Nuveen Asset Management LLC Has $116.43 Million Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Nuveen Asset Management LLC boosted its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 24.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,193,491 shares of the real estate investment trust's stock after acquiring an additional 231,469 shares during the quarter. Nuveen Asset Management LLC owned about 0.69% of Alexandria Real Estate Equities worth $116,425,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Norges Bank purchased a new position in Alexandria Real Estate Equities in the 4th quarter worth about $1,605,426,000. JPMorgan Chase & Co. raised its holdings in shares of Alexandria Real Estate Equities by 212.9% during the fourth quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust's stock valued at $806,337,000 after acquiring an additional 5,624,163 shares during the period. Capital World Investors purchased a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at approximately $326,959,000. Northern Trust Corp boosted its stake in Alexandria Real Estate Equities by 67.9% in the 4th quarter. Northern Trust Corp now owns 2,565,406 shares of the real estate investment trust's stock worth $250,255,000 after purchasing an additional 1,037,413 shares during the period. Finally, PGGM Investments grew its position in Alexandria Real Estate Equities by 3,602.0% during the 4th quarter. PGGM Investments now owns 958,857 shares of the real estate investment trust's stock worth $93,537,000 after purchasing an additional 932,956 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ARE. Wedbush restated a "neutral" rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Jefferies Financial Group began coverage on Alexandria Real Estate Equities in a research note on Monday, March 17th. They issued a "hold" rating and a $100.00 price objective for the company. JMP Securities reaffirmed a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. StockNews.com upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. reduced 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 report on Tuesday. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $116.00.

Alexandria Real Estate Equities Stock Down 2.6%

Shares of Alexandria Real Estate Equities stock traded down $1.89 during trading on Tuesday, hitting $72.16. 1,480,980 shares of the stock traded hands, compared to its average volume of 1,264,866. The stock has a market cap of $12.48 billion, a P/E ratio of 40.09, a PEG ratio of 3.93 and a beta of 1.27. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. Alexandria Real Estate Equities, Inc. has a twelve month low of $70.15 and a twelve month high of $130.14. The company has a fifty day moving average price of $81.96 and a two-hundred day moving average price of $94.70.

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, beating the consensus estimate of $2.28 by $0.02. The business had revenue of $758.16 million during the quarter, compared to analyst estimates of $755.64 million. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. The firm's revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.35 EPS. Equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 7.32%. The ex-dividend date of this dividend was Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio is 694.74%.

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.