Wells Fargo & Company MN Has $44.85 Million Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Wells Fargo & Company MN raised its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 459,766 shares of the real estate investment trust’s stock after purchasing an additional 7,173 shares during the period. Wells Fargo & Company MN’s holdings in Alexandria Real Estate Equities were worth $44,850,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in shares of Alexandria Real Estate Equities by 57.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 109 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Alexandria Real Estate Equities in the third quarter worth $43,000. Spire Wealth Management boosted its stake in Alexandria Real Estate Equities by 72.5% during the fourth quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 250 shares in the last quarter. Versant Capital Management Inc boosted its stake in Alexandria Real Estate Equities by 129.9% during the fourth quarter. Versant Capital Management Inc now owns 745 shares of the real estate investment trust’s stock worth $73,000 after buying an additional 421 shares in the last quarter. Finally, Sherman Asset Management Inc. acquired a new stake in Alexandria Real Estate Equities during the fourth quarter worth $75,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

Shares of ARE opened at $81.10 on Thursday. Alexandria Real Estate Equities, Inc. has a 1 year low of $71.57 and a 1 year high of $130.14. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The company has a market capitalization of $14.04 billion, a price-to-earnings ratio of 45.06, a price-to-earnings-growth ratio of 3.93 and a beta of 1.24. The business has a 50-day moving average of $94.84 and a 200-day moving average of $103.12.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. As a group, equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $1.32 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $5.28 annualized dividend and a yield of 6.51%. Alexandria Real Estate Equities’s dividend payout ratio is currently 293.33%.

Wall Street Analyst Weigh In

ARE has been the topic of a number of recent research reports. Wedbush reiterated a “neutral” rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Royal Bank of Canada cut their price objective on Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a report on Tuesday, December 17th. Jefferies Financial Group began coverage on 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. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. Finally, 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, January 29th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $118.60.

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.