Benjamin Edwards Inc. Raises Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Benjamin Edwards Inc. raised its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 52.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,901 shares of the real estate investment trust’s stock after acquiring an additional 1,688 shares during the period. Benjamin Edwards Inc.’s holdings in Alexandria Real Estate Equities were worth $478,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ARE. Norges Bank bought a new stake in Alexandria Real Estate Equities during the 4th quarter valued at $1,605,426,000. JPMorgan Chase & Co. raised its stake 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 last quarter. Geode Capital Management LLC boosted its holdings in shares of Alexandria Real Estate Equities by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 4,135,591 shares of the real estate investment trust’s stock worth $402,450,000 after purchasing an additional 96,771 shares during the period. Capital World Investors bought a new stake in shares of Alexandria Real Estate Equities in the fourth quarter worth about $326,959,000. Finally, Northern Trust Corp increased its holdings in Alexandria Real Estate Equities by 67.9% during the 4th quarter. Northern Trust Corp now owns 2,565,406 shares of the real estate investment trust’s stock valued at $250,255,000 after purchasing an additional 1,037,413 shares during the period. 96.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

ARE has been the subject of several research analyst reports. 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 assumed 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 target on the stock. 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, April 30th. Finally, Wedbush reaffirmed a “neutral” rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $118.60.

Alexandria Real Estate Equities Price Performance

ARE stock opened at $74.21 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. The firm has a market capitalization of $12.84 billion, a price-to-earnings ratio of 41.23, a PEG ratio of 3.93 and a beta of 1.27. The firm has a 50 day moving average price of $85.34 and a 200-day moving average price of $96.50. Alexandria Real Estate Equities, Inc. has a 52-week low of $70.57 and a 52-week high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last released its 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. 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 analysts’ expectations of $755.64 million. During the same period in the prior year, the firm posted $2.35 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. Equities research analysts forecast 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 declared 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 7.11%. The ex-dividend date of this dividend was Monday, March 31st. Alexandria Real Estate Equities’s payout ratio is 694.74%.

Alexandria Real Estate Equities Company 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.