Paralel Advisors LLC Buys Shares of 14,500 Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Paralel Advisors LLC acquired a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 14,500 shares of the real estate investment trust’s stock, valued at approximately $1,414,000.

Several other institutional investors have also recently made changes to their positions in ARE. Stifel Financial Corp lifted its stake in shares of Alexandria Real Estate Equities by 93.6% during the 3rd quarter. Stifel Financial Corp now owns 81,413 shares of the real estate investment trust’s stock worth $9,668,000 after acquiring an additional 39,358 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Alexandria Real Estate Equities by 96.2% in the 3rd quarter. Wellington Management Group LLP now owns 27,418 shares of the real estate investment trust’s stock worth $3,256,000 after acquiring an additional 13,447 shares in the last quarter. XTX Topco Ltd raised its position in shares of Alexandria Real Estate Equities by 16.0% in the 3rd quarter. XTX Topco Ltd now owns 5,800 shares of the real estate investment trust’s stock worth $689,000 after acquiring an additional 798 shares in the last quarter. MML Investors Services LLC raised its position in shares of Alexandria Real Estate Equities by 217.9% in the 3rd quarter. MML Investors Services LLC now owns 20,087 shares of the real estate investment trust’s stock worth $2,385,000 after acquiring an additional 13,769 shares in the last quarter. Finally, Vestcor Inc grew its stake in Alexandria Real Estate Equities by 321.8% during the 3rd quarter. Vestcor Inc now owns 28,937 shares of the real estate investment trust’s stock worth $3,436,000 after buying an additional 22,077 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Down 4.1 %

Shares of ARE traded down $3.35 on Thursday, reaching $77.47. 44,716 shares of the company’s stock were exchanged, compared to its average volume of 1,137,203. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $13.41 billion, a P/E ratio of 43.62, a price-to-earnings-growth ratio of 3.93 and a beta of 1.24. The business has a 50 day moving average price of $94.84 and a two-hundred day moving average price of $103.12. Alexandria Real Estate Equities, Inc. has a 12 month low of $71.57 and a 12 month high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $1.48. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. Research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.82%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio is presently 293.33%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ARE. StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, April 3rd. Royal Bank of Canada dropped their price target on Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a research report on Tuesday, December 17th. Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a “hold” rating and a $100.00 price target for the company. JMP Securities restated a “market outperform” rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Finally, Wedbush reissued a “neutral” rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $118.60.

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.