Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Purchased by Freedom Investment Management Inc.

Freedom Investment Management Inc. grew its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 22.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,836 shares of the real estate investment trust’s stock after purchasing an additional 1,088 shares during the quarter. Freedom Investment Management Inc.’s holdings in Alexandria Real Estate Equities were worth $569,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Proficio Capital Partners LLC purchased a new position in Alexandria Real Estate Equities during the fourth quarter worth about $29,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Alexandria Real Estate Equities by 57.7% during the 4th 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 period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Alexandria Real Estate Equities in the third quarter worth approximately $43,000. Spire Wealth Management grew its holdings in Alexandria Real Estate Equities by 72.5% in the fourth quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 250 shares during the period. Finally, Versant Capital Management Inc grew its holdings in Alexandria Real Estate Equities by 129.9% in the fourth quarter. Versant Capital Management Inc now owns 745 shares of the real estate investment trust’s stock valued at $73,000 after purchasing an additional 421 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Up 0.8 %

NYSE ARE opened at $77.76 on Monday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $71.57 and a fifty-two week high of $130.14. The business has a 50 day moving average price of $92.31 and a two-hundred day moving average price of $100.93. The stock has a market cap of $13.45 billion, a PE ratio of 43.20, a P/E/G ratio of 3.93 and a beta of 1.24.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, beating 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%. As a group, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

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. This represents a $5.28 annualized dividend and a dividend yield of 6.79%. The ex-dividend date was Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 293.33%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. StockNews.com upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. Wedbush reiterated a “neutral” rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Jefferies Financial Group started coverage on Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a “hold” rating and a $100.00 price objective on the stock. Finally, JMP Securities reiterated a “market outperform” rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.