Handelsbanken Fonder AB Buys 1,599 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Handelsbanken Fonder AB raised its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 120,053 shares of the real estate investment trust’s stock after purchasing an additional 1,599 shares during the period. Handelsbanken Fonder AB’s holdings in Alexandria Real Estate Equities were worth $11,106,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ARE. Norges Bank bought a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth about $1,605,426,000. JPMorgan Chase & Co. increased its position in shares of Alexandria Real Estate Equities by 212.9% during the fourth quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust’s stock worth $806,337,000 after acquiring an additional 5,624,163 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Alexandria Real Estate Equities by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 4,135,591 shares of the real estate investment trust’s stock worth $402,450,000 after acquiring an additional 96,771 shares in the last quarter. Capital World Investors bought a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth about $326,959,000. Finally, Northern Trust Corp increased its position in shares of Alexandria Real Estate Equities by 67.9% during the fourth quarter. Northern Trust Corp now owns 2,565,406 shares of the real estate investment trust’s stock worth $250,255,000 after acquiring an additional 1,037,413 shares in the last quarter. 96.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on ARE. 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. Wall Street Zen upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They set a “hold” rating and a $100.00 price target on the stock. Finally, JPMorgan Chase & Co. cut their price target on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a “neutral” rating on the stock in a report on Tuesday, May 20th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $116.00.

Alexandria Real Estate Equities Stock Down 0.2%

Alexandria Real Estate Equities stock opened at $73.01 on Friday. Alexandria Real Estate Equities, Inc. has a twelve month low of $67.37 and a twelve month high of $130.14. The firm has a 50 day moving average price of $73.60 and a 200-day moving average price of $90.07. The company has a market capitalization of $12.63 billion, a P/E ratio of 40.56, a P/E/G ratio of 3.93 and a beta of 1.25. 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 (NYSE:ARE) last released its earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $758.16 million during the quarter, compared to the consensus estimate of $755.64 million. During the same period in the prior year, the firm earned $2.35 EPS. The company’s revenue was down 1.4% compared to the same quarter last year. As a group, equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 7.23%. The ex-dividend date is Monday, June 30th. Alexandria Real Estate Equities’s dividend payout ratio is currently 694.74%.

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.