Copley Financial Group Inc. increased its holdings in Alexandria Real Estate Equities by 21.3% in the fourth quarter. Copley Financial Group Inc. now owns 4,293 shares of the real estate investment trust's stock valued at $419,000 after purchasing an additional 753 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Alexandria Real Estate Equities during the 4th quarter worth about $8,608,000. Jefferies Financial Group Inc. lifted its holdings in Alexandria Real Estate Equities by 4.5% during the 4th quarter. Jefferies Financial Group Inc. now owns 5,380 shares of the real estate investment trust's stock worth $525,000 after buying an additional 234 shares during the period. Finally, Toronto Dominion Bank grew its position in shares of Alexandria Real Estate Equities by 8.0% in the 4th quarter. Toronto Dominion Bank now owns 83,423 shares of the real estate investment trust's stock valued at $8,138,000 after buying an additional 6,166 shares during the last quarter. 96.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. JMP Securities restated a "market outperform" rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research report 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 for the company in a report on Tuesday, May 20th. 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, Jefferies Financial Group started coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a "hold" rating and a $100.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $116.00.

Alexandria Real Estate Equities Stock Up 1.5%

Shares of ARE stock traded up $1.02 on Friday, reaching $70.57. 1,144,621 shares of the company were exchanged, compared to its average volume of 1,303,170. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The company has a 50-day moving average of $74.93 and a 200-day moving average of $91.27. The company has a market cap of $12.21 billion, a price-to-earnings ratio of 39.21, a PEG ratio of 3.93 and a beta of 1.27. Alexandria Real Estate Equities, Inc. has a one year low of $67.37 and a one year high of $130.14.

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 the consensus estimate of $2.28 by $0.02. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. The business had revenue of $758.16 million for the quarter, compared to analyst estimates of $755.64 million. During the same quarter in the prior year, the company earned $2.35 earnings per share. The company's quarterly revenue was down 1.4% on a year-over-year basis. Analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $1.32 per share. 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.