Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Purchased by Tredje AP fonden

Tredje AP fonden boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 69.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,543 shares of the real estate investment trust’s stock after buying an additional 42,295 shares during the period. Tredje AP fonden owned 0.06% of Alexandria Real Estate Equities worth $12,111,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Alexandria Real Estate Equities by 7.1% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,210 shares of the real estate investment trust’s stock valued at $492,000 after purchasing an additional 280 shares in the last quarter. Edgestream Partners L.P. acquired a new position in Alexandria Real Estate Equities during the second quarter worth about $1,475,000. Renaissance Technologies LLC purchased a new stake in Alexandria Real Estate Equities during the 2nd quarter valued at about $12,738,000. Oppenheimer Asset Management Inc. raised its holdings in Alexandria Real Estate Equities by 30.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 26,382 shares of the real estate investment trust’s stock valued at $3,086,000 after acquiring an additional 6,176 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in Alexandria Real Estate Equities by 124.2% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 154,503 shares of the real estate investment trust’s stock worth $17,909,000 after purchasing an additional 85,600 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

Shares of Alexandria Real Estate Equities stock opened at $124.01 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a market capitalization of $21.69 billion, a price-to-earnings ratio of 115.90, a price-to-earnings-growth ratio of 4.20 and a beta of 1.16. The business has a 50-day moving average of $118.90 and a 200 day moving average of $119.85. Alexandria Real Estate Equities, Inc. has a 12 month low of $90.73 and a 12 month high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). The business had revenue of $766.70 million for the quarter, compared to analyst estimates of $775.03 million. Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. Alexandria Real Estate Equities’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.24 earnings per share. As a group, sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $1.30 dividend. 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 (DPR) is 485.98%.

Wall Street Analysts Forecast Growth

ARE has been the topic of a number of analyst reports. Royal Bank of Canada reduced their price objective on Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Bank of America cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price target for the company from $151.00 to $126.00 in a research report on Monday, July 29th. Evercore ISI raised their price objective on shares of Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th. Wedbush cut shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $140.00 to $130.00 in a research note on Wednesday, July 24th. Finally, Jefferies Financial Group lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price target for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $130.70.

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.