Quarry LP Acquires 1,556 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Quarry LP grew its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 781.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,755 shares of the real estate investment trust’s stock after purchasing an additional 1,556 shares during the quarter. Quarry LP’s holdings in Alexandria Real Estate Equities were worth $171,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC bought a new position in shares of Alexandria Real Estate Equities during the 4th quarter valued at $29,000. EverSource Wealth Advisors LLC raised its holdings in shares of Alexandria Real Estate Equities by 57.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 109 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Alexandria Real Estate Equities during the 3rd quarter valued at $43,000. Spire Wealth Management raised its holdings in shares of 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 valued at $58,000 after purchasing an additional 250 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in Alexandria Real Estate Equities by 129.9% in the 4th quarter. Versant Capital Management Inc now owns 745 shares of the real estate investment trust’s stock valued at $73,000 after buying an additional 421 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

Analyst Ratings Changes

ARE has been the topic of a number of research analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a research note on Monday, March 17th. They issued a “hold” rating and a $100.00 target price on the stock. StockNews.com upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, April 3rd. Finally, Wedbush reiterated a “neutral” rating and issued a $104.00 target price 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.com, the stock has a consensus rating of “Hold” and an average price target of $118.60.

Alexandria Real Estate Equities Stock Performance

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

Alexandria Real Estate Equities (NYSE:ARE) last posted its 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 $2.29 by $0.01. The business had revenue of $758.16 million for the quarter, compared to analysts’ expectations of $755.64 million. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. As a group, research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

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

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.