First Trust Advisors LP Buys 8,735 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

First Trust Advisors LP lifted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 10.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 91,874 shares of the real estate investment trust’s stock after purchasing an additional 8,735 shares during the period. First Trust Advisors LP owned 0.05% of Alexandria Real Estate Equities worth $8,962,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ARE. Norges Bank acquired a new stake in Alexandria Real Estate Equities during the 4th quarter worth $1,605,426,000. JPMorgan Chase & Co. raised its stake in Alexandria Real Estate Equities by 212.9% during the 4th quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust’s stock worth $806,337,000 after buying an additional 5,624,163 shares during the period. PGGM Investments raised its stake in Alexandria Real Estate Equities by 3,602.0% during the 4th quarter. PGGM Investments now owns 958,857 shares of the real estate investment trust’s stock worth $93,537,000 after buying an additional 932,956 shares during the period. Raymond James Financial Inc. acquired a new stake in Alexandria Real Estate Equities during the 4th quarter worth $34,170,000. Finally, Analyst IMS Investment Management Services Ltd. raised its stake in Alexandria Real Estate Equities by 170.1% during the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 486,103 shares of the real estate investment trust’s stock worth $47,419,000 after buying an additional 306,145 shares during the period. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Trading Up 1.4 %

NYSE ARE opened at $76.96 on Tuesday. The company has a market cap of $13.31 billion, a PE ratio of 42.76, a PEG ratio of 3.93 and a beta of 1.24. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a 12 month low of $71.57 and a 12 month high of $130.14. The stock has a 50 day moving average of $90.06 and a 200-day moving average of $99.32.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $2.30 EPS for the quarter, beating the consensus estimate of $2.29 by $0.01. The company had revenue of $758.16 million during the quarter, compared to the consensus estimate of $755.64 million. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. On average, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 6.86%. The ex-dividend date of this dividend was Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 293.33%.

Analysts Set New Price Targets

Several analysts recently commented on ARE shares. Jefferies Financial Group started coverage on Alexandria Real Estate Equities in a research note on Monday, March 17th. They set a “hold” rating and a $100.00 price objective on the stock. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, April 3rd. JMP Securities reissued a “market outperform” rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Finally, Wedbush reissued a “neutral” rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.