Woodline Partners LP Acquires Shares of 9,301 Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Woodline Partners LP acquired a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,301 shares of the real estate investment trust's stock, valued at approximately $907,000.

Other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in Alexandria Real Estate Equities by 57.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock worth $29,000 after buying an additional 109 shares in the last quarter. Callan Capital LLC grew its stake in Alexandria Real Estate Equities by 1.3% in the 4th quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust's stock worth $873,000 after buying an additional 111 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in Alexandria Real Estate Equities by 6.0% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,119 shares of the real estate investment trust's stock worth $207,000 after buying an additional 120 shares in the last quarter. Wedbush Securities Inc. grew its stake in Alexandria Real Estate Equities by 5.8% in the 4th quarter. Wedbush Securities Inc. now owns 2,300 shares of the real estate investment trust's stock worth $224,000 after buying an additional 126 shares in the last quarter. Finally, M&T Bank Corp grew its stake in Alexandria Real Estate Equities by 0.7% in the 4th quarter. M&T Bank Corp now owns 19,478 shares of the real estate investment trust's stock worth $1,901,000 after buying an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Trading Down 1.6%

NYSE:ARE traded down $1.14 during midday trading on Friday, reaching $70.11. 2,295,549 shares of the stock traded hands, compared to its average volume of 1,295,735. The company has a fifty day moving average of $76.93 and a 200 day moving average of $92.17. Alexandria Real Estate Equities, Inc. has a 12 month low of $67.37 and a 12 month high of $130.14. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. The stock has a market capitalization of $12.13 billion, a P/E ratio of 38.95, a PEG ratio of 3.93 and a beta of 1.27.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly 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. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. The company had revenue of $758.16 million during the quarter, compared to analyst estimates of $755.64 million. During the same period in the prior year, the business posted $2.35 EPS. The firm's revenue was down 1.4% compared to the same quarter last year. On average, research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $1.32 per share. The ex-dividend date was Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a yield of 7.53%. Alexandria Real Estate Equities's dividend payout ratio is currently 694.74%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ARE shares. JMP Securities reissued 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. cut 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. Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a "hold" rating and a $100.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $116.00.

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.