Naples Global Advisors LLC Grows Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Naples Global Advisors LLC lifted its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 9.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 29,980 shares of the real estate investment trust’s stock after purchasing an additional 2,623 shares during the period. Naples Global Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $2,812,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Alexandria Real Estate Equities in the fourth quarter valued at approximately $1,605,426,000. JPMorgan Chase & Co. lifted its holdings in Alexandria Real Estate Equities by 212.9% in 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 grew its position in Alexandria Real Estate Equities by 2.4% in 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 acquiring an additional 96,771 shares during the period. Capital World Investors acquired a new stake in Alexandria Real Estate Equities during the fourth quarter worth $326,959,000. Finally, Northern Trust Corp raised its position in Alexandria Real Estate Equities by 67.9% in the fourth 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 currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. JMP Securities reiterated a “market outperform” rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Wall Street Zen raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, April 3rd. JPMorgan Chase & Co. dropped their price target on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a “neutral” rating for the company in a research report on Tuesday, May 20th. Finally, 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 on the stock. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $116.00.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE opened at $70.69 on Thursday. Alexandria Real Estate Equities, Inc. has a 52 week low of $67.37 and a 52 week high of $130.14. The company has a fifty day simple moving average of $75.39 and a two-hundred day simple moving average of $91.51. 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 company has a market cap of $12.23 billion, a price-to-earnings ratio of 39.27, a price-to-earnings-growth ratio of 3.93 and a beta of 1.27.

Alexandria Real Estate Equities (NYSE:ARE) last released its 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 during the quarter, compared to analyst estimates of $755.64 million. During the same period last year, the business posted $2.35 earnings per share. Alexandria Real Estate Equities’s revenue was down 1.4% compared to the same quarter last year. As a group, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 7.47%. The ex-dividend date of this dividend is Monday, June 30th. Alexandria Real Estate Equities’s dividend payout ratio is presently 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.