Tredje AP fonden Raises Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Tredje AP fonden raised its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 69.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 103,543 shares of the real estate investment trust’s stock after purchasing an additional 42,295 shares during the period. Tredje AP fonden’s holdings in Alexandria Real Estate Equities were worth $12,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Alexandria Real Estate Equities by 14.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 281,833 shares of the real estate investment trust’s stock valued at $36,331,000 after buying an additional 34,854 shares during the period. Hsbc Holdings PLC lifted its position in Alexandria Real Estate Equities by 18.3% during the fourth quarter. Hsbc Holdings PLC now owns 545,069 shares of the real estate investment trust’s stock valued at $69,245,000 after buying an additional 84,479 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in shares of Alexandria Real Estate Equities by 2.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 321,624 shares of the real estate investment trust’s stock valued at $41,482,000 after buying an additional 9,187 shares during the period. Bluefin Capital Management LLC purchased a new position in Alexandria Real Estate Equities in the 4th quarter valued at about $838,000. Finally, Norden Group LLC acquired a new stake in shares of Alexandria Real Estate Equities during the first quarter worth approximately $963,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on ARE shares. Evercore ISI upped their target price on Alexandria Real Estate Equities from $126.00 to $127.00 and gave the company an “in-line” rating in a report on Wednesday, August 28th. JMP Securities reiterated a “market outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Citigroup lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $130.00 to $125.00 in a research note on Friday, September 13th. Royal Bank of Canada cut their price target on shares of Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. Finally, Jefferies Financial Group downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $136.00 to $127.00 in a research note on Friday, August 2nd. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $130.70.

Alexandria Real Estate Equities Stock Down 0.6 %

Shares of ARE opened at $124.01 on Wednesday. Alexandria Real Estate Equities, Inc. has a 12 month low of $90.73 and a 12 month high of $135.45. The stock has a market cap of $21.69 billion, a price-to-earnings ratio of 115.90, a P/E/G ratio of 4.20 and a beta of 1.16. The company has a 50-day moving average price of $118.90 and a two-hundred day moving average price of $119.85. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.55.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $2.34 by ($2.09). The company had revenue of $766.70 million during the quarter, compared to analyst estimates of $775.03 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. Alexandria Real Estate Equities’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.24 EPS. Equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $1.30 per share. The ex-dividend date is Monday, September 30th. This represents a $5.20 annualized dividend and a yield of 4.19%. Alexandria Real Estate Equities’s dividend payout ratio is 485.98%.

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.