First Trust Advisors LP Purchases 8,735 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

First Trust Advisors LP grew its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 10.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 91,874 shares of the real estate investment trust's stock after acquiring an additional 8,735 shares during the quarter. First Trust Advisors LP owned 0.05% of Alexandria Real Estate Equities worth $8,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have 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% in the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 109 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Alexandria Real Estate Equities in the 3rd quarter worth about $43,000. Spire Wealth Management grew its position in Alexandria Real Estate Equities by 72.5% during the fourth quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock valued at $58,000 after buying an additional 250 shares during the period. Versant Capital Management Inc increased its holdings in Alexandria Real Estate Equities by 129.9% during the fourth quarter. Versant Capital Management Inc now owns 745 shares of the real estate investment trust's stock worth $73,000 after buying an additional 421 shares during the last quarter. Finally, Sherman Asset Management Inc. bought a new stake in Alexandria Real Estate Equities in the fourth quarter worth about $75,000. Institutional investors own 96.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ARE shares. Wedbush restated a "neutral" rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a "hold" rating and a $100.00 price target on the stock. StockNews.com upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, JMP Securities restated a "market outperform" rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $118.60.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock traded up $1.02 during trading hours on Friday, reaching $74.44. The stock had a trading volume of 1,389,066 shares, compared to its average volume of 1,204,623. The stock's fifty day simple moving average is $88.66 and its 200 day simple moving average is $98.63. The firm has a market capitalization of $12.88 billion, a PE ratio of 41.36, a PEG ratio of 3.93 and a beta of 1.24. Alexandria Real Estate Equities, Inc. has a 12 month low of $70.57 and a 12 month 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 announced its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $2.30 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $758.16 million during the quarter, compared to the consensus estimate of $755.64 million. During the same period last year, the firm earned $2.35 EPS. The business's quarterly revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 7.09%. The ex-dividend date of this dividend was Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio is currently 293.33%.

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.