Mufg Securities Americas Inc. Invests $224,000 in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Mufg Securities Americas Inc. acquired a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,296 shares of the real estate investment trust’s stock, valued at approximately $224,000.

A number of other large investors have also added to or reduced their stakes in ARE. Norges Bank acquired a new stake in Alexandria Real Estate Equities during the 4th quarter valued at approximately $1,605,426,000. JPMorgan Chase & Co. increased its position in Alexandria Real Estate Equities by 212.9% during the 4th quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust’s stock valued at $806,337,000 after purchasing an additional 5,624,163 shares during the period. Capital World Investors acquired a new stake in Alexandria Real Estate Equities during the 4th quarter valued at approximately $326,959,000. Northern Trust Corp increased its position in Alexandria Real Estate Equities by 67.9% during the 4th quarter. Northern Trust Corp now owns 2,565,406 shares of the real estate investment trust’s stock valued at $250,255,000 after purchasing an additional 1,037,413 shares during the period. Finally, PGGM Investments increased its position in Alexandria Real Estate Equities by 3,602.0% during the 4th quarter. PGGM Investments now owns 958,857 shares of the real estate investment trust’s stock valued at $93,537,000 after purchasing an additional 932,956 shares during the period. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

NYSE ARE opened at $72.82 on Friday. The company has a fifty day simple moving average of $82.45 and a 200 day simple moving average of $95.08. Alexandria Real Estate Equities, Inc. has a 12-month low of $70.15 and a 12-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 company has a market cap of $12.60 billion, a P/E ratio of 40.46, a PEG ratio of 3.93 and a beta of 1.27.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.02. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. The business had revenue of $758.16 million during the quarter, compared to the consensus estimate of $755.64 million. During the same quarter last year, the firm posted $2.35 EPS. Alexandria Real Estate Equities’s revenue was down 1.4% compared to the same quarter last year. Sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share 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 given a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 7.25%. The ex-dividend date of this dividend was Monday, March 31st. Alexandria Real Estate Equities’s payout ratio is currently 694.74%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ARE shares. Jefferies Financial Group started coverage on shares of Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a “hold” rating and a $100.00 target price for the company. JMP Securities reissued a “market outperform” rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. Wedbush reiterated a “neutral” rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, April 3rd. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average 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.