Worldquant Millennium Advisors LLC Acquires 89,197 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Worldquant Millennium Advisors LLC grew its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 52.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 259,505 shares of the real estate investment trust’s stock after purchasing an additional 89,197 shares during the period. Worldquant Millennium Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $25,315,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Bank of America Corp DE boosted its position in shares of Alexandria Real Estate Equities by 218.1% during the 4th quarter. Bank of America Corp DE now owns 1,164,554 shares of the real estate investment trust’s stock valued at $113,602,000 after acquiring an additional 798,438 shares during the last quarter. Magnetar Financial LLC bought a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at about $968,000. Hahn Capital Management LLC boosted its position in shares of Alexandria Real Estate Equities by 50.4% during the 4th quarter. Hahn Capital Management LLC now owns 68,370 shares of the real estate investment trust’s stock valued at $6,669,000 after acquiring an additional 22,926 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Alexandria Real Estate Equities by 5.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,541 shares of the real estate investment trust’s stock valued at $88,140,000 after acquiring an additional 42,825 shares during the last quarter. Finally, Allstate Corp bought a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at about $2,008,000. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

NYSE ARE opened at $72.16 on Wednesday. The stock has a 50-day simple moving average of $81.48 and a two-hundred day simple moving average of $94.55. The firm has a market capitalization of $12.48 billion, a P/E ratio of 40.09, a PEG ratio of 3.93 and a beta of 1.27. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $70.15 and a fifty-two week high of $130.14. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the business earned $2.35 EPS. Alexandria Real Estate Equities’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared 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 was Monday, March 31st. This represents a $5.28 annualized dividend and a dividend yield of 7.32%. Alexandria Real Estate Equities’s dividend payout ratio is presently 694.74%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ARE shares. 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. Jefferies Financial Group started coverage on Alexandria Real Estate Equities in a report on Monday, March 17th. They set a “hold” rating and a $100.00 price objective on the stock. 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. JPMorgan Chase & Co. decreased their price target on Alexandria Real Estate Equities from $117.00 to $95.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, April 3rd. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $116.00.

Alexandria Real Estate Equities 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.