Nissay Asset Management Corp Japan ADV Purchases 561 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Nissay Asset Management Corp Japan ADV increased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 41,320 shares of the real estate investment trust’s stock after buying an additional 561 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Alexandria Real Estate Equities were worth $4,064,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in Alexandria Real Estate Equities in the 4th quarter worth $1,605,426,000. JPMorgan Chase & Co. boosted its holdings in Alexandria Real Estate Equities by 212.9% in 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. Geode Capital Management LLC boosted its holdings in Alexandria Real Estate Equities by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 4,135,591 shares of the real estate investment trust’s stock worth $402,450,000 after buying an additional 96,771 shares during the period. Capital World Investors bought a new position in Alexandria Real Estate Equities in the 4th quarter worth $326,959,000. Finally, Northern Trust Corp boosted its holdings in Alexandria Real Estate Equities by 67.9% in the 4th quarter. Northern Trust Corp now owns 2,565,406 shares of the real estate investment trust’s stock worth $250,255,000 after buying an additional 1,037,413 shares during the period. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Up 1.8%

Shares of NYSE:ARE opened at $72.82 on Friday. 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 $70.15 and a 12 month high of $130.14. The company has a 50-day moving average price of $82.45 and a 200 day moving average price of $95.20. The company has a market cap of $12.60 billion, a price-to-earnings ratio of 40.46, a PEG ratio of 3.93 and a beta of 1.27.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $0.02. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. The firm had revenue of $758.16 million during the quarter, compared to the consensus estimate of $755.64 million. During the same quarter last year, the firm earned $2.35 EPS. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current 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 issued a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 7.25%. The ex-dividend date of this dividend was Monday, March 31st. Alexandria Real Estate Equities’s payout ratio is 694.74%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ARE shares. Wedbush reissued a “neutral” rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. JMP Securities reissued a “market outperform” rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Finally, Jefferies Financial Group started coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They set a “hold” rating and a $100.00 price objective for the company. Ten equities research 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 currently has a consensus rating of “Hold” and a consensus 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.