Redpoint Investment Management Pty Ltd Purchases 1,366 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)


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Redpoint Investment Management Pty Ltd raised its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 13.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,473 shares of the real estate investment trust’s stock after buying an additional 1,366 shares during the quarter. Redpoint Investment Management Pty Ltd’s holdings in Alexandria Real Estate Equities were worth $2,045,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. OneAscent Financial Services LLC grew its holdings in shares of Alexandria Real Estate Equities by 18.9% during the 4th quarter. OneAscent Financial Services LLC now owns 3,326 shares of the real estate investment trust’s stock valued at $593,000 after purchasing an additional 529 shares during the last quarter. CX Institutional grew its holdings in shares of Alexandria Real Estate Equities by 73.3% during the 4th quarter. CX Institutional now owns 156 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 66 shares during the last quarter. Huntington National Bank grew its holdings in shares of Alexandria Real Estate Equities by 1.7% during the 4th quarter. Huntington National Bank now owns 10,102 shares of the real estate investment trust’s stock valued at $1,800,000 after purchasing an additional 164 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Alexandria Real Estate Equities by 28.3% during the 4th quarter. Louisiana State Employees Retirement System now owns 7,700 shares of the real estate investment trust’s stock valued at $1,372,000 after purchasing an additional 1,700 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of Alexandria Real Estate Equities by 3.6% during the 4th quarter. State of Alaska Department of Revenue now owns 63,255 shares of the real estate investment trust’s stock valued at $11,272,000 after purchasing an additional 2,181 shares during the last quarter. 87.58% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on the stock. Robert W. Baird raised shares of Alexandria Real Estate Equities from a “neutral” rating to an “outperform” rating and set a $194.00 price target on the stock in a report on Thursday, January 7th. Berenberg Bank assumed coverage on shares of Alexandria Real Estate Equities in a research report on Friday, October 2nd. They set a “buy” rating and a $190.00 target price on the stock. BidaskClub downgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 7th. Finally, UBS Group assumed coverage on shares of Alexandria Real Estate Equities in a research report on Friday, October 16th. They set a “neutral” rating and a $166.00 target price on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $162.27.

Shares of NYSE ARE opened at $168.90 on Thursday. The company has a market capitalization of $23.40 billion, a P/E ratio of 39.01 and a beta of 0.80. Alexandria Real Estate Equities, Inc. has a 52-week low of $109.22 and a 52-week high of $179.79. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.31 and a current ratio of 0.31. The company’s 50 day moving average price is $170.58 and its 200-day moving average price is $166.14.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Saturday, October 31st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.83 by ($1.20). The firm had revenue of $545.00 million during the quarter, compared to analyst estimates of $450.55 million. Alexandria Real Estate Equities had a return on equity of 4.79% and a net margin of 29.07%. The firm’s revenue for the quarter was up 39.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.44) EPS. Analysts forecast that Alexandria Real Estate Equities, Inc. will post 7.3 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 31st will be given a $1.09 dividend. The ex-dividend date is Wednesday, December 30th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.58%. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.06. Alexandria Real Estate Equities’s payout ratio is 62.64%.

Alexandria Real Estate Equities Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500® urban office real estate investment trust ("REIT"), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $29.2 billion as of September 30, 2020, and an asset base in North America of 47.4 million square feet ("SF").

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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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