Hudson Bay Capital Management LP Purchases Shares of 88,628 Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Hudson Bay Capital Management LP bought a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 88,628 shares of the real estate investment trust's stock, valued at approximately $8,646,000. Hudson Bay Capital Management LP owned about 0.05% of Alexandria Real Estate Equities as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARE. EverSource Wealth Advisors LLC lifted its position in Alexandria Real Estate Equities by 57.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 109 shares during the period. Callan Capital LLC lifted its holdings in shares of Alexandria Real Estate Equities by 1.3% during the fourth quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust's stock valued at $873,000 after purchasing an additional 111 shares during the last quarter. Coldstream Capital Management Inc. boosted its position in shares of 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 purchasing an additional 120 shares in the last quarter. Wedbush Securities Inc. increased its position in Alexandria Real Estate Equities by 5.8% during the 4th quarter. Wedbush Securities Inc. now owns 2,300 shares of the real estate investment trust's stock valued at $224,000 after buying an additional 126 shares in the last quarter. Finally, M&T Bank Corp raised its stake in Alexandria Real Estate Equities by 0.7% during the fourth quarter. M&T Bank Corp now owns 19,478 shares of the real estate investment trust's stock valued at $1,901,000 after buying an additional 127 shares during the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock traded up $0.45 during mid-day trading on Thursday, reaching $71.44. 1,847,754 shares of the company's stock traded hands, compared to its average volume of 1,253,005. 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 firm has a market capitalization of $12.36 billion, a PE ratio of 39.69, a price-to-earnings-growth ratio of 3.93 and a beta of 1.27. Alexandria Real Estate Equities, Inc. has a 12 month low of $70.15 and a 12 month high of $130.14. The firm has a 50 day moving average price of $83.60 and a two-hundred day moving average price of $95.76.

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, topping the consensus estimate of $2.28 by $0.02. The company had revenue of $758.16 million during the quarter, compared to analyst estimates of $755.64 million. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. The firm's quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.35 EPS. On average, research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $1.32 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a yield of 7.39%. Alexandria Real Estate Equities's dividend payout ratio is presently 694.74%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ARE shares. Wedbush reaffirmed a "neutral" rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. JMP Securities reiterated a "market outperform" rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Jefferies Financial Group started coverage on Alexandria Real Estate Equities in a research note on Monday, March 17th. They set a "hold" rating and a $100.00 target price on the stock. Finally, StockNews.com raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Alexandria Real Estate Equities currently has an average rating of "Hold" and an average target price of $118.60.

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.