Quantinno Capital Management LP Acquires 63,554 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Quantinno Capital Management LP lifted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 265.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,481 shares of the real estate investment trust's stock after purchasing an additional 63,554 shares during the quarter. Quantinno Capital Management LP owned 0.05% of Alexandria Real Estate Equities worth $8,534,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Alexandria Real Estate Equities by 16.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,284 shares of the real estate investment trust's stock valued at $515,000 after buying an additional 734 shares during the last quarter. Czech National Bank lifted its position in Alexandria Real Estate Equities by 6.3% in the fourth quarter. Czech National Bank now owns 33,724 shares of the real estate investment trust's stock valued at $3,290,000 after purchasing an additional 2,010 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of Alexandria Real Estate Equities by 65.7% during the fourth quarter. Park Avenue Securities LLC now owns 5,806 shares of the real estate investment trust's stock valued at $566,000 after purchasing an additional 2,302 shares during the period. Border to Coast Pensions Partnership Ltd grew its holdings in shares of Alexandria Real Estate Equities by 3.6% in the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 285,000 shares of the real estate investment trust's stock worth $27,783,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Procyon Advisors LLC grew its holdings in shares of Alexandria Real Estate Equities by 53.3% in the fourth quarter. Procyon Advisors LLC now owns 3,125 shares of the real estate investment trust's stock worth $305,000 after purchasing an additional 1,086 shares during the last quarter. Institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Performance

NYSE ARE traded down $1.89 during trading hours on Tuesday, hitting $72.16. The company's stock had a trading volume of 1,480,688 shares, compared to its average volume of 1,555,537. Alexandria Real Estate Equities, Inc. has a 12 month low of $70.15 and a 12 month high of $130.14. The company's 50 day simple moving average is $81.96 and its two-hundred day simple moving average is $94.70. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The company has a market cap of $12.48 billion, a P/E ratio of 40.09, 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 EPS for the quarter, topping analysts' consensus estimates of $2.28 by $0.02. The firm 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 business's revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.35 earnings per share. As a group, sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

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

Analysts Set New Price Targets

ARE has been the subject of several research reports. JPMorgan Chase & Co. decreased their price objective on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating for the company in a report on Tuesday. 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 target on the stock. JMP Securities reiterated a "market outperform" rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Wedbush restated a "neutral" rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, StockNews.com raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $116.00.

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.