Jennison Associates LLC boosted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 180.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,010,943 shares of the real estate investment trust's stock after purchasing an additional 650,248 shares during the period. Jennison Associates LLC owned about 0.58% of Alexandria Real Estate Equities worth $128,157,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in ARE. Mutual of America Capital Management LLC boosted its stake in Alexandria Real Estate Equities by 24.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 43,196 shares of the real estate investment trust's stock valued at $5,476,000 after acquiring an additional 8,555 shares during the last quarter. Whittier Trust Co. lifted its stake in shares of Alexandria Real Estate Equities by 36.0% during the 4th quarter. Whittier Trust Co. now owns 75,337 shares of the real estate investment trust's stock valued at $9,550,000 after buying an additional 19,931 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Alexandria Real Estate Equities by 19.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 161,070 shares of the real estate investment trust's stock valued at $20,419,000 after buying an additional 25,955 shares in the last quarter. Tobam lifted its stake in shares of Alexandria Real Estate Equities by 87.3% during the 4th quarter. Tobam now owns 1,103 shares of the real estate investment trust's stock valued at $140,000 after buying an additional 514 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Alexandria Real Estate Equities by 204.3% during the 4th quarter. SG Americas Securities LLC now owns 17,866 shares of the real estate investment trust's stock valued at $2,265,000 after buying an additional 11,994 shares in the last quarter. 96.54% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently commented on ARE shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They set a "buy" rating and a $140.00 price target on the stock. Mizuho upped their price target on shares of Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a "buy" rating in a research note on Wednesday, January 3rd. StockNews.com raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, March 21st. Wedbush reaffirmed an "outperform" rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $137.13.
Check Out Our Latest Stock Report on ARE
Alexandria Real Estate Equities Price Performance
Shares of NYSE:ARE traded up $2.91 during trading on Monday, reaching $118.60. The company had a trading volume of 1,049,914 shares, compared to its average volume of 999,850. The company has a fifty day moving average of $122.82 and a two-hundred day moving average of $116.82. The stock has a market capitalization of $20.75 billion, a P/E ratio of 219.63, a price-to-earnings-growth ratio of 2.64 and a beta of 1.05. Alexandria Real Estate Equities, Inc. has a 12 month low of $90.73 and a 12 month high of $135.45. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50.
Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS for the quarter, missing analysts' consensus estimates of $2.29 by ($2.83). The company had revenue of $757.22 million during the quarter, compared to the consensus estimate of $740.16 million. Alexandria Real Estate Equities had a return on equity of 0.46% and a net margin of 3.59%. Alexandria Real Estate Equities's quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.14 EPS. Equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.
Alexandria Real Estate Equities Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend was Wednesday, March 27th. Alexandria Real Estate Equities's dividend payout ratio is currently 940.76%.
Insider Activity at Alexandria Real Estate Equities
In related news, CEO Peter M. Moglia sold 3,200 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $122.90, for a total transaction of $393,280.00. Following the transaction, the chief executive officer now owns 249,683 shares of the company's stock, valued at approximately $30,686,040.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Peter M. Moglia sold 3,200 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $122.90, for a total transaction of $393,280.00. Following the transaction, the chief executive officer now owns 249,683 shares of the company's stock, valued at approximately $30,686,040.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Joel S. Marcus sold 7,500 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $118.92, for a total transaction of $891,900.00. Following the transaction, the chairman now directly owns 429,538 shares in the company, valued at approximately $51,080,658.96. The disclosure for this sale can be found here. 1.15% of the stock is owned by insiders.
Alexandria Real Estate Equities Profile
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Free Report)
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.
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