Worldquant Millennium Advisors LLC Purchases 89,197 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Worldquant Millennium Advisors LLC raised its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 52.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 259,505 shares of the real estate investment trust's stock after purchasing an additional 89,197 shares during the quarter. Worldquant Millennium Advisors LLC owned 0.15% of Alexandria Real Estate Equities worth $25,315,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Park Avenue Securities LLC raised its stake in Alexandria Real Estate Equities by 65.7% during the fourth quarter. Park Avenue Securities LLC now owns 5,806 shares of the real estate investment trust's stock worth $566,000 after acquiring an additional 2,302 shares in the last quarter. Merit Financial Group LLC acquired a new position in Alexandria Real Estate Equities in the fourth quarter valued at about $228,000. Arkadios Wealth Advisors grew its stake in Alexandria Real Estate Equities by 6.1% during the fourth quarter. Arkadios Wealth Advisors now owns 4,449 shares of the real estate investment trust's stock worth $434,000 after buying an additional 256 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Alexandria Real Estate Equities by 17.4% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 554,863 shares of the real estate investment trust's stock worth $54,127,000 after buying an additional 82,223 shares in the last quarter. Finally, Park Place Capital Corp raised its stake in shares of Alexandria Real Estate Equities by 42.0% in the fourth quarter. Park Place Capital Corp now owns 2,319 shares of the real estate investment trust's stock valued at $226,000 after acquiring an additional 686 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Trading Down 1.1%

Shares of ARE traded down $0.73 during trading hours on Monday, hitting $67.88. 1,310,431 shares of the stock traded hands, compared to its average volume of 1,283,771. The business has a fifty day moving average of $79.63 and a 200-day moving average of $93.47. The firm has a market capitalization of $11.74 billion, a PE ratio of 37.71, a price-to-earnings-growth ratio of 3.93 and a beta of 1.27. Alexandria Real Estate Equities, Inc. has a 1-year low of $67.37 and a 1-year high of $130.14. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share (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 for the quarter, compared to the consensus estimate of $755.64 million. During the same period in the prior year, the company posted $2.35 EPS. The company's revenue was down 1.4% compared to the same quarter last year. Analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 7.78%. The ex-dividend date was Monday, March 31st. Alexandria Real Estate Equities's payout ratio is 694.74%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ARE shares. Wall Street Zen upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. Jefferies Financial Group started coverage on Alexandria Real Estate Equities in a report on Monday, March 17th. They set a "hold" rating and a $100.00 target price on the stock. JMP Securities restated a "market outperform" rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. Wedbush reiterated a "neutral" rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. decreased their price objective 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. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus 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.