Jump Financial LLC boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 48.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,627 shares of the real estate investment trust’s stock after buying an additional 2,159 shares during the period. Jump Financial LLC’s holdings in Alexandria Real Estate Equities were worth $646,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in ARE. Virtu Financial LLC acquired a new position in shares of Alexandria Real Estate Equities in the 3rd quarter valued at $276,000. Wilmington Savings Fund Society FSB acquired a new position in Alexandria Real Estate Equities in the third quarter valued at $43,000. Tidal Investments LLC raised its holdings in shares of Alexandria Real Estate Equities by 26.6% in the third quarter. Tidal Investments LLC now owns 16,808 shares of the real estate investment trust’s stock valued at $1,996,000 after buying an additional 3,535 shares during the last quarter. Inspire Trust Co. N.A. boosted its stake in shares of Alexandria Real Estate Equities by 17.6% during the third quarter. Inspire Trust Co. N.A. now owns 10,000 shares of the real estate investment trust’s stock worth $1,188,000 after buying an additional 1,500 shares during the period. Finally, Copley Financial Group Inc. purchased a new position in shares of Alexandria Real Estate Equities during the third quarter worth about $420,000. Institutional investors and hedge funds own 96.54% of the company’s stock.
Alexandria Real Estate Equities Trading Up 0.7 %
Shares of ARE opened at $76.28 on Wednesday. Alexandria Real Estate Equities, Inc. has a twelve month low of $71.57 and a twelve month high of $130.14. 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 firm has a market capitalization of $13.20 billion, a P/E ratio of 42.38, a PEG ratio of 3.93 and a beta of 1.24. The firm’s 50-day moving average is $91.53 and its two-hundred day moving average is $100.49.
Alexandria Real Estate Equities Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $1.32 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $5.28 annualized dividend and a dividend yield of 6.92%. Alexandria Real Estate Equities’s dividend payout ratio is presently 293.33%.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on ARE shares. Wedbush reaffirmed a “neutral” rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. JMP Securities reissued a “market outperform” rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Finally, Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a research note on Monday, March 17th. They issued a “hold” rating and a $100.00 target price for the company. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of “Hold” and a consensus target price of $118.60.
Get Our Latest Report on Alexandria Real Estate Equities
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.
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