Price T Rowe Associates Inc. MD Grows Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Price T Rowe Associates Inc. MD boosted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 689,248 shares of the real estate investment trust's stock after acquiring an additional 12,102 shares during the period. Price T Rowe Associates Inc. MD owned 0.40% of Alexandria Real Estate Equities worth $67,237,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ARE. EverSource Wealth Advisors LLC boosted its stake in shares of 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 purchasing an additional 109 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Alexandria Real Estate Equities during the 3rd quarter valued at approximately $43,000. Spire Wealth Management grew its holdings in shares of Alexandria Real Estate Equities by 72.5% during the 4th quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock worth $58,000 after acquiring an additional 250 shares during the period. Versant Capital Management Inc raised its position in shares of Alexandria Real Estate Equities by 129.9% in the 4th quarter. Versant Capital Management Inc now owns 745 shares of the real estate investment trust's stock worth $73,000 after acquiring an additional 421 shares in the last quarter. Finally, Sherman Asset Management Inc. purchased a new position in shares of Alexandria Real Estate Equities in the 4th quarter valued at approximately $75,000. Hedge funds and other institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Up 1.4 %

NYSE ARE traded up $1.02 during mid-day trading on Friday, reaching $74.44. The stock had a trading volume of 1,389,066 shares, compared to its average volume of 1,208,187. The company has a fifty day moving average price of $88.13 and a 200 day moving average price of $98.14. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. Alexandria Real Estate Equities, Inc. has a 1 year low of $70.57 and a 1 year high of $130.14. The stock has a market cap of $12.88 billion, a PE ratio of 41.36, a price-to-earnings-growth ratio of 3.93 and a beta of 1.27.

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 analysts' consensus estimates of $2.28 by $0.02. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. The firm 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 earnings per share. The company's quarterly revenue was down 1.4% on a year-over-year basis. On average, research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

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. The ex-dividend date of this dividend was Monday, March 31st. This represents a $5.28 annualized dividend and a dividend yield of 7.09%. Alexandria Real Estate Equities's payout ratio is 694.74%.

Analyst Ratings Changes

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

About Alexandria Real Estate Equities

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.