Alexandria Real Estate Equities, Inc. (NYSE:ARE) Stock Position Increased by Bank of America Corp DE

Bank of America Corp DE grew its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 218.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,164,554 shares of the real estate investment trust’s stock after buying an additional 798,438 shares during the period. Bank of America Corp DE’s holdings in Alexandria Real Estate Equities were worth $113,602,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in shares of Alexandria Real Estate Equities by 57.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 109 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Alexandria Real Estate Equities during the 3rd quarter valued at $43,000. Spire Wealth Management boosted its position in 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. Sherman Asset Management Inc. bought a new position in shares of Alexandria Real Estate Equities in the fourth quarter worth $75,000. Finally, Private Trust Co. NA increased its holdings in shares of Alexandria Real Estate Equities by 30.2% during the fourth quarter. Private Trust Co. NA now owns 776 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 180 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

ARE opened at $74.21 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The firm has a market cap of $12.84 billion, a PE ratio of 41.23, a P/E/G ratio of 3.93 and a beta of 1.27. The business has a fifty day simple moving average of $85.34 and a 200-day simple moving average of $96.50. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $70.57 and a fifty-two week high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Alexandria Real Estate Equities’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the company posted $2.35 EPS. As a group, equities 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 company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 7.11%. The ex-dividend date of this dividend was Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 694.74%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. JMP Securities reaffirmed 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. Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a “hold” rating and a $100.00 price objective for the company. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. Finally, Wedbush reaffirmed a “neutral” rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus 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.